What leaning does the government that introduced the Windfall Tax have?
Windfall Tax (United Kingdom) The Windfall Tax was a tax on what were claimed to be "the excess profits of the privatised utilities" and was introduced by the Labour government of Tony Blair in 1997. It followed from their manifesto commitment made during the 1997 general election campaign to impose a "windfall levy" on the privatised utilities. The tax came after 18 years of Conservative government, which had seen the privatization of many state-owned assets, at prices which many considered too low. It aimed to "put right the bad deal which customers and taxpayers got from the privatisation of the utilities". The tax produced an estimated one off income to the government of £5 billion, which was used to fund the New Deal, a welfare-to-work program that sought to tackle long-term unemployment, as well as providing capital investment for schools and the University for Industry (Learndirect).
Minister of Finance (India) The Minister of Finance (or simply, finance minister) is the head of the Ministry of Finance of the Government of India. One of the senior-most offices in the Union Cabinet, the finance minister is responsible for the fiscal policy of the government. As part of this, a key duty of the Finance Minister is to present the annual Union Budget in Parliament, which details the government's plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines the allocations to different ministries and departments. Occasionally, he is assisted by the Minister of State for Finance and the lower-ranked Deputy Minister of Finance.