Labor unveil plan to cut UK cost of living

Labor unveil plan to cut UK cost of living

London, August 15 Keir Starmer, leader of the Labor Party, said today the UK’s cost of living crisis is a national emergency that requires strong leadership and urgent action to deal with it.

In its 12 years in power, the (Conservative) Tory government has failed to prepare and has refused investment, making bills higher and the country less secure, the opposition politician said, unveiling on Monday the plan his party would implement dealings with a situation affecting millions of Britons.

According to Starmer, consumers would “not have to pay a penny more” for electricity and gas in the winter because Labor would freeze the price cap set last April when companies were authorized to charge up to £1,971 a year (about two weeks). thousand 400 dollars) for the service.

The MP and leader of the opposition in Parliament reiterated that the measure would save the average British family a thousand pounds sterling ($1,200 at current exchange rates), control future energy prices and help fight inflation.

Although the limit approved in April represented a 54 percent increase over the previous semester’s limit, the annual energy price is expected to rise to 3,628 pounds ($4,400) by October 1.

Labor’s proposal includes investment in renewable energy sources and in improving the heating and insulation systems of 19 million homes over the next decade.

To pay for his energy strategy, Starmer proposes levying an additional tax on the huge profits made by the oil and gas transnationals.

The Labor Party’s plan would solve problems now and into the future as it would help people weather the winter while laying the foundations for a stronger and more secure economy, he said.

The Conservative government, led by now-outgoing Prime Minister Boris Johnson, months ago announced a multimillion-dollar package to help low-income households weather the crisis, but the President himself admitted last week that those funds are insufficient.

Johnson, who is under pressure to take more steps to lower the cost of living, reiterated that the job will fall to the candidate who wins the internal leadership contest between former Treasury Secretary Rishi Sunak and Chancellor Liz Truss.

The new leader of the Conservative Party and UK Prime Minister will be elected by the organisation’s 160,000 members by postal ballot and his name will be announced on September 5th.

Taken from the Latin Press

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