Saturday, 2 August 2008


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Windfall Taxes on Energy Companies

Yes, it's time to tax the windfall profits of energy and utility companies. Not so that the Treasury benefits, which is what Brown wants; but to reduce the bills of ordinary, struggling families. Net profits of hundreds of millions of pounds are obscene in today's belt tightening downturn, especially when those profits and dividends go to foreign owners. These utility companies may have been privatised, but they should be seen as, and operate as, essential public services where net profits are shared with the nation and customers. That would be fair.
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