Rolling coverage of the latest economic and financial news
- Underlying profits rise to $6.2bn in last quarter
- But takes $25.5bn charge for exiting Russia
- High energy prices leave oil giants untroubled by Russia exit or tax hints
- ‘I can’t see it getting any better’: could the UK be heading for a recession?
- EU claims Apple breaking competition law over contactless payments
- EU comes to the crunch over Russia’s demands to pay roubles for gas
Liberal Democrat Leader Ed Davey is also calling for a windfall tax on energy firms:
“The Conservative government’s refusal to introduce a windfall tax on the super profits of oil companies is becoming impossible to justify.
BP is raking in eye-watering profits while millions of people struggle to pay the bills. It is an unforgivable lack of leadership from Boris Johnson at a time of national crisis.
