WINDFALL LEVY ON ENERGY COMPANIES

Early day motion 1068, tabled 27 February 2008 by Lindsay Hoyle (Labour). Signed by 39 members.

That this House notes with concern the decision taken by a number of energy companies to increase prices by in the region of 15 per cent.; further notes that energy companies continue to make huge profits with British Gas announcing profits in excess of £500 million for the past year; recognises that while energy companies satisfy shareholders the consumer is left to suffer, in particular those on low incomes and fixed incomes; and calls on the Government to impose a windfall levy on the privatised energy companies and use the money to increase the winter fuel payment payable to pensioners.

Signatures by party: Labour 30, Liberal Democrat 5, Social Democratic and Labour Party 2, Independent 1, UUP 1.