Britain's PM May vows to put an end to "rip-off" energy bills

Britain's PM May vows to put an end to

Britain's PM May vows to put an end to "rip-off" energy bills

But, asked if prices would "rise or fall", Mr Clark told BBC Radio 4's Today programme: "It will be a matter for the energy regulator Ofgem to determine". Announcing the policy to coincide with Europe Day, leader Paul Nuttall says the starred flag should be treated "as a form of corporate advertising".

Theresa May has decided that an energy cap fits her political goal and has confirmed she will wear it into this election campaign. Ed Miliband suggested a freeze on energy prices which would have frozen them so that people paying above the odds would have continued paying above the odds, and crucially the prices would not have gone down.

"Instead of bringing in a price cap, the Government should spend some money raising awareness of switching and leave the mechanics of an increasingly vibrant and competitive market well alone".

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She also refused to rule out future tax hikes, saying it was not her intention to increase the level of tax but she was "not going to make any tax commitments that we are not absolutely sure we can keep".

"Labour will invest in skills and jobs, and take action to enforce a floor under employment standards across the board - so that all jobs are decent jobs, so that all workers - the true wealth creators - can play their part in transforming Britain and benefit fully from it". First of all, we are Conservatives.

"The economy is still rigged in favour of the rich and powerful".

Writing in the Telegraph in 2013, Johnson said: "I find it rather incredible that he can seriously pretend to want to do something for the hard-pressed energy consumers in this country, and I find it astounding that so many people are falling for his Wonga-like offer".

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"It is important that these measures bed in before looking to further interventions".

However, energy analysts said that people would see their bills go up by £50 a year because of increasing energy policy and network costs that are already locked in over the course of the next parliament. "That means major changes to break down the power of the "big six" energy giants and support publicly-controlled local energy companies across the country".

"Further intervention risks undermining so numerous positive changes we are seeing in the market which are delivering benefits for consumers".

Shares in Centrica have fallen 15% since the start of this year and some are speculating that it may cut its dividend to shareholders to cope with an estimated £200 million hit to profits from the cap. May also refused to confirm at a stump speech on Tuesday whether bills would definitely go down, and would only say that Ofgem would set the cap.

If standard variable tariffs milk customers, the picture for consumers on pre-paid energy meters is not much rosier. "With the Conservatives nearly certain to win a majority, it's highly likely the pledge will be carried out", he said.

Theresa May has explained her proposal for a price cap on energy bills in an article for the Sun. She said on Tuesday a move to cap energy standard variable tariffs would help about 17 million families.

Under the plans, there will be a cap on the cost of a standard variable tariffs, the default deals that are used by two-thirds of households in Britain. "I expect (this) to save families on poor value tariffs as much as 100 pounds".

"This policy from the Conservatives, just as the policy from Ed Miliband, will not work".

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