Rishi Sunak understands public anger over ‘extraordinary’ Shell profits, No 10 says

Rishi Sunak “absolutely” understands people’s anger over Shell’s record profits at a time of soaring household energy bills, Downing Street has said.

No 10 also suggested that the oil giant should invest more of its record-breaking $40bn bonanza in the UK.

But the prime minister’s official spokesperson would not be drawn on calls for a higher windfall tax on energy firms, saying he was “not aware” of any plans to reform the levy.