The leader of the Labor Party claims that his party’s £29 billion energy plan will immediately save the average household £1,000, bring energy bills under control for the future, and combat inflation.
Before a complete announcement on Monday, the Labor leader asserts that his party’s £29 billion energy plan will immediately save the average household £1,000, bring energy bills under control in the future, and combat inflation.
This will be accomplished, according to the party, by keeping the energy cap from increasing this winter, which will be paid for by an additional tax on oil and gas companies.
The measures included in Labor’s “emergency package” are:
• Freezing the price ceiling, which according to the party will decrease inflation by 4%
• Equalizing the pricing for customers with prepayment meters and monthly bill payers
• Eliminating an exemption in the government’s energy earnings tax
• A commitment to use the already allocated £14 billion in unrestricted financing to prevent rising costs.