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Where MPs Stand

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BP'S PROFITS

Early day motion 2379, tabled 29 October 2008 by John McDonnell (Labour). Signed by 25 members.

That this House notes BP's profits announcement of £6.8 billion in the third quarter of 2008, which represents a 148 per cent. increase in the rate of profit; further notes that this amounts to £70 million in profit per day or £3 million per hour; believes this to be an obscene level of profiteering; and therefore calls on the Government to take action to curb this gross excess, including through the options of a windfall tax, price controls or full public ownership.

Signatures by party: Labour 18, DUP 1, Independent 1, Liberal Democrat 1, Plaid Cymru 1, Respect 1, Scottish National Party 1, Social Democratic and Labour Party 1.