Labour launches local elections campaign with focus on cost of living – UK politics live

UK PM to chair meeting in Downing Street on how government responds to economic consequences of Iran war later on MondayThe Labour local elections launch is starting.Lucy Powell, the deputy leader, is opening the proceedings.The tax cut would reduce pump prices by around 12p per litre for petrol and 14p per litre for diesel at current prices, at a static exchequer cost of about £1.5bn. The measure could be funded within current spending envelopes using the estimated £2.7bn windfall from higher oil prices that the chancellor has received. Continue reading...

Labour launches local elections campaign with focus on cost of living – UK politics live

UK PM to chair meeting in Downing Street on how government responds to economic consequences of Iran war later on Monday

The Labour local elections launch is starting.

Lucy Powell, the deputy leader, is opening the proceedings.

The tax cut would reduce pump prices by around 12p per litre for petrol and 14p per litre for diesel at current prices, at a static exchequer cost of about £1.5bn. The measure could be funded within current spending envelopes using the estimated £2.7bn windfall from higher oil prices that the chancellor has received.

Continue reading...