Sunak accuses the IT system of not increasing benefits
The Chancellor said he was “pragmatic” about the idea of introducing a windfall tax, as the Prime Minister refused to rule out targeting energy companies to help ease the cost of living crisis.
It comes as he also said the government’s IT system would not let him increase benefits further this year in response to the cost of living crisis.
Rishi Sunak reportedly told Treasury officials to review plans for a tax on oil and gas giants’ growing profits as financial pressures continue to weigh on people across the country.
Speaking to the BBC on Thursday, the Chancellor said he was not “naturally drawn” to windfall taxes, but was “pragmatic” about the idea.
“I find there are two camps of people, really: there are people who think windfall taxes can never be the answer, and then there are other people who think windfall taxes are an easy, quick and simple response to resolve any issues,” he said. said.
“I’m not into any of those schools of thought, I’m pragmatic about it. Like I said, I’m not naturally drawn to the idea of them.
This follows BP chief executive Bernard Looney’s admission that his company’s investment plans would not be affected by a windfall tax.
Bloomberg UK tweeted an interview with the Chancellor and added: “Rishi Sunak says the government’s IT system won’t let him increase benefits further this year in response to the cost of living crisis. The Chancellor acknowledges that “the technical problems sound like an excuse.
It seems the wheels on one or all of his many cars have come off for Sunak lately, and these comments won’t help his cause:
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