The Labor Party will demand a governmentfor the United Kingdom Abandoning plans to remove a cap on energy prices, he put pressure on Liz Truss and Rishi Sunak, both vying for the premiership, to come up with concrete proposals to mitigate what threatens to be the world’s biggest energy cost crisis to date. The life of the nation in decades.
According to The Guardian, party leader Keir Starmer will request on Monday that the government ask regulator Ofgem to freeze the current £1,971 ($2,390) limit on family bills. Cornwall Insight expected the typical annual bill in October to rise to more than £3,500 and exceed £4,200 in the first quarter.
Warnings that millions of low-income families face destitution as energy prices rise dominate the national conversation. With rampant inflation, high interest rates and strikes bringing trains to a standstill, Britain is already suffering from what has been dubbed a summer of turmoil.
The weeks-long leadership battle between Truss and Sunack to replace Boris Johnson has also exposed a vacuum at the heart of the government as the economy slips into recession. Johnson will remain in office until the appointment of his successor in early September, but his administration will not make any major financial decisions in the meantime.
The Telegraph reports that Truss, whose campaign has focused largely on his desire to cut taxes to revive the economy, could limit access to the discount currently available to all Britons facing higher energy bills.
Simon Clarke, one of his supporters and chief treasurer, told the newspaper it was “strange” that the wealthy took advantage of a £400 grant in October, part of a package offered by Sunak when he was Treasurer.
The Times reported on Saturday evening that the Treasury was planning a supplier loan program that would cut family bills by another £400 this winter.
In an interview with The Sun published on Sunday, Sunak outlined a plan that includes providing unspecified support to retirees and poor families to pay their energy bills.
In the long term, he wants to encourage more production from the North Sea and fracking and reform the regulations governing wind, solar and nuclear power.
“We’ll get through this winter with my plan, but it’s also the long-term things that we need to get right,” he told the newspaper.
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