In an attempt to help truckers and farmers hit hard by high fuel prices, Britain’s Chancellor Gordon Brown is looking into plans to skim some money off the top of oil company profits.
According to the London Daily Mail, Brown is preparing to link tax rates more closely to the profitability of North Sea oilfields in a move that would vastly increase Treasury revenues.
It’s possible that Brown could include the move in his pre-Budget report on Wednesday, when he is expected to unveil a financial aid package aimed at fuel price protestors.
Money obtained by squeezing the profits of oil companies would be channelled various ways, including lowering road taxes for truckers, the Mail reported.
Apparently, Brown’s determination was intensified Thursday when Shell reported record profits thanks to soaring world oil prices, announcing an 80 percent jump in earnings for the last three months.
Last week the four largest U.S. oil companies reported profits up by as much as 135 percent.
British Chancellor Sets Sights on Oil Company Profits
In an attempt to help truckers and farmers hit hard by high fuel prices, Britain’s Chancellor Gordon Brown is looking into plans to skim some money off the top of oil company profits
More Equipment

New High-Horsepower Natural Gas Engine Could Expand Fleet Options
Westport and Volvo are demonstrating a 500-hp truck with diesel-like efficiency — one that also offers what Westport says is a better pathway to using hydrogen fuel in trucks.
Read More →
Hirschbach Announces Plan to Deploy 500 Aurora Autonomous Trucks
Hirschbach and Aurora Innovation have inked a non-binding deal outlining a path to deploy 500 Aurora Driver-powered trucks into fleet operations.
Read More →
Bosch, Kodiak AI Advance Toward Scaled Production of Autonomous Truck Hardware
New sensor integrations and component validation signal a shift from strategy to execution as Kodiak and Bosch push toward high-volume driverless truck deployment.
Read More →
Great American Trucks: REO
The evolution of the modern truck was a long, slow affair. But perhaps no other company did more to establish the template for what a modern truck should be, and how it should perform, than REO.
Read More →
Western Star Doubles Down on Driver Pride With 2026 Star Nation Experience
Western Star has expanded its operator-focused Star Nation competition and outreach to spotlight skill, attract new drivers, and strengthen industry ties.
Read More →
Is the All-New VNR Volvo's Safest Truck Ever?
The all-new Volvo VNR is jam-packed with advanced safety features. Join HDT for a first-hand look at how Volvo is keeping drivers safer and productive on the road.
Read More →
Volvo Redesigns the VNR With Drivers and Tight Turns in Mind
At Volvo’s New River Valley customer center, the all-new VNR proves that maneuverability, safety, and driver confidence can coexist in a regional-haul workhorse.
Read More →
FTR: Trailer Orders Jump in March, but Demand Still Lags
March trailer orders posted an unexpected monthly jump, but demand still trails historical norms as fleets prioritize power units over trailing equipment.
Read More →
Autonomous Start-Up Humble Announces Cabless Autonomous Electric Hauler
A new autonomous truck startup company is targeting yard, port, and short-haul freight with a lighter, fully autonomous platform designed for dock-to-dock moves.
Read More →
Top Green Fleets of 2026: Nomination Deadline Extended
Is your company a leader in sustainability efforts among trucking fleets? If so, Heavy Duty Trucking's editors want to hear from you.
Read More →
