In response to Kwasi Kwarteng’s announcements in the Commons this morning, Rebcca Newsom, Head of Politics for Greenpeace UK, said:

“Failing to properly tax the obscene profits of fossil fuel giants and encouraging bankers to get richer is reckless and unfair. Rather than seeking to deregulate and attack those on benefits, the new Chancellor should be looking for ways to raise taxes on those profiting from the crisis. This could help fund emergency support for households, and cover the vital investment needed in home insulation to help cut our energy bills and climate emissions once and for all. Ministers are ignoring common-sense, win-win solutions to bring down bills and carbon emissions – things like stopping energy waste, heat-pumps and solar panels. Instead of boosting the economy through investments in green infrastructure, public services and skills training, the government’s plan is little more than a charter for fossil fuel profits and casino capitalism.”