to focus our own domestic energy supply. because we re trying to cut ties with places like russia and our dependence on places like russia for oil and gas. when shell and bp announced their record profits earlier this year, at the same time, they announced a big increase in the dividend payments. and also, share buyback schemes. they did announce the stock future investments. but this is exactly the point, sophie. the big profits they re making at the moment, they re not channeling that into new investments. instead, they are using that money to further push up their share prices. we ve also seen big bonuses for the executives at these companies. so, it s not clear to me that these profits are being channeled into investment. but instead, into further inflating their share prices. when i first said there should be windfall tax back in january, we thought it would raise about
defending, effectively saying he needs to sort out long term funding for the nhs and social clear care. and specifically what that tax is the same to do. it feels like i m in some kind of parallel universe, where labor is arguing against a tax rise for the nhs. what s going on? originally, you ll remember sophie the chancellor and prime minister said that national insurance contribution rice was to fix the social care problem. but we now know there s gonna be no new money for social care in this parliament. then they said it was to reduce and h s waiting times. but there s no credible plan to do that in this parliament. and all the while, we know that the government are wasting billions of pounds out of taxpayers money, just in the last few days. we ve heard shocking stories that 8.7 billion pounds over spent in ppe procurements, including ppe that could even be used by the nhs. and now the government are burning. taxpayers money literally going up in flames. so, you can t help wonde
this is obviously a case which will raise concern among many people. it s been a year where we ve had serious cases of violence against women and girls. it s just over a year since the killing of sarah everett. other cases like subpoena as well. obviously, that will raise fears and concerns. like i say, 22 year old man is being searched for in connection with this killing of a teenager here in the student flats in central london. okay, thank you so much. let s have a look at what s coming up and a half passing. political show. sophie rich is back. she s in west minister, standing back. what have you got for us, so? morning, kamala. the today, the focus is as always of course, on ukraine. with many guests talking about the bunk argument that we re seeing in some of those strategic cities. we re also going to be looking at the impact on the united kingdom, because next week, is
that s it from me this morning. have a great sunday. up next, sophie talks to the chancellor. and of course, throughout the day, more of the latest of the russian invasion of the ukraine. turns out everyone does sound better in the shower. and it turns out the general is a quality insurance company that s been saving people money for nearly 60 years. for a great low rate, and nearly 60 years of quality coverage, go with the general.
is so high? first of all, sophie, i think that this is the wrong tax at the wrong time. in the middle of a cost of living crisis, we shouldn t be increasing taxes. the chancellor keeps giving interviews and speeches saying he s a low tax chancellor. well, prove it on wednesday. reverse this national in for sure it s contribution rights and cut that on glass and electricity bills to help people across a lift in crisis. i know chancellors have to make difficult decisions. they have to count for every penny of taxpayer money. if you are going to increase taxes, you should ask people with broader shoulders to make bigger contributions. the chancellor is not doing this with the national insurance increase rise. that s why say it s the wrong tax at the wrong time. do you think richie sunak s should cut fuel duty? sorry, i didn t hear that question, so. he should richie sunak cut fuel duty? if the chancellor reduces feel duty, we will stand in his way. but even a five pound reductio