In an urgent question to the chancellor, Rachel Reeves accused the government of a “sleight of hand”, telling the House of Commons that the windfall tax  alongside the tax incentive for energy companies will allow “a third or more of any revenue” to be “handed back”.

Frazer brushed off the criticism, telling the House that Labour has “made £100 billion of spending commitments with less than £10 billion fully funded”.

The government also came under from the Green Party’s Caroline Lucas for “handing an 80% tax break to the dirty, dangerous and outdated energy of the past” six months after COP26.