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Sinn Féin back call for British Treasury response to rising energy costs

28 May, 2008

Sinn Féin Economy Spokesperson, Mitchel McLaughlin MLA has welcomed the call for a British Treasury response to rising energy costs.

Mr McLaughlin said:

"The fact is that the British Treasury are benefiting from increased energy prices through increased VAT revenues.

"People here are giving the British Treasury even more of their money through these electricity increases, as with other energy and fuel increases. The Consumer Council has estimated that this amounts to some £10 million in increased VAT revenue from here.

"I fully endorse the argument that this increased British Treasury revenue should be used to reduce the impact of these increasing energy costs on those least able to afford them." ENDS

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