Stop the War. Cut the Bills

From Labour List this morning, with my emphasis.

Ofgem’s chief executive Jonathan Brearley told MPs today that the energy regulator expects to increase the cap on energy bills by more than £800 in October. The cap is currently £1,971, having increased by £693 in April.

He said, looking beyond October, Ofgem are “managing between two extreme versions of events.

One where the price falls back down to where it was before – for example, if we did see peace in Ukraine. And one where prices could go even further if we were to see, for example, a disruptive interruption of gas from Russia,” he said.

So, a continuation of the war, and deepening the sanctions on Russia, leads directly to energy bills that are increasing 23 times greater than wages and 38 times greater than benefits, and could, as Brearley states quite clearly “go even further”.

The UK government’s bellicose interventions against peace negotiations will come back to bite it. As it will bite Labour too unless it starts mobilising for peace.

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