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City MP responds to government energy announcement

Responding to the government’s energy announcement, Portsmouth South MP, Stephen Morgan, said:

“After five months of being dragged kicking and screaming, the Chancellor has finally come to his senses, U-turned, and adopted Labour’s plan for a windfall tax on oil and gas producer profits to lower bills.

“His dither and delay has created months of unnecessary anxiety for Portsmouth people with many local families and pensioners struggling over how they are going to afford their energy bills. All of this could have been avoided if he just swallowed his pride and backed Labour’s plan.

“Despite only bringing in the plan months ago, he’s had to ditch his dodgy buy now, pay later loan that was always destined for failure.

“But Ministers still have no long-term plan to grow our economy and pull us out of the mess they’ve got us into.

“I am meeting with a range of organisations that are providing support for those struggling with stretched household budgets and will continue to push Ministers to support them, tackle the cost of living crisis and help grow our city’s economy.”