Davey: Instead of "temporary sticking plasters" we need VAT holiday and price cap on heating oil

Responding to the Prime Minister's press conference where he announced measures on energy prices, Liberal Democrat Leader Ed Davey said:

"Families are worried sick as energy bills spiral out of control. The Prime Minister's offer on heating oil today will see too many households falling through the cracks and missing out on support.

"Heating oil customers have been defenceless against skyrocketing global prices, caught in the crossfire of Russia's war in Ukraine and now the volatility in the Middle East. Instead of temporary sticking plasters, we need an immediate three-month VAT holiday on heating oil and the introduction of a proper price cap. They deserve the same kinds of protections as those on the grid.

"The Government must also act now to stop the £500 bill hike for everyone else that is looming later this year. For millions of families, that would stretch household finances to breaking point."