The chancellor hinted at a possible U-turn on a tax on oil and gas providers, after repeatedly refusing to countenance the idea in the past when proposed by Labour and the Liberal Democrats. He also hinted at more help for consumers on energy bills later in the year.
It came as Keir Starmer branded Boris Johnson the "Comical Ali of the cost of living crisis", suggesting the government was in denial about the financial pressures facing households and bereft of new ideas.
Speaking to the Mumsnet website, Sunak said he had not gone down the road of a windfall tax because he did not want to put off investments in new oil and gas extraction, highlighting a recent £25bn investment by one company in the North Sea.
But he added: "What I would say is that if we don't see that type of investment coming forward and companies are not going to make those investments in our country and energy security, then of course that's something I would look at and nothing is ever off the table."
Only hours earlier, Dominic Raab had dismissed the idea of a windfall tax as "disastrous" and "damaging", while Johnson rejected it at yesterday's PMQs as a "tax on business".
However, the Tories are coming under intense pressure over their lack of ideas on how to deal with inflation running at more than 7% and energy bills spiking even higher.
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