After reneging on its manifesto pledge to not raise National Insurance, Labour is starting to struggle with another promise: to cut energy bills by £300 a year. This morning Ofgem has announced that its Energy Price Cap will rise in January so the average household will be paying £21 a year more. Together with the £149 rise in the price cap in October it means that average bills will soon be £170 higher than they were when Labour came to power.
Together with the loss of Winter Fuel Payment – either £200 or £300 depending on your age – it means that pensioners will be worse off to the tune of well over £300 a year since election day.
Movements in the price cap underline how foolish it was for Labour to make any promise on energy bills
Bills will still be lower than they were a year ago, but movements in the price cap underline how foolish it was for Labour to make any promise on energy bills.
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