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Coffee House Shots

Isabel Hardman's Sunday Roundup - 10/10/21

Coffee House Shots

The Spectator

News, Politics, Government, Daily News

4.42.1K Ratings

🗓️ 10 October 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

Isabel Hardman presents the highlights from Sunday's political shows, with Kwasi Kwarteng, Jonathan Reynolds, Lord Heseltine and Dr Jenny Harries. 

Transcript

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0:00.0

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0:09.6

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0:18.4

Hello and welcome to Coffee House Shultz, the Spectator' Daily Politics Podcast. I'm Isabel Hardman,

0:24.8

and this is the Sunday Roundup. The business secretary, Kwaziquarteng, joined Andrew Ma this morning

0:30.4

amid a time of turmoil in the energy markets. Wholesale gas prices have risen by 250% since January,

0:37.2

and by as much as 70% since August,

0:40.3

when the market regulator of Gem announced its latest price cap for consumers.

0:45.3

With 12 energy companies already having gone busts since the start of the year,

0:49.3

the government is facing calls within the industry to increase the price cap so that pressure can be eased on smaller firms.

0:56.0

As you will know, the key lever, the key way we protect consumers, is through the price cap.

1:02.0

You will also know that many of the industry players have suggested maybe we lift the price cap, maybe it's a temporary change to it. But I've been very resolute and

1:12.6

clear that the price cap stays. A temporary change, you've said. A lot of the industry would like

1:18.0

you to shift the next change in the price cap from April back to January. They say that would

1:22.6

help them hugely. Is that something you're looking at? So let me be very clear about the price cap.

1:31.3

The price cap was set in August for the sixth month period between the 1st of October and the 1st of April.

1:32.3

That isn't going to change.

1:33.3

Not going to change.

1:34.3

That's not going to change.

1:35.3

And I've been very clear about that.

1:36.3

And the reason why it isn't is because we need to protect consumers.

1:40.3

That's been my first and foremost objective to protect consumers from the wild spikes

1:45.3

and prices. Trevor Phillips asked Quarteng about any potential relief that the government might

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