Cut £175 from energy bills for low-income homes, says thinktank

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Labour should draw up an emergency plan to cut energy prices for low-income families by up to £175 this winter, the Resolution Foundation has said. One of Andy Burnham’s first policy announcements as prime minister was to remove VAT temporarily from electricity bills, saving households about £45 a year. But with wholesale gas prices higher since the resumption of hostilities in the Middle East, the thinktank says costs are likely to rise through the winter. In a report, the Resolution Foundation recommends a scheme that would cut annual bills by up to £175 for poorer consumers, at a cost of £2bn to the taxpayer. Support would be restricted to households…

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