BusinessCompany NewsUnions 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

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