UK isolated as EU agrees windfall tax on energy firms | European Union

17 comments
  1. Well we will see whose laughing when our economy has grown massively and we are all as rich as Crassus from all that trickledown, and all they have is a measly €140bn.

  2. The interesting part to me is:

    > Germany, the Netherlands and EU officials, however, are sceptical about a [gas] price cap, fearing it could harm the EU’s ability to secure scarce supplies of liquified natural gas in a competitive global market.

    > Critics also say the system would require an EU authority to allocate and ration gas to member states, a politically fraught task never done at EU level.

    > Luxembourg’s energy minister, Claude Turmes, said capping the wholesale price of gas had risks. “What happens when the clearing is not happening? Who will then decide where gas goes? [Is the] European Commission to decide? …

  3. Rather than scare away investments by following the logic of the EU, lets just nuke our currency. That will attract investors right !

  4. I’m convinced that Brexit was nothing but a Tory ploy to remove EU red tape. The withdrawal is proceeding as planned.

  5. But hang on a minute, aren’t the EU worried that these excessive profits being taxed will stop them from investing in green energy?

    /s

  6. It’s like this Government, and the one of recent years, are determined to constantly be on the wrong of history for absolutely everything

  7. Did we take out huge loans to give to energy companies who will now give that cash to the EU because they are implementing the windfall tax we refused?

  8. “It’s the right thing to do”. Everyone else is wrong, clearly. & last but not least: black pudding! Nuff said.

  9. It seems the UK didn’t learn that the Tories are all about big business. They don’t give a f*ck about middle and lower class people, yet loads of you go and vote for them.

    My conscience is clear, I voted for Labour and a Corbyn government last time.

  10. Considering Truss’ “solution” is to subsidise the retailers so they can pay over-inflated prices to energy producers without having to gouge the end customer, it follows that (given these are multinational companies) the windfall tax levied on the producers will – in part – be paid for out of Truss’ subsidy.

    Remind me, what was written on the side of that red bus?

Leave a Reply