The cost of living crunch
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 11 January 2022
⏱️ 31 minutes
🧾️ Download transcript
Summary
The cost of living is reaching a crisis - for people trying to pay the bills and for the government under pressure to find solutions. With tax rises looming, energy bills up and inflation on the increase, how bad are things going to get - and what can be done?
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Guests:
James Coney, Money Editor, The Sunday Times.
Jill Treanor, City Editor, The Sunday Times.
Emma from Kent.
Host: Manveen Rana.
Clips: Channel 4,Yahoo News, Sky News, ITV
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Transcript
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| 0:00.0 | It's the story that's becoming impossible to avoid. |
| 0:07.0 | You might have noticed it at the checkout in the supermarket, |
| 0:10.0 | or when you're adding up your monthly bills, |
| 0:12.0 | we're just trying to make sense of your bank balance. |
| 0:16.0 | While everyone was busy worrying about Covid, |
| 0:19.0 | the cost of living, snuck up and hijacked the news agenda. |
| 0:24.0 | Rising food costs, higher energy bills, record petrol prices, |
| 0:29.0 | increasing inflation and an end to furlough, |
| 0:33.0 | and the universal credit uplift. |
| 0:37.0 | The hike in prices means that up to a third of households |
| 0:41.0 | are afraid they won't be able to pay their energy bills this year, |
| 0:44.0 | according to a recent survey. |
| 0:46.0 | And the situation is about to get worse. |
| 0:50.0 | Carme April, most households across the country |
| 0:53.0 | will be hit by higher taxes and rising costs. |
| 0:57.0 | For some households around the country, they are going to find |
| 1:00.0 | things are going to get very tough quite quickly. |
| 1:03.0 | So there's going to be very, very real struggles. |
| 1:05.0 | You're listening to stories of our times, |
| 1:07.0 | from the times and the Sunday times. |
| 1:09.0 | I'm Manvin Rana. |
| 1:11.0 | Today, the cost of living crisis. |
... |
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