Could Truss reverse the windfall tax?
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 12 August 2022
⏱️ 13 minutes
🧾️ Download transcript
Summary
Isabel Hardman speaks to James Forsyth and Katy Balls.
Produced by Max Jeffery.
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Transcript
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| 0:31.0 | Boris Johnson has made another intervention in the cost of living crisis debate. |
| 0:37.0 | James, just bring us up to date with what the Prime Minister has been saying. |
| 0:40.0 | Boris Johnson has said today that there will be more financial support ahead of October and January. |
| 0:47.0 | Those are the next two times that the energy price cap is expected to rise. |
| 0:52.0 | In some ways, I think this is a statement of the obvious. |
| 0:56.0 | When you look at the size of the increases that are coming down the track, |
| 1:00.0 | it is impossible to imagine that the government could not offer more support to people to help deal with them. |
| 1:07.0 | But I think the fact he is saying it now and this refer, I think, shows that the government are concerned. |
| 1:15.0 | Even this outgoing government are concerned that they are getting criticized for potentially giving the impression that there might not be more support |
| 1:25.0 | than there will obviously need to be. |
| 1:27.0 | So while he is not announcing the specifics, I think what he is trying to say is there will be more support. |
| 1:33.0 | Now, that will obviously beg the question of what is that support going to be. |
| 1:37.0 | I think we will probably have to wait until Offgem announced precisely how much the cap goes up by October on August 26, |
| 1:46.0 | which is two weeks away today, before we get start getting specifics from the candidates. |
| 1:52.0 | But I think it is interesting that you are beginning to see the outlines of a plan from within government and also from the candidates. |
| 2:02.0 | It is quite clear now that there is going to have to be more direct targeted support come October and then again come January. |
| 2:12.0 | And I think that January point is important because one of the things that we are seeing here is that with the price cap expected to carry on rising |
| 2:20.0 | and energy bills expect to remain at a very elevated level for at least the next year. |
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