Stephen Morgan has backed Labour’s plan that would save a typical family £1,000 on their energy bills 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.
The Member of Parliament for Portsmouth South, Stephen Morgan, said:
“Britain’s cost of living crisis is getting worse and people in Portsmouth are scared about how they’ll get through the winter.
“Labour has a £29bn plan to stop bills going up this winter and typically saving households £1,000, paid for by taxing oil and gas producers who are making record profits.
“Labour would make sure bills come down in the long term, too. We’ll invest more in sustainable, British, energy sources so we won’t have to rely on expensive fossil fuels. Our Warm Homes Plan will also insulate millions more homes to reduce the amount of energy we need and save more money off bills.
“The Conservatives have lost control of the economy, and Portsmouth people are paying the price. Labour has the vision and the ambition to steer us out of this mess and get Britain going again.”
Keir Starmer MP, Leader of the Labour Party, also 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.
“We’ve had 12 years of Tory government that has failed to prepare and refused to invest, leaving bills higher and our country less secure. This is a national emergency. It needs strong leadership and urgent action.
“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.”
