§ Mr. Hooleyasked the Chancellor of the Exchequer if he will introduce a subsidy on paraffin for domestic heating, financed from a special levy on the windfall profits of the major oil companies.
§ Mr. Peter ReesNo.
§ Mr. Hooleyasked the Chancellor of the Exchequer if he will take steps to tax the windfall profits of the major oil companies arising from the sharp rise in world oil prices.
§ Mr. Peter ReesProfits of oil companies, howsoever they arise, are taxed.