Ten Things You Need to Know Today: 4 May 2022

The Week’s daily digest of the news agenda, published at 8am

1. BP profits put pressure on PM

Calls for a windfall tax on energy giants have grown after BP reported that its profits more than doubled in the first three months of this year after oil and gas prices soared. The company reported an underlying profit of $6.2bn (£4.9bn) compared to $2.6bn in the same period last year – ahead of expectations. Shadow Climate Change and Net Zero Secretary Ed Miliband said Boris Johnson’s refusal to levy a windfall tax to help cut energy is “deeply wrong, unfair and tells you all you need to know about whose side this government is on”.

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