← Kerr University  |  Daily News
Business & Politics · 4 Beginner · September 13, 2026

New Tax Idea to Help People Pay for Energy

New Tax Idea to Help People Pay for Energy
Photo: Wikimedia Commons via Wikimedia Commons

Listen

Vocabulary

tax /tæks/ noun
money that people or companies must give to the government
We pay tax so the government can build schools and roads.
bank /bæŋk/ noun
a business where people keep and borrow money
I keep my money safe at the bank.
energy /ˈɛnɚdʒi/ noun
power that makes things work, like heat and electricity
We need energy to turn on lights and heat our homes.
bill /bɪl/ noun
a piece of paper that shows how much money you must pay
I get an electricity bill every month.
billion /ˈbɪljən/ noun
the number one thousand million
That company is worth one billion dollars.
workers /ˈwɚkɚz/ noun
people who have jobs and earn money by working
The workers at the factory want better pay.

Article

Some people want to add a new tax on banks. This tax money could help people pay for heat and electricity. The money would come from banks, not from regular people.

What Is This Tax Idea?

Workers' groups say banks should pay more money to the government. They want the government to use this money to lower energy bills. Energy bills are the money people pay for gas and electricity in their homes.

How Much Money?

The groups think this tax could make nine billion pounds over four years. That is a lot of money. One billion is one thousand million. Four years is a long time to collect the money.

Why Do People Want This?

Many people are sad because their bills are very high. They do not have enough money to pay for heat in winter. Banks make a lot of money, so workers think banks should help.

What Do Leaders Think?

A leader named Burnham heard this idea. He listens to what workers want. Now people are talking about whether this is a good idea or not.

What Could Happen?

If the government says yes, families could pay less for energy. This would make life easier for people with small incomes. Banks might need to change how they work.

Discussion Questions

  1. Array
  2. Array
  3. Array
  4. Array
  5. Array

Open the full interactive lesson with tap-to-hear on every word →

Ready to speak English with real confidence?
Work 1-on-1 with Digby R. Kerr.
Claim Your Free 30-Min Class