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Labour’s plan to keep energy bills low will save 30,000 Portsmouth households up to £600 – City MP

By 26 January 2022February 15th, 2022No Comments

Stephen Morgan MP has said Labour’s plan to tackle the cost-of-living crisis could save over 30,000 Portsmouth households up to £600 a year.

To address the immediate crisis, the Official Opposition has said it would bring in fully funded measures now to reduce the expected price rise in April.

Labour said it would also increase and expand the Warm Home’s Discount, targeting extra support to the squeezed middle, pensioners and the lowest earners, and preventing all of the increase in energy bills currently expected.

Labour would pay for this plan with a one-off windfall tax on North Sea Oil and Gas producers who have profited from price rises.

The Member of Parliament for Portsmouth South, Stephen Morgan, said:

“Families and businesses in our city are facing an energy price crisis because a decade of failed Conservative energy policy has left us deeply vulnerable as a country. Labour wants to stop bills going up.

“That’s why we would give families security by taking fully-funded measures to save most households around £200 or more.

“We’d also target extra support on top of that for the squeezed middle, pensioners and lowest earners – saving over 30,000 households in Portsmouth up to £600 off their bills in total.

“Portsmouth families deserve far better, not more dither and delay from this Tory government.”

The Portsmouth MP recently launched his campaign calling for VAT on energy bills to be scrapped. To sign up, visit: https://www.stephenmorgan.org.uk/sign-up-scrapping-vat-on-energy-bills/