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TyskySour: Tory Energy Cap Meltdown

Novara Media

Novara Media

Philosophy, News, Politics, Society & Culture

4.81.4K Ratings

🗓️ 26 August 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

As record energy bills come into view this autumn, Chancellor Nadhim Zahawi has advised people to use less energy. Plus: the fightback against soaring costs and Emily Maitlis’ hypocrisy on BBC impartiality. With Aaron Bastani and Harriet Protheroe-Soltani. _________________________________________________________ Watch Aaron Bastani’s latest video on the postal workers strike: _________________________________________________________ Support Novara Media for as […]

Transcript

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0:00.0

Good evening, my name is Aaron Mastani and welcome to Tisky's cell. Over the next hour,

0:10.7

we'll be bringing you the biggest stories that matter. Tonight, I have the pleasure of

0:15.2

being joined by Harriet, Brother O. Saltani. Harriet, I trust you well. Oh, I well, thanks Aaron.

0:22.5

How's life in Wales? Is it extra sunny up there today? Apparently so, which your camera people

0:28.5

take in the mic out of? It's a nice problem to have. It's not going to stay with us for much

0:34.6

longer, I fear. We've got a lot to talk about and it's relating actually to deteriorating weather,

0:40.0

winter, energy, so we'll get to that. From October, the average household can now expect to pay

0:47.2

over £3.5,000 per year for energy. That's because today, off-gem have raised energy price caps again,

0:54.0

substantially more than many of the predictions we've seen in the last few weeks.

0:58.1

This new figure, over £3.5,000 per year, is an 80% increase on the April cap of almost £2,000 per

1:04.6

year and it's almost three times as much as we were paying in October last year. It's completely out

1:10.1

of control and it's set to get even worse. Off-gem is warned that prices will continue to rise

1:16.1

throughout next year. In January, the current prediction is that the average household bill

1:20.7

will rise to nearly £5.5,000 per year and it'll jump again in April 2023 to over £6,000. That's more

1:29.5

than five times what we were paying in October last year. We should say that not everybody will be

1:35.7

paying this amount in October. If you're in a single or small, average household, you'll pay less

1:41.2

and if you're in a bigger household, you can pay more but you can still expect your bills to go

1:46.6

up by the same proportion whoever you are. If you're in a larger house like I say,

1:51.2

things aren't great but we're all going to suffer. The Joseph Rowan Tree Foundation has released

1:55.9

their report that's worth showing you precisely for this reason. This graph shows how much bills

2:01.2

are going to be as a proportion of household income after housing costs have been paid.

2:06.1

Low-income households will spend four and a half times more for energy next year than they

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