meta_pixel
Tapesearch Logo
Log in
More or Less: Behind the Stats

Coffee with the Chancellor, inflation measures, GP numbers and toilet paper

More or Less: Behind the Stats

BBC

Business, Mathematics, Science, News Commentary, News

4.63.5K Ratings

🗓️ 25 January 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

Jeremy Hunt has pledged in a new social media video to halve the UK’s high rate of inflation. Tim Harford and the team fact check the Chancellor’s claims. Also – CPI, CPIH, RPI – which measure of inflation is best for assessing the impact of the rising cost of living? Plus has the number of GPs in England gone up or down since the start of the pandemic. And does toilet paper cause 15% of global deforestation? Presenter: Tim Harford Series Producer: Jon Bithrey Reporters: Josephine Casserly, Nathan Gower, Louise Hidalgo, Charlotte McDonald Sound Engineer: James Beard Production Co-ordinator: Helena Warwick-Cross Editor: Richard Vadon

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds Music Radio Podcasts

0:04.4

Hello and welcome to more or less your tattooed barista attentively awaiting your orders

0:10.8

at the statistical coffee bar. This week has the number of GPs in England gone up or down

0:17.7

since before the pandemic. Is loop paper responsible for 15% of global deforestation? And we're

0:24.9

looping back to last week's beef between CPIH and RPI, which is the undisputed champion

0:31.6

of measuring inflation. But first, I'm a bit busy today. Hi, can I get a flat white

0:37.4

please? Jeremy Hunt, Chancellor of the Exchequer,

0:40.9

and Star of a recent Treasury video which was a viral online hit for all the best reasons.

0:46.3

It's a pleasant surprise to see you. But sir, this is a radio studio.

0:50.7

While my coffee is being made, let me tell you what we're doing to harvest inflation.

0:55.2

Okay, I'll put the kettle on. I'm sure I have some instant around here somewhere. Let

1:00.5

me very carefully write your name on the cups. But you mentioned a plan to harvest inflation.

1:06.7

Sounds intriguing. Perhaps you could explain to me what inflation is first, preferably

1:11.2

using a single, easily understandable product that I might buy on a regular basis.

1:15.6

I'm afraid coffee is getting more expensive. A year ago it would have been around £2

1:20.6

and £50. But now it's gone up to nearly £3 a cup.

1:25.9

Communicating economic principles to an analysis of takeaway coffee? Great idea, Mr Hunt. Can't

1:32.0

believe no one's had it before. Anyway, enough about my first book. Let's get back to the

1:36.7

soothing video.

1:38.2

It means unemployment going up. Businesses failing, pounding your pocket is worth less than

1:43.6

it used to be. Well, that all sounds terrifying. Sounds to me like someone needs to come up

1:48.1

with a plan to harvest inflation. So what's the plan to harvest inflation?

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.