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This Is Why

Cost of living: Are you getting what you’re entitled to?

This Is Why

Sky News

Daily News, News, News Commentary

4.0552 Ratings

🗓️ 22 August 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

As inflation hits a 40-year high and the cost of living crisis deepens, what help is out there for you?

On today’s Sky News Daily podcast, Chloe Culpan hears from personal finance expert Gemma Godfrey, who explains what help is available, and Sky’s business presenter Ian King looks at what possible action the next prime minister could take come the autumn.

Senior podcast producer: Annie Joyce
Interviews producer: Alys Bowen
Archive researcher: Rob Fellowes
Podcast promotions producer: David Chipakupaku
Editors: Paul Stanworth and Philly Beaumont

Transcript

Click on a timestamp to play from that location

0:00.0

As we're all noticing the supermarket shop, fuel at the petrol station, our energy bills,

0:07.0

they're all going up and up and up. Extra help has been promised.

0:14.0

We're going to give people a £150 £1. Council tax rebate to help with the cost of energy. The Chancellor's first big announcement was to cut fuel duty by five pence until March next year.

0:25.6

The Chancellor told MPs today that a rebate on energy and gas bills for every household

0:30.6

will be doubled from £200 to £400, and it won't now have to be repaid.

0:36.6

But do you know if you're getting what you're entitled to as the cost of living crisis takes hold?

0:42.3

The government says its package of support will total £37 billion this year,

0:47.3

with the two people wanting to be Britain's next Prime Minister offering other ideas too.

0:53.3

There is an element of wiggle room, if we're honest. But how much can any Prime Minister offering other ideas too. There is an element of wiggle room, if we're honest.

0:56.1

But how much can any Prime Minister actually give?

0:59.9

I'm Chloe Culpin in for Neil Patterson and this is the Sky News Daily.

1:06.9

Inflation hit a 40-year record high of 10.1% in July, and the latest official data shows regular wages excluding bonuses, saw a record average fall of 4.1% on the year in the three months to June. So things are costing more and we're earning less. It's looking like we're approaching a tough autumn and winter.

1:29.1

On this episode, we Pamela personal finance expert for some sensible advice on how to get the

1:33.8

help you're entitled to, and Sky's business presenter Ian King will look at any extra measures

1:38.3

we might see from the next Prime Minister. But first, the rising cost of living is affecting us all.

1:47.6

My name is Karen Isaac. I live in Canterbury in Kent. I've got three children, one still at home, one little dog still left. I've got two

1:55.3

part-time jobs and I'm also on a small amount of universal credit depending on what I earn obviously every month.

2:02.7

The rising cost of living is really affecting me and my family.

2:06.0

It's every day prices go up.

2:09.0

You go into a shop.

2:10.1

They've gone up 25p 50p.

2:12.1

Everything is going up and so it's a big, big worry.

...

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