Energy price cap: Govt should be investing in long-term investments, says Labour

Shadow Financial Secretary to the Treasury James Murray says the government should be investing in “long-term investments” in order to get energy bills down. It comes as the government will have to pay billions of pounds more to support households with their energy bills in the new year after Ofgem raised the price cap. The decision will not increase the amount consumers have to pay, as they are shielded by the government’s energy price guarantee.