PM rules out windfall tax despite BP reporting pre-tax profits of £5bn

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PM rules out windfall tax despite BP reporting pre-tax profits of £5bn
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BORIS Johnson last night ruled out a windfall tax again – despite BP reporting vast pre-tax profits of £5billion yesterday. The PM insisted it would put jobs at risk and hurt investment at th…

said: "If you put a windfall tax on the energy companies, what that means is that you discourage them from making the investments that we want to see that will, in the end, keep energy prices lower for everybody."for the first quarter of the year alone - more than double for the same period last year.

Its CEO Bernard Looney said it would plug billions of pounds of cash into the UK and would be "backing Britain" no matter what - even if there were a windfall tax.

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