Tories refusal to help cut bills will put oil firms before hard-pressed families

09 February 2023 , 22:30

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From April the cap on fuel bills will rise from £2,500 to £3,000 a year (Image: PA)

There are already more than seven million people in this country who cannot afford to heat their homes.

That number could rise still further if Jeremy Hunt presses ahead with plans to reduce the help people receive towards their energy costs.

From April the cap on fuel bills will rise from £2,500 to £3,000 a year. This is the average amount so many people could pay far more.

Consumer champion Martin Lewis has warned that raising the cap would be an act of national self-harm at a time when so many people are struggling with the cost of living.

He’s right. If the Chancellor believes the additional support is unaffordable he should look at the profits reported by the major oil and gas companies in the past week.

Shop prices 'are yet to peak and will remain high' as inflation hits new heights

If the Chancellor believes the additional support is unaffordable he should look at the profits reported by the major oil and gas companies in the past week (PA)

They are making billions profiteering from the rise in prices caused by Russia’s illegal war.

By extending the windfall tax on these firms Mr Hunt can help cut bills for many. If he refuses he will put the interests of greedy corporates ahead of hard-pressed families.

Steel barriers

The role of the Business Secretary should be to champion British business.

But Kemi Badenoch has refused to say whether the steel industry has a future.

The sector, which supports more than 30,000 jobs, is fighting for its survival in the face of rising energy costs and global competition.

With additional investment it could become a world-leader in producing “green steel” –without the use of fossil fuels.

If Ms Badenoch wants to protect jobs, the climate and support British industry she must support steelmakers to make this transition.

In the 80s the Tories oversaw the collapse of manufacturing. Ms Badenoch appears to want to finish the job Margaret Thatcher started.

Buffet closing

Buffet cars could disappear on most train services if rail bosses have their way.

We have gone from dining cars in the age of steam to bringing snacks. This is how to travel forwards and go backwards at the same time.

8 money changes coming in February including Universal Credit and passport fees

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