them six months, why? the time. you suggest you would freeze them six months, why? them six months, why? the big difference them six months, why? the big difference between them six months, why? the big difference between the - them six months, why? the big - difference between the government position and ours is about who pays. there is agreement. we said in the summer we should freeze the energy prices and the government said no at the time but now agree with us. that is fine, they will be frozen. and for longer. the crucial question is who pays. we have said the oil and gas companies that have made excess profits they did not expect to make, £170 billion in energy has been made in a way not expected. that should be used to contribute towards the cost. the government said it will not touch that, they do not want to touch the excess profits, so they will put it on borrowing which means the taxpayer will pay. if you are watching this today, the government says you will pay for th
richest to really don t need it. both the richest to really don t need it. both the right thing to do as far as you are concerned? andy burnham says keep the base rate of income tax where it is, we need that money. it where it is, we need that money. it is difficult to do that. labour needs is difficult to do that. labour needs to is difficult to do that. labour needs to rebalance the whole tax system. needs to rebalance the whole tax system, needs to look at wealth and it witi system, needs to look at wealth and it will certainly take that corporation tax money which rishi sunak corporation tax money which rishi sunak and corporation tax money which rishi sunak and put they should be taking that. sunak and put they should be taking that i sunak and put they should be taking that. i think the sense that those with the that. i think the sense that those with the broadest shoulders as rachei with the broadest shoulders as rachel wreaths keep saying, and the windfaii rache
the real difference here is who is going to pay for it. if you look at the oil and gas giants and excess profits, we know from the treasury s and documents that some £170 billion worth of excess profits over the next couple of years, and for the government to rule out looking at asking for a contribution from those excess profits is just wrong. every penny which has not made from a windfall tax is money that falls on taxpayers, so we think their approach to do that is wrong. the government s approach to do that is wrong. the government s believe, certainly the prime minister s believe, is by reducing tax to encourage investment and growth. part of that is finishing the cap on banking bonuses to attract more banks in the uk. what do you make of that? i think it is a strange priority to have to talk about bankers bonuses when everyone else is being urged to show pay restraint. in my role as a shadow treasury minister, i speak to
who will pay for it. if you look at the oil and gas giant excess profits, we know from the treasury documents some £170 billion worth of excess profits over the next couple of years, and for the government to rule out looking at asking for a contribution from those excess profits is just wrong. contribution from those excess profits isjust wrong. every contribution from those excess profits is just wrong. every penny thatis profits is just wrong. every penny that is not raised from a windfall tax is money that falls on taxpayers, so we think their approach to do that is wrong. let s talk to our political correspondent iain watson. politics basically picking up right where it left off. where it left off. yes, it is certainly where it left off. yes, it is certainly back where it left off. yes, it is certainly back with i where it left off. yes, it is certainly back with a i where it left off. yes, it is i certainly back with a vengeance. where it left off. yes, it is - certainly b
treasury documents there are £170 billion worth of excess profits in the next couple of years, and for the next couple of years, and for the government to rule out looking at asking for a contribution from those excess profits, we think it is just wrong. the those excess profits, we think it is just wrong- those excess profits, we think it is ust wronu. :, :, ,, just wrong. the death of the queen thrust the new just wrong. the death of the queen thrust the new prime just wrong. the death of the queen thrust the new prime minister, - just wrong. the death of the queen thrust the new prime minister, just| thrust the new prime minister, just two days into office, into an unexpected role. now, the funeral past, liz truss is headed to new york, along with other world leaders. president biden headed from london too. liz truss will meet him but i said a trade deal with the us, something she once hoped to see, will not happen anytime soon. liz truss will not happen anytime soon. l2 trus