John Healey has said that families across Rotherham and Barnsley would save £1,000 on energy bills this winter under Labour plans to address the Tory cost of living crisis.
The party’s plan to stop bills rising this winter would save the typical family £1,000 now, get energy costs under control for the future and help tackle inflation.
The fully-funded £29bn plan 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.
The emergency package announced by Keir Starmer would reduce energy demand and lower bills in the longer term by insulating 19 million homes across the country over the next decade through Labour’s Warm Homes Plan.
Labour 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.
John Healey said: “People across Rotherham and Barnsley are scared about how they’ll get through this winter. Britain shouldn’t be a country where millions of people are struggling to get by on a day-to-day basis.
“Labour’s plan to save households £1,000 this winter and invest in sustainable British energy to bring bills down in the long-term is a direct response to the national economic emergency that is leaving families fearing for the future.
“The Conservatives have been in government for the past 12 years and it’s clear to see that they’ve failed to prepare. Not only that, but they’ve also refused to invest properly which has resulted in higher energy bills leaving our country less secure.
“People rightly expect the Government to do more, and they need help now with the spiralling costs as well as a plan for the future. Labour’s fully-funded plan would fix the problems immediately and for the future – helping people get through the winter while providing the foundations for a stronger, more secure economy. Only Labour can give Britain the fresh start it needs.”
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.
Further plans include a plan to secure our energy supply to make sure we’re protected against future shocks and build Britain’s energy independence.