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Energy firms 'avoiding tax'

Power giants are using a legal loophole to avoid paying millions of pounds worth of tax, The Independent on Sunday has revealed. Scotia Gas, UK Power Networks and Electricity Northwest have reportedly saved £140 million between them in such deals.

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Minister's threat to hit energy firms 'like a ton of bricks'

The Survation poll found that more people blame the energy companies (59%) than either the current government (15%) or the previous Labour administration (15%) for the spiralling cost of gas and electricity.

Climate Change Minister Greg Barker looks at a scale model of a proposed turbine. Credit: Ben Birchall/PA Archive/Press Association Images

The poll came as energy minister Greg Barker promised to "come down like a ton of bricks" on energy companies which are stockpiling cash from customers' direct debits.

Unless customers ask for the money back, energy companies are able to hold on to sums from monthly payments in excess of the amount owed for power used, and are able to earn interest on the money while it is sitting in their accounts.

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