May proposing energy price cap ahead of UK polls
Move signals a further pitch by the Conservative Party to woo Labour voters in key swing districts
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UK Prime Minister Theresa May's Conservative Party is proposing to cap household gas and electricity prices as part of its campaign platform for the June 8 election, adopting an issue promoted by the opposition Labour Party in the last election.
Work and Pensions Secretary Damian Green confirmed the plan after the Sunday Times newspaper reported that the Conservative manifesto will set out a policy of ordering energy regulator Ofgem to set a maximum price for the 70 per cent of households that pay suppliers' standard tariffs. That would cut £100 (S$179) off the average family's annual utility bill, the newspaper said.
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