its world wide, it is not just here in britain. betweenjuly and september, shell s underlying profit was £8.2 billion, that compares £3.6 billion in the same period last year. so far this year, the energy giant has made £26 billion this year. families will find this obsene. they are really struggling. they are considering, how do we turn off the heating? how do we keep a roof over our children s heads and food on the tables this winter? that is why the government has to act. no more excuses, impose a higher windfall tax. when he was chancellor, rishi sunak introduced a 25% extra windfall tax on extraordinary profits, on top of the 40% tax oil and gas companies already pay on their uk operations. but some say these profits are so excessive that further taxes are now justified. companies like this do not always make this kind of money. there are plenty of lean periods, too. and wholesale prices have already come down from their high this year. shell has said it will invest
high oil and gas prices and the war in ukraine have all fed in to the increase. the figures have prompted calls for the tax on energy firms profits to be raised, to help people with bills. we ll have more on that in a moment, but first this report from our business correspondent marc ashdown 0ur energy pain is shell s gain. while we ve all been feelinghe teffects of rocketing wholesale gas and oil prices in our energy bills and at the petrol pump, companies like shell have enjoyed bumper profits. it is beyond ridiculous. something has to be done with shell just raking in huge money. taxing should be fairer amongst businesses. they should be paying more than they are. its world wide, it is not just here in britain. betweenjuly and september, shell s underlying profit was £8.2 billion, that compares £3.6 billion in the same period last year. so far this year, the energy giant has made £26 billion this year. families will find this obsene. they are really struggling. they are consider
in windfall tax in the uk, despite making global profits of nearly £26 billion so far this year. rishi sunak, who took over as prime minister on tuesday, had introduced the energy profits levy in may, when he was chancellor, to help pay for support for british households hit by the cost of living crisis. simonjack has simon jack has more simonjack has more details. the same high oil and gas prices that are squeezing household and businesses are creating bumper profits at the companies that sell it. shell made £8.2 billion in the three months to the end of september. that is more than double what it made last year and so far this year it has made £26 billion. and here is why. this is the oil price you can see there the spike after russia invaded ukraine remained high for several months before falling recently. this is gas
and justice. which he says should be based on law andjustice. remember, this which he says should be based on law and justice. remember, this is the president who eight months ago invaded a sovereign, independent nation, his neighbour, ukraine. steve rosenberg, many thanks, our russia editor, with the latest analysis there in moscow. the oil giant shell has paid no windfall tax in the uk, despite making global profits of nearly £26 billion so far this year. rishi sunak had introduced the energy profits levy in may when he was chancellor to help pay for support for british households hit by the cost of living crisis. today s news has prompted calls for increased taxes on the profits of energy firms. our business editor simonjack is here to explain more. the same high oil and gas prices that are squeezing household and businesses are creating bumper profits at the companies that sell it. shell made £8.2 billion in the three months to the end of september, that s more than double
going to happen. chris heaton harris said if stormont couldn t get back working, he would call an election when the deadline passed at midnight tonight. steve baker, his minister, said there would be absolutely no u turns on this issue. so, i think we can definitely expect an election to be cold here. at the moment, there is no real prospect of anything else happening. the fact that the deadline runs out means that the deadline runs out means that even after the deadline, the dup suddenly decide they want to get back to work, they couldn t because the deadline has gone, and so they still have to go into this new election period. so, i think the only option at this point is for an election, they could perhaps introduce legislation to delay it but i don t think that will happen, i think people will have to go to the polls. the energy giant shell has revealed a huge upswing in profits, making £8.2 billion betweenjuly and september. that s more than double what it made in the same period