"A windfall tax on oil and gas companies, who are already struggling in the North Sea, is never going to cut it."

the £6.6bn plan would include removing vat on domestic energy bills for a whole year, as well as expanding and increasing the warm homes discount for those most at risk.

Labour says the package of support would save most households around £200, while targeted support to those on lower incomes, pensioners and the squeezed middle would mean they save as much as £600.

'Bills can't be paid on broken promises' Boris Johnson's government has come under concerted pressure to act in recent weeks, amid worries over the rising cost of living.

The Shadow Chancellor said that if now was not the time to cut VAT on energy bills then "frankly I don't know when is".

ms reeves told sky : "the prime minister was the biggest advocate for cutting vat on gas and electricity bills during the european referendum.

"but now when cutting those bills would make more difference than ever, the prime minister says no.

Under Labour's plan, fossil fuel giants would be forced to contribute £1.2bn to help fund the proposals, through a year-long increase to their corporation tax of 10 %.

The party also wants an extra £3.5bn to be spent on the warm homes discount, increasing it from £140 to £400 per year, while doubling the number of households eligible to 9.3 million.

according to the party's figures, it would cost around £2.5bn to remove vat from household energy bills for a year from april- six months longer than labour has previously called for.

Lib Dems call for 'Robin Hood tax' The Liberal Democrats have also put forward similar plans in recent weeks.

Sir Ed Davey's party has called for a "Robin Hood tax" on oil and gas firms, a one-off levy on the profits of companies that the Lib Dems say would raise £5-£7bn and give over seven million households £300 off their bills this year.

A government spokesman said : "The energy price cap is currently insulating millions of consumers from high global gas prices.

"we 'll continue to listen to consumers and businesses on how to manage the costs of energy.

"We recognise people are facing pressures with the cost of living, which is why we are taking action worth more than £4.2bn, and supporting vulnerable households through initiatives such as the £500m household support fund, warm home discount, winter fuel payments and cold weather payments."

shadow chancellor rachel reeves told the bbc the uk was "price crisis" to global energy costs with “ dither and delay ”.

The idea is not new.

But it's the prime minister and the chancellor who 'll have to find a politically palatable way to ease the acute strain coming to households and businesses.

"The problem is that so much of this has been caused by more than a decade of dither and delay in energy policy by the government," she said.

"The UK is uniquely exposed because of a failure to invest in nuclear and hydrogen and renewables."

Shadow chancellor Rachel Reeves announced on Sunday the proposed £1.2bn one-off levy on oil and gas producers would help fund assistance for households, who face an estimated £600 hike in bills in April.

Labour announced a £600 million contingency fund to support businesses struggling to cope with soaring energy costs.

The party will on Tuesday force a vote in parliament on support for businesses hit by energy prices rises, calling for the government to scrap business rates, reduce the debt burden that firms are facing and create the £600m contingency fund.

"the tories have been asleep at the wheel, with hard-working people paying the price.

Nadhim Zahawi, the education secretary and a former oil industry executive, told LBC radio : "What Labour are putting out just doesn't add up.

Mr Zahawi, a former oil industry advisor, claimed the rise in the national living wage would help people cope with rising energy costs which are set to add hundreds of pounds to average bills.

Stay up to date with our posts

Seamless Daily is an innovative news platform that is updated 24/7 to help you keep up to date with all the current events around the globe.

Our team of professional editors as well as our state-of-the-art artificial intelligence platforms ensure that our curation is accurate, fact-checked, and trustworthy.

Click here to subscribe

Read more

Aung San Suu Kyi: Ousted Myanmar leader jailed for another four years

COVID: Michael Gove refuses to deny free lateral flow tests will be phased out in the coming weeks

Kazakhstan unrest: Internet returns to Almaty following a five day outage