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Power for the people: windfall tax the energy giants

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Power for the people: Windfall the energy giants

Labour is pushing for a windfall tax on the energy jumbos, noting huge sounding profits.

So far, the Conservatives are shoving back but there has been the odd suggestion around that they might reverse-ferret, if only to steal Labour’s thunder.

What does the general public think?

This week Find Out Now asked 7000 people: Do you think the government should impose a windfall tax on the profits of energy companies such as BP and Shell to help pay for consumers’ rising energy bills?

The raw results, which you can see here, are clear.

Just over 78% say Yes, only 6% say No.

An item on the radio the other day had it that the more informed you are about how the energy markets work, the more likely you are to think a windfall tax wouldn’t be fair.

We aren’t sure about that, but it is interesting to see who answered No to our poll.

  • Twice as many males (8%) say no than females (4%)
  • 9% of 18-24s say No vs. 4% of 45-54s
  • Middle class people say No (AB: 7%, C1: 8%) more than working class (C2: 4%)
  • Tory and Lib Dem (9%) vs. SNP (4%) and Labour (5%)
  • North and South East (8%) Vs. South West (3%) and Scotland (4%)
  • The older you are the more likely you are to say yes

So, if you’re lobbying on behalf of the energy companies, it’s clear who is already on your side. (A few of us.) And who is not. (Nearly everyone else.)

Are owners of electric cars about to be whacked by soaring energy prices?

Not much, says the industry. Yes, says this from Carvine.

“The upcoming energy cap rise suggests that the electric revolution has sold us a lie,” it claims.

See Press Release

Are owners of electric cars about to be whacked by soaring energy prices?

Not much, says the industry. Yes, says this from Carvine.

“The upcoming energy cap rise suggests that the electric revolution has sold us a lie,” it claims.

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