Cost of Living Special
Money Box
BBC
4.2 • 825 Ratings
🗓️ 2 July 2022
⏱️ 28 minutes
🧾️ Download transcript
Summary
Every time we buy food, put fuel in our car, or get an energy bill the cost of living hits us where it hurts - in our pocket. Prices are rising faster than at any time in the last 40 years and that is not predicted to get any better until well into next year. However, does the standard measure of prices rising overall by 9% a year reflect the reality of households? We'll hear from Jill Leyland of the Royal Statistical Society and from Michael Hardie of the Office for National Statistics about this.
We'll also speak to families who find themselves unable to afford essential costs. Our reporter Elisabeth Mahy visits Oakham in Rutland to see a beautician with two children, who is finding her money won’t stretch as far as she needs.
New data from the market research company NielsenIQ explores how our supermarket shopping habits are changing.
And we’ll hear from some online advice groups about what, if anything, we can change to reduce the impact of the cost of living crisis.
Presenter: Paul Lewis Reporter: Elisabeth Mahy Researchers: Sandra Hardial and Amber Mehmood Editor: Jess Quayle
(First broadcast 12noon, Saturday 4th June, 2022)
Transcript
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| 0:00.0 | You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one. |
| 0:06.5 | I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds. |
| 0:11.2 | I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects, |
| 0:16.0 | relationships, identity, comedy, even one that mixes poetry, music and inner city life. |
| 0:22.4 | So one day I'll be helping host develop their ideas, the next fact-checking, a feature, |
| 0:28.3 | and the next looking at how a podcast connects with its audience, and maybe that's you. |
| 0:33.6 | So if you like this podcast, check out some others on BBC Sounds. |
| 0:39.5 | BBC Sounds, music, radio podcasts. |
| 0:43.3 | Hello, welcome to this Moneybox podcast, which looks at the cost of living crisis. |
| 0:49.1 | Every time we buy food, put fuel in our car or get an energy bill, the cost of living hits us where it hurts |
| 0:55.3 | in our pocket. Prices are rising faster than at any time in the last 40 years, and that's |
| 1:00.6 | not expected to get any better until well into next year. Over the past few weeks, we've heard |
| 1:06.0 | from lots of listeners who are being affected by rising bills. Claire is one. She and her husband have two children |
| 1:12.1 | and she told us a few weeks ago they had to stop their daughters advanced swimming lessons |
| 1:16.5 | because they needed the money to pay their heating bills. We went back to her this week and asked |
| 1:22.3 | how inflation is affecting her now. Two of the biggest things that are impacting us as a family is the cost of diesel |
| 1:30.8 | to run our cars, which we have two of. We haven't filled up a tank in a long time. My husband will |
| 1:39.5 | easily do 40 pounds worth a week in his car. |
| 1:44.8 | The other thing is the cost of food. |
| 1:47.3 | What he earns just puts us over the threshold for like claiming free school meals for my daughter. |
| 1:52.4 | We are in that bracket where we're not poor enough to get additional help, |
| 1:58.2 | but we're not above to not worry about it. Does that make sense? |
... |
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