Andrew Gwynne, MP for Denton and Reddish, is supporting calls for an emergency cost of living budget, as new figures reveal that Brits could spend £10bn extra annually on soaring petrol.
The Chancellor made a fuel duty cut the centre-piece of his plan to tackle the cost of-living crisis, but that cut has already swallowed up by huge rises in the price of petrol.
The figures come as oil and gas producers, including Shell and BP, took in billions of pounds in soaring profits, with BP claiming that it had “more money than we know what to do with”.
On top of this, working people across Denton and Reddish were hit with a tax hike in their pay packets this week after the Chancellor chose to raise national insurance. The Chancellor has raised taxes 15 times in total, costing families £1,060 this year alone.
The Labour Party today reiterated its call on the government to bring forward an emergency budget to tackle the Tory cost of living crisis. This would prioritise five measures including a one-off windfall tax on the soaring profits of oil and gas producers to help households through the crisis with up to £600 in support.
Labour would also ramp up home insulation, scrap the unfair National Insurance hike, and provide support for struggling businesses.
Commenting, Andrew Gwynne said:
“People are really struggling. They are struggling with inflation, soaring petrol costs and rising fuel bills.
The Tories have responded by hammering working people across Denton and Reddish with an unfair tax hike, and withdrawing support for the most vulnerable people in society.
We urgently need the Government to step up, and set out an emergency budget to tackle the cost of living crisis.
It’s time we put money back into the pockets of working people”