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BBCNEWS BBC News June 4, 2024 16:03:00

Those increases in the autumn. labour says it will pay for the plan in three ways. firstly, increase the windfall tax on oil and gas companies by backdating it to january to raise £8 billion. secondly, put £14 billion towards cancelling the rise, instead of giving everyone £400 this autumn. thirdly, they say reducing energy bills will bring down inflation and therefore interest rates on government debt, to save £7 billion. but the institute for fiscal studies says to bring inflation down long term, these subsidies would need to last longer than six months, costing billions more. we re looking at the same scale of support as we had through their furlough scheme through covid and this is clearly something bigger than the current government are offering, and it would ensure that none of us saw any increases above current levels in our energy bills. now, that has the very positive effect of making sure that nobody is losing out, but of course, it also ....

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BBCNEWS BBC News June 4, 2024 16:00:00

This is bbc news. i m clive myrie. the headlines at five. labour leader sir keir starmer outlines his plans stop energy bills going up overwinter by freezing the energy price cap in england, scotland and wales for six months. either we let the oil and gas companies continue to make huge profits whilst every family across the country suffers, or we do something about it. a year on, the taliban declares a national holiday after reconquering afghanistan. a new version of moderna s coronavirus vaccine is approved that targets the omicron variant, and you may only need it once a year. athlete ricardo dos santos, ....

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