Stephen Morgan MP has said today that Labour ‘s plan to address the cost of living crisis would see Portsmouth receive up to £90m.
The City MP has said that the party’s plan to stop bills rising this winter would save the average household in his constituency of Portsmouth South £1,000, 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 an extra tax from oil and gas giants who are making eye-watering profits.
It means that households across Portsmouth South would receive £48m from Labour’s fully costed plan. Those in Portsmouth North would receive £42m under the scheme.
The Portsmouth MP also said that the emergency package announced by Labour leader Keir Starmer on Monday 15 August, would reduce energy demand and lower bills in the longer term in Portsmouth 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 Warm Homes 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.
The Member of Parliament for Portsmouth South, Stephen Morgan, said:
“Families and pensioners across Portsmouth are scared about how they’ll get through the winter with bills through the roof.
“Our city would receive up to £90m under Labour’s plan, saving households £1,000 this winter and investing in sustainable British energy to bring bills down in the long-term.
“Labour’s fully-funded plan would fix the problems immediately and for the future – helping people in our city get through the winter while providing the foundations for a stronger, more secure economy. Only Labour can give Britain the fresh start it needs.”
