BP results: Labour must properly tax obscene profits and reverse Winter Fuel Payment cut
The UK Government must close the loopholes in the windfall tax and use it to end the cruel cuts they have made to Winter Fuel Payments, say the Scottish Greens.
The call, from party Co-leader, Patrick Harvie, comes as oil giant BP has published results that show eye-watering profits of $2.3 billion for Q3 2024 alone.
Mr Harvie said:
“All over our country there are households and families dreading a long, cold winter while fossil fuel giants and polluters are making a killing.
“Shamefully, the Labour government has chosen to cut the Winter Fuel Allowance, plunging hundreds of thousands of pensioners into fuel poverty while companies like BP are celebrating obscene levels of profit.
“We can’t continue with business as usual if we are to have any kind of liveable future.
“It is time to tax that wealth properly and use it to lift people out of poverty, make the transformative investment we need in green energy and finally break the link between fossil fuel prices and household bills.”
