How will lamentable Boris deal with crisis?

A COST of living crisis looms, with working people’s taxes and National Insurance to be hiked up from April. Inflation could be super-charged by the widely expected 50 percent-plus rise in energy costs this year due to the gas price crisis.

That would throw many, many more into poverty in Nottinghamshire and across the country.

How then does our Prime Minister describe the modest idea of a temporary stop to the 5 percent VAT? “A blunt instrument” (despite declaring it as a Brexit dividend in his referendum campaign).

So, where could Mr Johnson and his lamentable Government turn to protect us? Easy: the North Sea gas producers are expecting nearrecord cashflows in the current year of around £15bn, thanks to collecting at the obligatory, rocketed world prices.

Exact profit levels are, of course, hard to say, for their corporate tax-minimising purposes, but this situation cries out for a windfall tax on these producers. For one year at least, that could replace both the 5 percent VAT and all of the “green tax element” of bills, and still leave plenty of Government revenue from the collected tax, to lift consumers’ carbon reduction subsidies from their current minimal levels.

Please ask your MP if she/he will support this. If they are Conservative, also ask if they feel constrained by the fact that oil/gaslinked individuals and companies gave their party £400,000 in the last year, according to the Electoral Commission (one of those awkward elements that the UK Government plan to muzzle, by the way).

Richard Birmingham Bow