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Grease our palms with oil tax

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The Observer: Grease our palms with oil tax

  • Sunday May 4 2008

If people are so outraged by the huge profits collected by the oil companies, may I suggest a neat solution that also has the attraction of redistributing wealth where it is most needed. Why doesn’t the government penalise our oil majors, BP and Shell, via a windfall tax and use the money to repay taxpayers who have forked out £25bn to rescue Northern Rock? That way the much reviled oil companies are cut down to size and the government wins popular support – sorely needed after its dismal local election results.

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