Energy giants must act to avoid windfall tax, Brown warns

by Julie Walsh on March 6, 2008

Gordon Brown warned yesterday that energy companies could still face a windfall tax unless they offered a much bigger rebate for the poor and pensioners facing big rises in fuel bills.

The prime minister was being questioned in the Commons by David Marshall, Labour MP for Glasgow East, a week before the budget as pressure grows from MPs for action against energy firms. The companies have hit back by warning that a windfall tax could affect their commitment to investment in renewable energy.

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