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Labour will cut household bills by £220 a year

Labour will slash energy, water and post bills through public ownership.

Labour will cut household bills by £220 a year under public ownership of utilities. Households are being ripped off with sky-high bills for energy, water and post to pay out billions of pounds to shareholders.

Labour will:

  • Make households £220 a year better off under public ownership models for energy and water.
  • Cap energy bills, invest in renewable energy and under public ownership bills will fall.
  • Bring water companies into public ownership to drive down bills, reduce leaks and end the shareholder racket.
  • Compensate for bringing water, parts of the energy sector and Royal Mail into public ownership by exchanging government bonds for shares in the relevant companies.

Under a Labour government, our economy will work for the many, not the few.

Dr Matt Lamb says:

“Labour will fix this broken model which makes ordinary people pay for excessive wealth in the hands of the few by instead bringing our utilities into public ownership for the benefit of the many.”

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