Part of 1. Questions to the Minister for Social Justice – in the Senedd at 1:58 pm on 9 February 2022.
Minister, the Tory cost-of-living crisis is impacting on every single household in Islwyn. Yet, while some Islwyn residents have to choose between eating or heating, yesterday, oil giant BP announced its highest profits for eight years: £9.5 billion. Last week, Shell announced profits of £14.3 billion, which analysts believe will grow to £23.6 billion by the end of the financial year in June. The Tories' unregulated capitalism is causing huge suffering for the people of Wales, whilst we await UK legislation on money laundering, offshore accounting and fraud. And, in contrast, the Welsh Labour Government's announcement of the expansion of the winter fuel support scheme, doubling the one-off payment to £200, is the sort of active mitigating measures that people need. Minister, BP's chief executive Bernard Looney has said himself that BP has become a cash machine. Therefore, what consideration has the Welsh Government given to making representations to the UK Tory Government to introduce a windfall tax on energy companies, to stand up for Welsh families who are suffering as multinational energy corporations enjoy excessive profits at a time of a national debt crisis?