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You’re the energy secretary. Yet you don’t seem to know that BP’s ‘excess profits’ come from its global oil trading division, which is not subject to UK ‘excess profits’ windfall tax, not from its North Sea activities, which are. Remarkable.
Ed Miliband@Ed_Miliband
It would be completely wrong for a Government to stand by and allow companies to make excess profits from a war. That’s why we’re taxing these windfall profits to help with the cost of living. And why the Tories, Reform and the SNP are utterly wrong to oppose the windfall tax.
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