By Paul Homewood
From The Times:
The chancellor is preparing to impose a windfall tax on electricity firms within weeks despite provoking a furious backlash from business yesterday by launching a £5 billion raid on North Sea oil and gas producers.
Rishi Sunak yesterday abandoned months of opposition to a windfall tax by announcing a new 25 per cent levy on the “extraordinary profits” that oil and gas companies are making after prices surged, partly driven by Russia’s invasion of Ukraine.
Defending the U-turn to fund relief for consumers facing record energy bills, Sunak declared: “We all make mistakes and being able to change course is not a weakness, it is a strength.”
The chancellor threatened to extend the levy to power-plant owners, saying that “certain parts of the electricity-generation sector are also making extraordinary profits” and that he was “urgently evaluating” the scale of these profits, and the steps…
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Utopia, you are standing in it! 
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