James Murray

James Murray

Labour (Co-op) — Ealing North

Speaking in the House of Commons on 1 December 2025

Debate

Office for Budget Responsibility Forecasts

Contribution

The right hon. Gentleman talks about the energy profits levy. Let me be clear: we know that oil and gas have a role to play in our energy mix for many years to come. We want to support that industry while we make the transition to clean power, and that is the role that the energy profits levy will play. We set out at the Budget how the energy profits levy will come to an end in 2030, or sooner if the price floor is triggered.

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