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The Lib Dems have urged Boris Johnson’s government to close a loophole which peers fear would let illegal cash from Russia and other parts of the world into the UK.

Greg Hands was asked why Michael Gove made the promise if it is now considered a bad move.

"I think the office of Prime Minister is a privilege. And I think it requires morals, it requires integrity," he said.

"British politics has been taken to a very unusual place and most of that was just this week."

The feisty interview has been making the rounds on social media this morning.

Ed Miliband said it was "beggars belief" that the government wasn't levying a one-off windfall tax.

Munira Mirza hit out at Johnson's "inappropriate and partisan" slur.

“This announcement has created uncertainty and unpredictability and certainly no stability, so I’m not sure what the purpose of this move is … it’s an absolute breach of international law," an EU official has said.

One campaign group leader said she sees "little to no benefit for UK energy customers or taxpayers", and that "the only winners are the oil firm behind the project”.