Lost Seasider
Well-known member
I must be thick then.
I agree.
If facts are deemed ludicrous claims, how do the Daily Express and Daily Mail still exist?
The claims of £170bn excess profits may prove to be excessive in due course, But lets ignore the fact that energy companies have, and continue to make excess profits (when @bleach51 and @Dave62 studied the term was 'supernormal profits'
The issue is not whether they've making "excess profits" but where the profits are derived from.
North Sea gas total revenues were £12bn last year (that was a good year for them BTW), that's the order of magnitude we're talking about, maybe that'll double to £24bn this year, and that'll be taxed at 65%, but it's nowhere near £170bn.
If the £170bn figure is remotely accurate to anything, then it'll be 90% down to operations conducted outside the UK by the likes of BP/Shell, and if you think you can apply a windfall tax to that without them immediately leaving the country then you've got another thing coming.
The facts I listed are true and validated, so please explain how they are ludicrous. GBNews might help the uninformed
The only sense in which your "facts" are true is that it is true that those absurd claims have been made, quite what you think that adds to the debate is beyond me.