West Lancashire MP Rosie Cooper has called on government to act over the spiralling cost of living crisis with an emergency budget, as figures show the impact of soaring petrol prices on families in West Lancashire.  

New analysis by Labour has revealed that families in West Lancashire and across the country will fork out an extra £10bn on petrol, compared to just this time last year.  

The Chancellor made a fuel duty cut the centrepiece of his plan to tackle the cost-of-living crisis, but that cut has been swallowed up by the soaring cost over the year.    

The figures come as oil and gas producers, including Shell and BP, took in billions in soaring profits, with BP hailing “more money than we know what to do with.”  

And recently working people in West Lancashire were hit with a tax hike in their pay packets after the Chancellor chose to raise national insurance. The Chancellor has raised taxes 15 times in total, costing families £1,060 this year.     

Labour has reiterated its call on the government to bring forward an emergency budget to tackle the Tory cost of living crisis. This would prioritise five measures including a one-off windfall tax on the soaring profits of oil and gas producers to help households through the crisis with up to £600 in support. Labour would also ramp up home insulation, scrap the unfair National Insurance hike, and provide support for struggling businesses.     

West Lancashire MP Rosie Cooper said: 
“This is a savage extra cost for working people in West Lancashire, who are already contacting me for support, while struggling with rising household bills.  

“The Conservative government needs to set out an emergency budget to tackle its cost-of-living crisis – and support Labour’s call to put money back in the pockets of working people.   

“Labour’s plan would help households through this crisis with up to £600 cut from energy bills, funded by a one-off windfall tax on the booming profits of oil and gas producers.  

“We would turbocharge our transition to clean transport so never again are the British people left so exposed to unstable foreign oil.”  

 

Labour has called on the government to bring forwarded an emergency budget – and prioritise five measures that could be enacted now, to make a material difference to the millions of pensioners and working people feeling the crunch from the crisis:  

  1. Put a windfall tax on oil and gas producers to cut home energy bills: Bring in a one-off windfall tax on oil and gas producer profits, to cut household bills by up to £600, including through a VAT cut on home energy bills and an increase and expansion of the Warm Homes Discount.  
  2. Provide support for struggling businesses: Labour would cut taxes for businesses by giving SMEs a discount on their business rates bill worth up to £5,700 this year, funded by a tax on the online giants. Labour would also bring in a £600 million contingency fund, raised by the windfall tax on oil and gas producer profits, for those industries and businesses struggling the most with rising bills like steel and other energy-intensive firms. 
  3. Spike the hike: Scrap the National Insurance hike which this government has introduced in the midst of a cost-of-living crisis. 
  4. Insulate homes: Commit to a rapid ramp up of home upgrades with a clear target to meet by the end of the year, to make them more energy efficient and cheaper to heat, saving households £400 on average every year.  
  5. Stop the waste: Allow the National Crime Agency to investigate the £11.8 billion of taxpayer funds lost to fraud and error, so no more taxpayer money is flushed down the drain.  
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