Stirling Households Face Further Debt Under Tory Energy Plan


Categories: Constituency, Energy, Inequality

Move to Freeze Bills Cannot Place Future Burden on Families

Stirling MP Alyn Smith has backed calls for a U-turn over UK Government plans to charge households for the cost of the energy bill freeze – warning families must not be saddled with debt.

Responding to reports Liz Truss plans to impose a multi-billion pound energy bill loan on families, which households could be forced to pay back as a surcharge on top of their normal bills for years to come, Mr Smith urged a rethink on where the burden should fall.

Rather than heap more financial pressure on households, Mr Smith argues the UK Government must instead pay for the freeze through a combination of an expanded windfall tax on the excess profits of major companies, including energy companies, and growing UK Government tax receipts.

It comes as a new YouGov poll found 57% of Scots are ‘disappointed’ that Liz Truss will be Prime Minister, seven in ten (69%) say she will be ‘worse’ or ‘about the same’ as Boris Johnson, and eight in ten (78%) say they have ‘no confidence’ or ‘not very much confidence’ that she will have the right plans to tackle the rising cost of living.

Stirling MP Alyn Smith said:

‘A freeze to energy bills is an absolute necessity to families and households across Stirling – but they shouldn’t be the ones left paying for UK Government incompetence. Instead, the focus should be on excess profits of major businesses, especially energy companies. Lumping multi-billion pounds worth of debt onto already stressed households is morally wrong and bad economics.

‘We desperately need to see support for businesses as well, as they struggle without even a basic energy price cap to keep bills down. We’re heading for a severe humanitarian and economic crisis unless the UK Government and the incoming Prime Minister take heed of industry, households and experts – and get a move on. Any plans for tax cuts for the wealthy severely misreads the mood music.’ 

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