Reducing Energy Costs: An Effective Strategy for Boosting Disposable Income
The SNP has said “the number one priority for the UK budget must be to put money back into people’s pockets” – warning the Tories can’t continue to hammer household incomes.
Ahead of tomorrow’s budget, Graeme has urged Jeremy Hunt to deliver a comprehensive package to boost household incomes and economic growth for Angus South. Many families are expressing growing frustration with the current administration’s economic policies, particularly in regards to the rising cost of living. The perceived lack of accountability and transparency within the government leads to a feeling of being repeatedly exploited and taken advantage of.
Graeme has challenged the Chancellor to deliver the SNP’s five point plan:
- Saving families £1400 on energy bills – by cutting the Energy Price Guarantee to £2000 and maintaining the £400 Energy Bill Support Scheme to the summer.
- Raising public sector pay and benefits by CPI – putting money into the pockets of millions of workers and delivering Barnett consequentials for Scottish spending.
- Scrapping Tory plans to raise the pension age to 68, and reinstating the Triple Lock– so no one has to struggle in old age.
- Rejoining the European Single Market– to boost economic growth and halt the multi-billion pound long-term damage being caused by Brexit.
- Investing in green growth– by competing with EU and US subsidies to attract green investment.
In addition to the headroom identified by the IFS, and the billions of pounds saved as a result of the falling wholesale price of gas, Graeme is therefore calling for the Chancellor to scrap non-dom tax status, tax share buy backs, and expand the windfall tax, which would raise billions more to fund cost of living support for ordinary households.
The number one priority for the UK budget must be to put money back into people’s pockets – and reverse this Tory-made cost of living crisis.
Scotland is a wealthy, energy-rich country but families are being fleeced by Westminster. By refusing to act, the Tories are showing why Scotland needs independence, so we can escape Westminster control, re-join the EU, and build a fair and prosperous economy.
Families are sick to the back teeth of being ripped off by the Tory government. Instead of hammering household incomes, the Chancellor must save families £1,400 by slashing energy bills and deliver a comprehensive package of support.
The SNP’s five-point plan would reduce bills, raise incomes and boost economic growth, at a time when many families are struggling to get by. With energy companies making record profits and the wholesale price of gas falling, there is no excuse for failing to act.
The SNP Scottish Government is doing everything it can with limited fiscal powers, including delivering the Scottish Child Payment, higher energy bill support, and higher public sector pay.
The UK government must finally step up to the plate and use its reserved powers to introduce a Real Living Wage and raise public sector pay and benefits by CPI. In doing so, it would raise the incomes of millions of workers and deliver Barnett consequential which would benefit Angus South and Scotland.
This UK Budget is all about choices. Instead of making ordinary families in Angus South pay for Westminster failure, the Tories must fund support by scrapping non-dom tax status, expanding the windfall tax and taxing share buy backs, which would raise billions.
And if we are serious about delivering economic growth and reversing decline, the UK government must re-join the European single market and properly invest in green energy.
Scotland is suffering the consequences of Westminster control. The Tories trashed the economy with Brexit, austerity cuts and thirteen years of mismanagement. And with the pro-Brexit Labour Party becoming a pound-shop Tory tribute act, it’s clear independence is the only way for Scotland to secure the real change we need.