To: Chancellor Rachel Reeves
Raise taxes on companies profiteering from Iran war
Tax excess profits on companies profiteering from the Iran war to fund urgent cost of living support.
Why is this important?
Millions across the UK are already struggling just to get by. Bills are rising, wages aren’t keeping up, and families are being pushed to the brink. As the impacts of the Iran war ripple through the global economy, things are set to get even worse.
This illegal war has caused chaos, devastation and instability, and now it’s driving up the cost of fuel, food and everyday essentials here at home. Households are already feeling the pressure from rising fuel prices and further disruption is on the way.
But while ordinary people are being squeezed, some corporations are set to cash in.
Oil and gas giants, big banks, industrial agriculture companies and defence companies are likely to make RECORD profits from the crisis, profits made possible by soaring prices and global instability.
No company should be allowed to profiteer from a crisis leaving millions struggling to afford the basics. That’s why the Government must introduce bigger taxes on companies making eye-watering profits off the back of the Iran war, and use the money raised to provide direct cost of living support and head-off the next crisis by investing in renewable energy.
This is a chance to stand up for fairness, support people through a national crisis, and build a more secure future.
Signed,
The British Public
