UK will tax soaring BP profits from Iran war, says Ed Miliband

UK will tax soaring BP profits from Iran war, says Ed Miliband Ed Miliband, the UK's energy and net zero minister, has said his government will tax windfall profits for companies like BP to help with the cost of living crisis fuelled by the war on Iran. Responding to news that BP's profits had more than doubled as the war on Iran spiked oil prices, Miliband initially said in a social media post that, "Profiting from a crisis is morally and economically wrong. " He then appeared to delete this message, rephrasing it as: "It would be completely wrong for a government to stand by and allow companies to make excess profits from a war.