Sir Keir Starmer will on Monday vow to shield “working people” from the economic fallout of the Iran war and punish profiteering, as he sets out support worth about £50mn for some households hit by higher energy costs.
The £50mn intervention will target more than 1mn households mainly in rural areas of Northern Ireland that rely on heating oil, a niche sector where bills have already soared in the wake of disruption to global oil supplies.
Starmer’s press event will come after energy secretary Ed Miliband on Sunday strongly signalled that ministers would step in to prevent a wider surge in household gas bills this summer, when the three-monthly price cap is revised.
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