Labour wouldn’t let people pay a penny more on their winter fuel bill as the party unveiled plan 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.

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 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.

Rachel Hopkins MP said:

“Over the past 12 years, Tory governments have failed to secure our energy supplies, leaving bills higher and our country less secure. They have put the profits of oil and gas giants before the British people.

Labour’s fully-funded plan would stop bills rising now and create sustainable energy for the future. We are committed to helping people get through the winter while also building the foundations for a stronger, more secure economy.”