With British Gas announcing an eye-watering 12.5% price hike today, it seems the Tories are failing to keep their manifesto promise to cap energy prices, instead dumping the problem on watchdog Ofgem’s doorstep.

You might remember that scrapping “rip off” energy bills was a key Tory pledge:

“Our ambition is that the UK should have the lowest energy costs in Europe, both for households and businesses.”

Astonishingly, the Tories referred to “abusive” price hikes explicitly in their pledge:

“Fairer markets for consumers and action on the cost of living, including a safeguard tariff cap to protect energy customers from unacceptable rises.”

The lady up for U-turning is running out of gas…

  1. patrick newman says:

    Never mind the par for the course of Tory broken promises Labour must find policies that deal with dysfunctional markets inherited from dogmatic privatisations. Beyond energy there is rail, telecoms and water – all of which are key deciders of the successful modern economy.

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