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More or Less: Behind the Stats

Energy crisis plan, imperial measures survey, gardens v national parks

More or Less: Behind the Stats

BBC

Business, Mathematics, Science, News Commentary, News

4.63.5K Ratings

🗓️ 14 September 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

One of Liz Truss's first acts as Prime Minister was to announce a giant plan to protect domestic energy users from huge rises in wholesale gas and electricity costs, meaning a typical household will pay about £1000 less than otherwise would have been the case. We ask how much the Energy Price Guarantee will cost the government and also explain what a “typical” household really is. A consultation has opened into whether we’d like more of our goods and services priced in imperial measures – but some listeners are suggesting a survey on the issue is biased against metric. And we examine a claim made on the BBC’s Springwatch programme that all of the gardens in Newcastle are bigger than the combined size of our national parks. Presenter: Tim Harford Series producer: Jon Bithrey Reporters: Nathan Gower, Charlotte McDonald Production Coordinator: Jacqui Johnson Editor: Richard Vadon

Transcript

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0:00.0

BBC Sounds Music Radio Podcasts

0:04.4

Hello and welcome to More or Less, your weekly guide to the numbers all around us in

0:09.4

the news and in life. This week we fact check Springwatch, never let it be said that we

0:15.2

don't take on the sacred cows. The government has been asking people what they think about

0:20.8

imperial measures, but are they asking somewhat leading questions or asking highly leading

0:27.0

questions. But first, less than 48 hours into the job, the new Prime Minister, Liz Truss,

0:37.4

set out her government's response to the energy crisis in the House of Commons, capping

0:42.1

the soaring price of electricity and gas. It was widely reported as being a big policy

0:48.4

intervention, but with the death of Queen Elizabeth II, there's been little space in the

0:53.1

newspapers to examine just how big. And the answer is, huge, astonishingly huge. For moments

1:02.0

like this, we installed a special red phone in the More or Less offices that go straight

1:06.4

to the headquarters of the Institute for Fiscal Studies. In this week, we have its director

1:11.5

Paul Johnson on the other end of the line. I started by asking him what exactly it was

1:17.4

that the government had announced. Well, the households for probably two years, but certainly

1:23.4

one year, they're looking at holding the average price that a household pays for their

1:29.2

energy at about £2,500 a year. They're also for a shorter period, looking at holding

1:36.0

the price that businesses pay, but there's going to be a review in the meantime and they're

1:41.2

going to come back with more clarity about the longer term policy for business energy

1:47.4

use. So just holding with households for a moment, then, to £2,500 a year for the average

1:54.2

bill, that's less than it would have been more than it was not long ago. Yes, it's about

2:01.2

twice what it was a year ago, a bit more than twice what it's been in real inflation

2:06.9

adjusted terms for a very long time. Actually, energy bills have been remarkably constant

...

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