£19m Bombshell

New analysis by Mansfield Labour has revealed that families in Mansfield will fork out an extra £19m on petrol, compared to just this time last year.

The figures come as oil and gas producers, including Shell and BP, took in billions in soaring profits, with BP hailing “more money than we know what to do with”. And this week working people in Mansfield were hit with a tax hike in their pay packets this week after the Chancellor chose to raise national insurance. The Chancellor has raised taxes 15 times in total, costing families £1,060 this year.

Labour is calling on the government to bring forward an emergency budget to tackle the Tory cost of living crisis. This would prioritise five measures with a one-off windfall tax on the soaring profits of oil and gas producers to help households through the crisis with up to £600 in support. Labour would also ramp up home insulation, scrap the unfair National Insurance hike, and provide support for struggling businesses.

Mansfield Labour’s Andy Abrahams said,

“Working people in Mansfield are being absolutely hammered.”

“The Conservative government needs to set out an emergency budget to tackle its cost of living crisis – and support Labour’s call to put money back in the pockets of working people.

“Labour’s plan would help households through this crisis with up to £600 cut off energy bills, funded by one-off windfall tax on the booming profits of oil and gas producers, and we would scrap the outrageous National Insurance hike.

“Here in Mansfield, families are struggling to pay the bills. Yet incredibly the Conservatives have made things even worse with a 15th Tory tax rise in just two years, costing the average worker in Mansfield £183 – this is more than many families can bear.

“This Conservative government is distracted by its own scandals, out of ideas and out of touch. But Labour has a plan – and Labour is on your side.”


Notes to editors:

The impact on the average worker of NICs rise in Mansfield is £183 [link to data]

Families in Mansfield are spending £19,149,000m more on petrol than this time last year [link to data]

Approximately 40% of cars in the UK are diesel – each spending an extra £337 on fuel. 60% are petrol, each spending £318 extra, so average per car = £325

1.2 cars per household = £325 x 1.2 = £390

In Mansfield there are 49,100 households (2018 figure). Therefore families in Mansfield are paying a combined additional £19,149,000 in fuel costs.

Petrol prices

Diesel car:

Petrol car:

Labour has called on the government to bring forwarded an emergency budget – and prioritise five measures that could be enacted now, to make a material difference to the millions of pensioners and working people feeling the crunch from the crisis:

  1. Put a windfall tax on oil and gas producers to cut home energy bills: Bring in a one-off windfall tax on oil and gas producer profits, to cut household bills by up to £600, including through a VAT cut on home energy bills and an increase and expansion of the Warm Homes Discount.
  2. Provide support for struggling businesses: Labour would cut taxes for businesses by giving SMEs a discount on their business rates bill worth up to £5,700 this year, funded by a tax on the online giants. We’d also bring in a £600 million contingency fund, raised by the windfall tax on oil and gas producer profits, for those industries and businesses struggling the most with rising bills like steel and other energy-intensive firms.
  3. Spike the hike: Scrap the National Insurance hike which this government has introduced in the midst of a cost of living crisis.
  4. Insulate homes: Commit to a rapid ramp up of home upgrades with a clear target to meet by the end of the year, to make them more energy efficient and cheaper to heat, saving households £400 on average every year.
  5. Stop the waste: Allow the National Crime Agency to investigate the £11.8 billion of taxpayer funds lost to fraud and error, so no more taxpayer money is flushed down the drain.
Link to Instagram Link to Twitter Link to YouTube Link to Facebook Link to LinkedIn Link to Snapchat Close Fax Website Location Phone Email Calendar Building Search