Labour vows to freeze fuel bills

Keir Stamer said today that Labour “wouldn’t let people pay a penny more” on their winter fuel bill as he unveiled the party’s plan to address the Tory cost of living crisis

The Labour leader said that 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.

Labour’s 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.

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.

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.

Peter Dowd MP said:

“Twelve years of Tory Governments have consistently failed to prepare and refused to invest.

This is most evident in the complete lack of willingness to acknowledge the current spiralling energy prices that will affect many families in Bootle, some of which have already found themselves on the breadline under this Government.

Enough is enough, we need a Labour Government to tackle this crisis before any more damage is done.”