I have heard from many constituents who are very worried about the planned increase to the energy price cap later this month and how they are going to make ends meet this winter.
Labour wouldn’t let people pay a penny more on their winter fuel bills and have put forward a fully-funded £29bn plan that would:
- Freeze energy bills for all domestic energy customers
- Increase the windfall tax on the oil and gas producers and close costly loopholes
- Make sure that price people on prepayments meters are not penalised compared to those who pay their bills monthly.
These plans would prevent the energy price cap rising through the winter, paid for by extra tax from oil and gas giants who are making eye-watering profits.
This would save the typical family £1,000 now, get energy costs under control for the future and also reduce inflation.
The bold and fully-funded emergency package we have announced would also reduce energy demand, lower bills in the longer term and create new jobs by insulating 19 million homes across the country over the next decade through Labour’s Warm Homes Plan.
We originally urged the government to implement this plan a year ago. If they’d acted, they could have insulated 2 million of the coldest homes by this winter – saving the typical household an additional £1,000 every year on their energy bills.
Freezing the price cap will bring inflation down by 4%, making future interest rate rises less likely and easing the burden on households and businesses.
Our existing policies would also secure our energy supply to make sure we’re protected against future shocks and build Britain’s energy independence.
Labour would stop bills rising now, and create sustainable energy for the future – helping people get through the winter while providing the foundations for a stronger, more secure economy.
Worryingly, this zombie Tory government and the two candidates for Prime Minister have no plan to address the scale of this crisis.
Only Labour can give Britain the fresh start that it needs.
I know that the coming months are likely to be very difficult for many of my constituents, so please get in touch if you’d like to share your experiences, or if you think there is anything I can do to help, my email is Karl.Turner.MP@Parliament.uk