Energy costs: your questions answered
Money Box
BBC
4.2 • 825 Ratings
🗓️ 9 July 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
This week, energy analysts Cornwall Insight predicted that the already record breaking price for energy will rise further and the annual cost for a typical household would be £2880, which is £900 more than it is now. The Chancellor has promised more help but the questions we've received recently show that many listeners are still not clear about exactly what they will get and when. Our reporter Dan Whitworth finds investigates how it will work for people who live in park homes or pay their utility bill direct to their landlord.
Some vulnerable people are being excluded from using their own money to shop online, as a result of new procedures imposed across the banking industry in March. We speak to UK Finance about what the banks are doing to make new anti-fraud features usable by people who are disabled, getting old, or don't have a mobile phone signal.
New figures from HMRC have revealed that 61% of eligible families are not claiming tax-free childcare, missing out on billions of pounds in savings. It comes as the Social Market Foundation announces a cross-party commission, that will work to analyse the impact of poor childcare provision on wages and poverty. We speak to John Penrose, the conservative MP, who will be part of the commission.
Also, who gets what from the hundred pounds it now costs us to fill up a reasonably sized car?
Presenter: Paul Lewis Reporter: Dan Whitworth Researcher: Sandra Hardial Editor: Jess Quayle
(First broadcast 12noon, Saturday 11th June, 2022)
Transcript
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| 0:00.0 | On a winter's night in 1974, a crime took place that would obsess the nation. |
| 0:07.0 | It was an extraordinary news story. |
| 0:09.0 | The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny, |
| 0:14.0 | mistaking her for his wife, then somehow just disappeared. |
| 0:18.0 | One of the great mysteries in English criminal history. We're still looking for |
| 0:21.7 | Lucan. It's honestly one of the most powerful stories of my lifetime. I'm Alex Fontunzelman. |
| 0:27.4 | This is The Lucan Obsession. Listen on BBC Sounds. |
| 0:32.7 | BBC Sounds, music, radio, podcasts. Hello, welcome to this Moneybox podcast. |
| 0:39.1 | What are the banks doing to make new anti-fraud features usable by people who are disabled, or just getting old? |
| 0:45.8 | Who gets what, from the £100 it now costs us to fill up a reasonably sized car? |
| 0:51.9 | And why is childcare in the UK, some of the most expensive in the world? |
| 0:56.5 | But first, a new estimate this week of how much the capped price of energy will be from October, |
| 1:02.1 | and guess what? It's more than we thought last week. Cornwall Insight, the energy analysts, |
| 1:07.3 | now predict, that the already record-breaking price will rise further than they had |
| 1:11.6 | predicted, pushing the annual cost for a typical household to £2,880. That's £900 more than now, |
| 1:20.3 | and it could go even higher early in 2023. This incredible rise in the price of energy, which will |
| 1:26.4 | more than double in a year, is one of the issues you contact us about most. |
| 1:30.7 | The Chancellor has promised £15 billion to help, but the questions we've received recently show that many listeners are still not clear about exactly what they'll get and when. |
| 1:40.6 | Dan Whitworth's here, he's been going through them. He's with me in our Salford studio, Dan. |
| 1:44.8 | Well, these questions, Paul, all come off the back of that multi-billion-pound support package |
| 1:49.3 | you mentioned announced by the Chancellor at the end of May. |
| 1:52.6 | Now, as ever, the devil is in the detail, and some listeners have been contacted us, |
... |
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