15 Aug 2022

Labour’s £29bn energy price freeze plan explained

Labour leader Sir Keir Starmer has defended his party’s plans to freeze energy price rises for all consumers, saying it’s not just the most hard-up families who will struggle to pay soaring bills.

Labour wants to cap energy bills at £1,971 a year for the average household, and says it will be partly funded by increasing the windfall tax on oil and gas firms.

Critics say the plan would be very expensive – and would have to be continued beyond next spring.