Energy bills going up
Ofgem have announced that energy bills will rise by 54% in April. £693 per year for an average home putting 6.5 million homes into fuel poverty. Shell also announced profits of $19,300,000,000.
1) The £200 energy rebate from October is a loan to be paid back on your bills afterwards.
2) A £150 reduction on council tax for band A-D but at the same time increasing our council tax and our NI in April. NI will be an extra £180 per year for the average worker so this still leaves the average home based on 2 adults both earning at £753 worse off per year and that’s before the 3-4% council tax increase also in April.
On the other hand Labour’s proposal which was backed by many MP’s across all parties but rejected by the Conservatives was to tax these energy companies that have made vast profits from us and use that money to reduce bills by £200 per home and £600 to pensioners and the lowest earners. They also put in a vote in Parliament on Tuesday to cut the VAT to 0% which was also rejected by the Conservatives.