Claire Coutinho has said that the government will not be able to deliver on their promises with GB Energy, describing it as a “waste of money”. She said: “the people will suffer will be the people at home looking at their energy bills wondering if they can turn on their gas cooker". Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00Well, look, if it could do everything that Edmund Munt had promised,
00:03then maybe that would be a good thing.
00:04But the truth is, it can't.
00:06And actually, what you have seen from the Labour Party
00:09is a complete reverse face on all of their energy bill promises
00:12that they made in the election.
00:14They stood there and they promised families
00:16that they would save them £300 of their energy bills.
00:19They don't say that anymore.
00:20And in fact, one of the first things they did when they came into office
00:23is they've taken up to £300 support away from 10 million pensioners
00:27this winter.
00:28That was nothing that they talked about during the election.
00:30And I think it's been a complete betrayal of the British public.
00:33I think it's going to be a waste of money for the taxpayer
00:35because he hasn't set out an investment plan.
00:37And the things that he is promising, he cannot deliver.
00:40He's saying on the one hand, he's going to lower bills.
00:42He's set out no plans to do so.
00:44He's saying that he's going to turn a profit for people,
00:47but he's telling businesses he's going to take
00:49the most unprofitable parts of their investments.
00:52So he literally cannot stack up these promises.
00:54And that's what I worry about,
00:55because ultimately the people who will suffer
00:58are the people at home looking at their energy bills,
01:00wondering if they can turn on their gas kicker,
01:03wondering if they can put on the heating this winter.
01:05And those are the people that will struggle,
01:07which is why when I was in post as energy secretary,
01:10my relentless focus was to bring down the cost of energy.
01:14And actually, he's taken a very different approach.
01:16And whether it's businesses or unions or energy experts,
01:20everybody is saying that his overall approach
01:22is going to increase the cost for families across the country.