Thank you for contacting me about a windfall tax.
The Prime Minister, as Chancellor, introduced the current windfall tax on energy producers which is raising £5 billion and is designed to encourage them to invest in the UK.
Regarding this tax going forward, and how revenue from this source could be expanded, these are clearly tough decisions and I know the Chancellor and the Prime Minister will be looking at everything.
I would not pre-empt any decisions but the Chancellor is due to present a full Autumn Statement, on tax and spend plans, on November 17.
The governments is committed to providing support to all people during this economic crisis, and this will form the basis of all decisions ahead of the statement.
Once again, thank you for taking the time to write. If you require any further assistance, then please do not hesitate to get in touch.
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