4.6 • 3.5K Ratings
🗓️ 14 September 2022
⏱️ 29 minutes
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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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