who are benefiting most from rising wholesale oil and gas producers, and doing that would allow them to fund measures to ease the impact of rising energy bills, which are set to go up significantly later this year when the energy price cap is predicted to rise. that and other measures, they say, are available to the government and should be what the government is thinking about now. it is not a new measure previous labour and conservative governments have done a similar thing, the liberal democrats called for it last week but being in opposition, labour has the luxury of putting forward this menu of options and attempt to make the government look indecisive. rachel reeve, the shadow chancellor, was outlining more about why the party feels this would be a good move now this morning. first, it is the immediate help to people on their bills this year because of this huge spike in prices, which everyone you talk to in the energy markets say this is a once in a generation type spike. bu
the labour party is calling for a windfall tax on oil and gas producers, to help low and middle income families cope with rising energy bills. the party said the conservatives had presided over a decade of failed energy policies. ministers said the energy price cap was protecting millions from higher bills and the government was supporting vulnerable households with schemes worth more than four billion pounds. here s the shadow chancellor rachel reeves speaking earlier. this huge spike in prices, everybody you talk to in the energy market says this is a one in a generation type spike, but also recognising there are big
wholesale oil and gas producers, and doing that would allow them to fund measures to ease the impact of rising energy bills, which are set to go up significantly later this year when the energy price cap is predicted to rise. that and other measures, they say, are available to the government and should be what the government and should be what the government and should be what the government is thinking about now. it is not a new measure, previous labour and conservative governments had done a similar thing and the liberal democrats called for it last week, but being in opposition, labour has the luxury of putting forward this menu of options and attempt to make the government look indecisive. the shadow chancellor was outlining more about why the party feels this would be a good move now this morning. because of this hue now this morning. because of this huge spike now this morning. because of this huge spike in now this morning. because of this huge spike in prices, now this mo