Ed Miliband Angrily Clashes With Wilfred Frost Over Soaring Bills: 'You Can't Flatly Deny My Point!'

Ed Miliband and Wilfred Frost clashed on Sky NewsEd Miliband locked horns with Wilfred Frost over exactly what is driving up the UK’s sky-high energy bills this morning.Labour was elected on a promise to cut energy bills by £300 a year by 2030, while also making Britain a “clean energy superpower”.But gas and electricity prices in the UK are among the highest in the world right now – so Sky News presenter Frost asked the energy security secretary just why that is.The TV host suggested it’s because British energy companies are taxed at 78% on energy profits, which “pushes up prices”.“No, that’s wrong,” Miliband said. “The price of oil and gas is set on the international market.”Frost replied: “That’s the raw commodity price, in the same way the price of batteries is still on the raw commodity price base.”The cabinet minister replied: “It’s not set by the tax on UK companies, is what I’m saying. It’s set by the global price –”“You’re saying tax rates don’t impact pricing?” Frost asked.Miliband said this is not the case on oil and gas because that is set internationally.“Why did prices go through the roof when Russia invaded Ukraine?” He replied. Our prices went through the roof, even though we imported a very small amount from Russia, that’s because whether the gas is coming from the North Sea or internationally, it was priced on the international market. That’s why we are in the grip of fossil fuel markets controlled by others – petrol states. That was not about UK tax rates.”Frost said again that taxes on energy companies push up bills, but Miliband insisted: “You’re wrong about that, because the price is set internationally. I’m really sorry but you’re wrong about that.”The presenter replied: “Put commodities aside – if you increase taxes on supermarkets to 78%, what would happen?”Miliband began: “It depends whether it’s the domestic market where the price is set –”The presenter angrily interrupted: “It doesn’t depend. This is a globally unquestionable factor about economics. You’re right that your point also applies. You can’t flatly deny my point.”“I am denying your point when it comes to the question of internationally set prices,” Miliband replied.This argument went round and round for several more minutes live on air, until Frost said: “We’ll have to agree to disagree on that.”The spat came as Miliband was promoting the government’s decision to put £300m into building offshore wind firms as part of the UK’s clean energy transition.Sky's @WilfredFrost questions the Energy Secretary Ed Miliband on whether UK gas prices would decrease if the tax rate of 78% on energy companies was lowered by the government. https://t.co/TC2ROCL7wW📺 Sky 501, Virgin 602, Freeview 233 and YouTube pic.twitter.com/w1QPD01XbZ— Sky News (@SkyNews) April 24, 2025Related...Struggling With Energy Bills? The 50/30/20 Budgeting Rule Could HelpStarmer Accused Of 'Snake Oil Salesmanship' As Energy Price Cap Rises Despite Labour VowMartin Lewis Shares Money-Saving Tips To Cut Rising Bills This April

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