Labour pledge to 'extend' windfall tax to protect families from soaring energy bills

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Labour pledge to 'extend' windfall tax to protect families from soaring energy bills
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Rachel Reeves and Labour leader Sir Keir Starmer were at the World Economic Forum in Davos this week, where the party called for a 'clean power alliance' of countries to help bring down energy prices.

Ms Reeves is expected to say that alongside a freeze on fuel duty, there should be a three-month moratorium on the forced installation of pre-payment meters."Millions of households are still looking to a 40% increase in their energy bills, in April," Ms Reeves will tell the conference.

She will also set out her party's long-term strategy of reaching 100% clean power by 2030 and retrofitting millions of homes.What's a windfall tax, how much do oil companies already pay, and has UK tried it before?"We cannot persist with walking into a crisis unprepared, and at the last minute producing hugely expensive fixes to get us through, while the underlying problems - those weakened foundations - remain untouched.

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