Unions call for windfall tax on foreign energy suppliers

Unions call for windfall tax on foreign energy suppliers

Consumer groups call for Alistair Darling to hit overseas household power companies with a levy after more price hikes

Pressure groups have called for the chancellor to hit energy suppliers with a
windfall tax in response to a major price hike.

French utility company EDF announced that gas bills would be increasing by
12.9% and customer’s electricty bills would go up by 7.9%.

Union leaders called the rises excessive – and urged Alastair Darling to slap
a windfall tax on foreign owned firms like EDF and German-based npower.

EDF’s move comes after npower led the way last week by being the first to
raise its prices.

Further reading:

Treasury
toll blamed for energy price hike

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article