How Labour Would Tackle the Energy Crisis
The Chancellor wants to load costs on taxpayers with a buy now, pay later scheme – while Labour will keep bills low with a windfall tax on North Sea oil and gas producers with booming profits, writes local Labour member and Women’s Officer, Sue Hoyle.
In the midst of a cost of living crisis, the Government’s proposals will leave families in Britain paying hundreds of pounds more as a result of the breathtaking rise in energy prices. It will be of little comfort to many.
The Conservatives are choosing to give companies loans and land all of the eventual costs with bill payers – whereas Labour would raise the money now through a windfall tax on North Sea oil and gas profits cutting bills now and keeping bills low in the future.
Labour would raise money to keep bills low through a one-off windfall tax on oil and gas profits, to support all households, with households typically getting £200 off their bills.
Labour’s plan will get £600 to the lowest income households while the Conservatives will only give them £350.
The Conservatives don’t have an answer to the cost of living crisis because they are the cost of living crisis.
This post is Official Labour Party Policy