Petition · past parliament · HM Treasury
Introduce a windfall tax on pharmaceutical companies’ Covid-19 related profits
Closed
1,280 signatures
What the petition asks
A small number of very large companies are effectively operating a monopoly on covid-19 vaccines and treatments. A recent estimate suggests Pfizer, BioNTech & Moderna were making combined profits of over $1000/second. The proceeds of a windfall tax could be used to address the cost of living crisis.
Obscene profits are being made from covid-19 vaccines and treatments by a very small number of pharmaceutical companies. Unlike energy companies, patent protections mean there is no "free market" operating, and it's effectively a monopoly. Meanwhile, millions of people across the UK are facing poverty and having to decide whether to spend their money on "heating or eating". It's time to help address this imbalance via a windfall tax on these companies.
Timeline
| 6 Jun 2022 | Petition opened for signatures |
| 20 Dec 2022 | Closed to new signatures |
Key facts
Signatures
1,280
Status
Closed
Department
HM Treasury
Opened
6 Jun 2022
Closed
20 Dec 2022
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Source: the official petition page. Last checked 15 Jul 2026.