Labour would have acted to tackle fuel poverty and the cost of living crisis
To address the immediate crisis, Labour would bring in fully-funded measures now to reduce the price rises that came in this month – that would save most households around £200 or more, and we would have targeted extra support to squeezed middle, pensioners and the lowest earners, who would have received up to £600 off bills and prevented all of the increase in energy bills currently expected.
Labour would pay for this with a one-off windfall tax on North Sea Oil and Gas producers who have profited from price rises.
Labour would make long term changes so that hard-working people are better off by:
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Reducing Britain’s reliance on imported gas by accelerating home-grown renewables and new nuclear.
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Making sure 19 million homes are warm and well-insulated, saving households an average of £400 a year on bills.
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Regulating the market better, with a pledge to never again let energy companies play fast and loose with the rules.