It remains to be seen what effect the proposed Windfall
taxes will have on future investment in the mining industry which contributed 10% to the country's GDP in 2009.
Mr Woodley said a windfall
tax, and higher taxes on those able to afford them, would help Labour draw "clear red lines" in the run up to the general election.
But Chancellor Alistair Darling cautioned against a windfall
tax yesterday, saying the Government's ambitions to invest in green energy and alternatives to oil and gas depended on "continuous investment over many years" from the power companies.
Opponents warn firms could merely pass on costs to customers if hit with a windfall
tax - making things worse for struggling families.
This multi-million pound windfall
should be used to protect the most vulnerable from fuel poverty.
But the Times said there was growing tension within the government over a windfall
tax, with Business Secretary John Hutton leading the campaign against such a tax.
A Downing Street source said: "The idea of windfall
tax is being kicked around at the moment.
UK power companies stand to gain windfall
profits of billions of pounds from Europe's Emissions Trading Scheme (ETS), according to a new report.
Councillor Eric Collins, leader of the minority Labour Group on Solihull Council, said today: "This unexpected windfall
could go towards helping to replace some of the cuts made in social services, public works and education expenditure.
This is because it results in recording windfall
tax benefits to APIC sooner than the with-and-without approach and thus provides a larger pool to offset future shortfalls.
The BUSD also will enjoy a windfall
from Sacramento -- an estimated $4 million for the 15,000-student district.
NBA star Bobby Simmons also knows what it's like to manage a huge windfall