meta_pixel
Tapesearch Logo
Log in
Coffee House Shots

How much will Truss's energy plan cost?

Coffee House Shots

The Spectator

News, Daily News, Politics

4.42.2K Ratings

🗓️ 8 September 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

Today Liz Truss has announced in parliament an energy price cap to tackle rising bills. As of October, the average household energy bill will be frozen at £2,500 for the next two years. How effective will this be? And how have her free market allies reacted to her use of price controls? 

James Forsyth and Katy Balls discuss. 

Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.


For more Spectator podcasts, go to spectator.co.uk/podcasts.


Contact us: podcast@spectator.co.uk


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is sponsored by Canacord Genuity Wealth Management.

0:04.0

Experienced Wealth planners and investment managers who offer unwavering support in challenging times.

0:09.8

Visit kanduwelfth.com for more information.

0:15.2

Welcome to the Inspectorate of Goat House shots. I'm James Syfe and I'm joined by Katie Walsh

0:20.2

from a somber Westminster. There has been news today from Buckingham Palace that the Queen's

0:25.8

doctors are concerned for her health. Lindsay Hoyle, the Speaker of House of Commons, has

0:30.2

updated MPs on her Majesty's condition. But before that announcement, Katie, we had Liz Truss

0:38.6

setting out for government's energy plan. How big is it? Well, it's big, but we don't have the

0:46.4

exact sums because they didn't actually announce how much this was going to cost. The suggestion

0:51.1

is we'll have the figures in terms of how many billion is going towards this. Some of the

0:56.6

reports saying this could be over 100 billion, 150 billion, we don't have that. But when there is

1:01.6

a budget later down the line, we expect to be given the figures. In terms of what it is, it is,

1:07.6

as was widely reported, Liz Truss has said that she will cap average household energy bills

1:14.1

at £2,500 a year from October, and this is to last for two years. She's disgustingly saying

1:20.9

this is the moment to be bold. And I think if you think how the cap was meant to rise,

1:26.5

ultimately to £3,549 from October, this is obviously stopping that huge surge for lots of people.

1:34.9

But people still feel so they're paying a lot more on their energy bills than they were this

1:38.2

time last year. And so Katie, the fact it goes on for two years struck me as significant

1:45.3

because it's essentially a recognition that we're drawing this kind of support before a general

1:51.6

election is essentially politically impossible. But I was also thought it was interesting on business.

1:57.8

It seems that business is not getting two years of certainty. Business is going to get three

2:01.5

months of certainty and then a further evaluation of what support it might need. Now, I think it

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Spectator, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Spectator and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.