Labour leader says policy for a windfall tax on energy is needed to reduce inflation
The government needs to spend another £12bn to maintain the scale of support pledged to help families cope with the cost of living crisis asThe economics thinktank said the additional funding would be needed to achieve the £24bn package of aid announced in May, largely because the forecast increase in energy prices over the next year has jumped from 95% to 141%.
Similarly, the cost of maintaining the £150 council tax rebate and £400 energy discount will now cost the government another £7bn if it wants to continue to cover around half the increase in costs a typical family will be hit by over the year.As prices of essentials including food, heating and fuel continues to rise, families on low incomes are facing more uncertainty and pressures.
He said: “Britain’s cost of living crisis is getting worse, leaving people scared about how they’ll get through the winter. 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.”
This led to criticism that Starmer, who was on holiday at the time, was letting them, rather than the Labour leadership, set the agenda.
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