EU hits energy companies with £120,000,000,000 windfall tax
EU hits energy companies with £120,000,000,000 windfall tax
Energy companies have reported staggering profits during the crisis (Picture: Reuters)
Europe is to impose a windfall tax on energy firms to ease the pressure on households and businesses from surging prices this winter.
European Commission president Ursula von der Leyen revealed the bloc hoped to raise more than €140billion (£121billion) which would be spread across the 27 member countries.
She…