Making a Spring Statement
Newscast
BBC
4.3 • 6.6K Ratings
🗓️ 23 March 2022
⏱️ 32 minutes
🧾️ Download transcript
Summary
Spring is in the air… along with inflation and a rise in the cost of living.
The Chancellor, Rishi Sunak, unveiled his Spring Statement today against a backdrop of rising inflation at home, and economic uncertainty abroad amid the Ukraine crisis.
To help pore over the pennies, percentages and decimal points in the Chancellor’s plans, Adam is joined by Laura, the BBC’s Evan Davis and Gareth McNab from debt counselling charity Christians Against Poverty.
Also… Phil McCann is at a petrol station in Chester to discuss the fuel duty cut.
Today’s Newscast was made by Tim Walklate, with John Murphy and Ben Cooper. The studio director was Mike Regaard. The assistant editor was Alison Gee.
Transcript
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| 0:00.0 | Hello, well we finally got the spring statement, that sort of not budget but quite budget like |
| 0:09.7 | event from the chancellor, which the treasury wanted to be quite low key but because of |
| 0:14.2 | various things we've been talking about for the last few months it ended up being kind |
| 0:17.2 | of higher key in a bigger deal. And at the centre of it one of the measures was something |
| 0:22.4 | that is in the newscast basket of goods, it is a letter of unleaded petrol. |
| 0:29.0 | No, when we're talking about petrol the person I want to hear from is the legendary Phil |
| 0:33.8 | McCann who's here. Hello Phil. Hi Adam, hello. Now we last spoke to you when you were |
| 0:39.3 | covering the fuel shortage and you went viral because everyone thought it was hilarious |
| 0:43.0 | that we sent someone called Phil McCann to a petrol station. I'm guessing you're in another |
| 0:46.8 | petrol station now. Yes I'm at another petrol station now I mean what kind of place would |
| 0:52.7 | I rather be, honestly, a petrol station. Which petrol station are you at? This is the BP |
| 0:59.1 | Spa Starbucks kind of petrol station on Rekson Road just on the outskirts of Chester |
| 1:04.7 | which are drive past quite a lot and it is one of the more expensive ones in the area. |
| 1:09.0 | Well you're in the perfect place because we're recording this episode of newscast at 7pm |
| 1:12.6 | on wednesday and at 6pm today 5pm later came off the fuel duty that the government puts |
| 1:20.3 | on fuel. Have you witnessed the 5p per litre coming off Phil? Well I didn't experiment |
| 1:28.1 | so I swung past here at about 5pm and the price of them that it then was 172.9 per litre |
| 1:35.8 | and the price now is 172.9 per litre. So that's a big no from here but that shouldn't |
| 1:43.1 | be surprising because I've seen some of the supermarkets in the St. Petersburg and |
| 1:47.2 | Asda have said they will pass this duty cut on tonight but they're under no obligation |
| 1:53.2 | to do so and actually if you think about it from the kind of point of view of the petrol |
| 1:58.1 | for courts themselves. When they bought the petrol that's now in the pumps at places like |
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