World
Record fuel prices across EU prompt calls for bloc-wide windfall tax on firms
German minister says companies are ‘exploiting situation’ in Middle East, as sky-high prices become major domestic issue for leaders
European governments have discussed imposing a bloc-wide windfall tax on energy companies, as near-record fuel and gas prices pile pressure on leaders desperate to contain mounting public discontent and the challenge of the far right.
With elections due next year in eight EU countries including France, Italy, Spain and Poland, leaders are scrambling to head off the potential fallout from what analysts have warned could be one of the continent’s biggest energy shocks in decades.
