Ten Things You Need to Know Today: 18 May 2022

The Week’s daily digest of the news agenda, published at 8am

1. Ministers ‘warm to windfall tax’

The government is warming to the idea of introducing a windfall tax on oil and gas companies after discovering the move would be “wildly popular” with the public, said The Telegraph. Voter research conducted in Whitehall has found that as many as eight in ten people back the tax raid on energy companies with increased profits. Focus groups also found that voters consider oil and gas companies to be “corporate cowboys”. The paper added that the findings help explain why Rishi Sunak has “kept the door open” for a one-off windfall tax, a move that his party “traditionally opposes”.

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