BBC News - Live Blog: Reports in its 1.44pm post the following, " No 10 rules out another windfall tax on oil and gas companies....Downing Street says the current windfall tax - introduced by then Chancellor Rishi Sunak - on the soaring profits of large oil and gas firms will not be scrapped. But it is ruling out further such measures. "
Lets Get Real:
It has been a hectic day for the new PM, she has appointed her Cabinet, they are nearly all friends of Truss or supported her in the leadership campaign, in fact many were contenders themselves for the top job. It always wise to keep the opposition close, you can see when there are problems if they will be loyal. The main rival, Rishi Sunak does not get a job and his supporters are also out at Cabinet level. Will be interesting to see when it comes to Ministers of State. Today was the first PMQs for Truss, she did well, none of the fun or bombast of Boris, sometimes you need a more steady hand after someone like Boris. The PM has shown she is a FIRM Conservative, there will be no windfall tax on energy companies, that draws a clear line with LABOUR. They want to tax everything in sight! The big government statement on the energy freeze will come tomorrow and and will be presented by the PM. One hopes that there will be a cap on energy prices that helps individuals and smaller companies, the cost has been trailed at one hundred billion, the PM has to be CLEAR, we are in STATE of Emergency, with coming out of Covid - 19 and the present WAR in Europe, this will rise the cost of gas and also push inflation up. Thus the PM has to go BIG, the cost will be placed on the credit card of the UK. This will take decades to pay off, but the cost of supporting people at home and support for the Ukraine, means the UK has no choice. The PM was clear in her support for the Northern Ireland Protocol Bill if talks with the EU do not work out, and also the issue cannot be thrown in to the long grass, thus the UK might have to go in to a TRADE WAR with the EU. A good first day for Truss.
