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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Britain’s Opposition Labor Party Demand Energy Price Cap Freeze

British leader of the Labor Party and opposition Keir Starmer speaks during a news conference, in London, Britain, July 8, 2022. (Reuters)

Britain's main opposition Labor Party called on Monday for the energy price cap to be frozen this autumn to help the public deal with another expected surge in fuel bills during the worst cost-of-living crisis in decades.

Labor leader Keir Starmer said his party, if in power, would cap energy costs at the current level of 1,971 pounds ($2,386) per year for six months from October and would pay for it by extending the windfall tax on oil and gas companies in the North Sea.

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