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Hello and welcome to Coffeyhouse Shots, the Spectators Daily Politics Podcast.

I'm Patrick Givens and I'm joined today by John McTernan and James Heel.

So households have woken up today to the news that the energy regulator off-gen will raise the price cap by almost

10% in October. For a typical household that equates to an annual rise of about 149 pounds.

James that's not good news for households but it's not good news for the government either, right?

Yeah, so we've had a couple of weeks where I think some of the economic data has been a little bit better than expected.

And then we've got this new announcement, I think that energy prices are going out by 9%.

I think that's slightly more than most analysts were foreseeing.

But I think it's worth putting this hiking context, which is that the bills are currently around 120 pounds cheaper than they

worked the cap last year they're obviously nowhere near is kind of serious in terms of the

jump and the hike than they were in 2022, 2023 when arguably they played a role in bringing down some of the trust

government's problems of that period. I think it's a reminder though that some of the

factors which causes previous hikes remain very much at play and it was

interesting to hear what the head of

off gem has to say today which is that the price rise we're announcing

today is driven by reliance on a volatile global gas market that is

too easily influenced by unforeseen international events and the actions of

...