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Poining out ministers intergvened when the oil price crashed in 2014, he said: 'Do those who oppose a Levy now on free market grounds also believe that 2014 intervention was mistaken? We're not taking any options off the table.'Д«ut former minister Jeremy Hunt backed the idea, telling Sky: 'IвЂ™m pleased that the Chancellor has said all options are on the table because I find it very difficult to justify BP buying back ВЈ2.5 billion of shares because of a hike in the oil price.'ДЄnd former Treasury minister Jesse Norman also said it might be needed, saying the arguments against it were 'weak'. 'Who receives the dividend? Pensioners through their pension funds.В Investment has to be real, which is what I think Rishi (Sunak) will demand of all these companies and to see a roadmap towards that investment. Prime Minister Boris Johnson has come under pressure to introduce a one-off levy on firms which have benefited from globally high oil and gas prices and use the revenue to fund measures to ease the cost-of-living crisis on households struggling with rising billsД«ut he spoke about the impact this could have on elderly people, adding: 'If you apply a windfall tax, (companies) will probably have to reduce or take away their dividend. The Treasury seemed to make that as excruciatingly difficult as they possibly could.'Д®ducation Secretary Nadhim Zahawi told Sky's Sophy Ridge on Sunday the Cabinet is considering 'all the options' to combat the cost-of-living crisis. 'Spending money on nuclear power stations and offshore wind: fantastic. 'Boris wants to spend money on things that bring noticeable, tangible benefits in the long term,' a source told the Sunday Times. The Sunday Times reported that his senior aides believe it is 'unconservative' but if unavoidable the billions raised should be ploughed into new nuclear and wind technology, rather than helping families. However, he is reportedly resisting the tax, saying it should not be used to help families. Prime Minister Boris Johnson has come under pressure to introduce a one-off levy on firms which have benefited from globally high oil and gas prices and use the revenue to fund measures to ease the cost-of-living crisis on households struggling with rising bills. He isВ is examining plans for a 'Windfall Tax Lite' to appease Tory opponents of a one-off hit on oil and gas firms. Health Secretary Sajid Javid, Northern Ireland Secretary Brandon LewisВ and International Trade Secretary Anne-Marie TrevelyanВ became the latest senior Tories to caution against the move, despite it having widespread public support.Д¬hancellor Rishi Sunak has not ruled out introducing a tax, saying that businesses must show the scale of their investment in UK domestic fuel security. The Cabinet war over a windfall tax on energy firms making massive profits while families struggle with the soaring cost of living widened today as two more ministers came out against it.

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