Gillian Ambrose

speaker

83 appearances 1 recordings 1 series first heard May 2026 last heard 7 May

Gillian Ambrose’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.

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Today in Focus · Outrage as oil giants profit billions from Iran war – The Latest · 7 May 2026 podcast

I think Shell, it's probably less than 10% at this stage.

BP maybe even lower.

So we are not able to claw back as much as people imagine when they see those giant profit figures.

And for the Treasury, they also need to weigh up the financial pain that they could impose on these companies for a relatively small gain when they are still major employers.

I think BP employs something like 17,000 people in the UK.

Shell is probably close to 10,000.

And the industry as a whole employs, I mean, hundreds of thousands of people.

So they will be weighing up the relationship they have with those companies.

Do they want these companies to stay domiciled in the UK or do they want to extract what would be a relatively small amount from these windfall taxes?

Yeah, I think the windfall tax will yield results.

They will have significantly higher takings in any environment because they always take a percentage of those profits, right?

So if they're making higher profits, the Treasury will be getting higher receipts.

What they do with those receipts is where things get interesting.

I think what we'd all like to see is some of this money returning to the consumers who need it most.

And there's a lot of talk about how to do that.

Help with energy bills, social tariff.

I think my personal request, if I'm allowed to use this podcast for that purpose.

I think it would be fantastic to see debt written off.

There's a record amount of debt being shouldered by households at the moment to their energy suppliers on energy bills.

And if you wrote off some of that by using these windfall tax receipts.

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