Octopus Energy: use windfall to stop Winter Fuel Payment cuts

EMBARGO: Immediate Release

The Treasury is reportedly set to receive a £1.5 billion windfall from Octopus Energy. The cost of reinstating the Winter Fuel Payments for this year would be £1.4 billion. Responding to the news, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

“This government must use this windfall well by reinstating the Winter Fuel Payments for this year giving itself the time to come forward with a better solution for next year. 

“These crushing cuts have left millions of the most vulnerable pensioners with the terrifying prospect of choosing between heating and eating this winter. 

“The Chancellor now has the opportunity to think again and stop these hammer blow cuts from impacting some of the most vulnerable in our society. Rachel Reeves must take it.”

ENDS

Notes to Editors:

Reporting on the expected £1.5 billion windfall from Octopus Energy can be found here.