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Coffee House Shots

What's this EFFing crisis about?

Coffee House Shots

The Spectator

News, Politics, Government, Daily News

4.42.1K Ratings

🗓️ 2 October 2021

⏱️ 14 minutes

🧾️ Download transcript

Summary

Ministers are bracing for the ‘EFFing crisis’ - that’s energy, fuel and food. As shortages are set to continue for months ahead, the knock-on effects of the EFFing crisis have started to snowball. Will families have a turkey for Christmas? Will inflation cause the costs of living to spiral out of control? Can businesses cope with labour shortages?

Katy Balls is joined by James Forsyth and Kate Andrews to discuss.

Transcript

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0:00.0

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0:06.1

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0:16.7

Hello and welcome to a special Saturday edition of Coffee House Shots. I'm Katie Balls and I'm joined by James Forsyfe and Kate Andrews.

0:24.7

And we're here to talk about the effing crisis. No, that's not me trying not to completely swear in front of James Forsyth so he doesn't blush.

0:32.4

That is the new term as disclosed by James in his Times column, for the crisis that the government is

0:39.1

most concerned about, effing. There's energy, fuel and food. Perfect storm of factors that

0:45.1

means that despite the Tories leading in the polls, ministers are very nervous leading up to the winter.

0:50.7

James, we've had a lot about fuel shortages this week, but bigger picture, why are they so concerned?

0:56.1

They're concerned because even cabinet optimists think that you are going to get flare-ups of these supply chain crises throughout the autumn

1:03.2

because there is fundamentally a shortage of HGV drivers, Lorry drivers in this country,

1:08.5

and pretty much everything in this country goes at least the final bit of a journey by Lorry. So if you don't have enough Lorry drivers, lorry drivers in this country, and pretty much everything in this country goes

1:10.9

at least the final bit of a journey by lorry. So if you don't have enough lorry drivers,

1:15.3

you're going to have problems in terms of having enough of stuff. So energy is the rising gas

1:21.7

prices, which are a global phenomenon. And that is only going to get worse. Just look at the

1:26.3

news this week that the Chinese government have told Chinese energy companies secure supplies by whatever price necessary. I think this

1:32.8

energy crunch that you are seeing hitting the UK and the EU economy is going to get more pronounced.

1:39.8

Then you have got fuel, which you've seen at the moment. We still haven't, I mean, things are less bad than they were, and it is not as bad as

1:47.7

the kind of pre-COVID panic buying because there's a limit, basically, most people store fuel

1:54.0

in the tank of their car, and once they filled that up, they don't fill up again.

1:56.9

But given you haven't got enough HGV drivers, you're going to be running permanently on a lower level of supply than you would be comfortable with. And third is food. You know,

2:05.1

Christmas is a big strain on the food supply chain even in normal times. And those,

2:10.8

those supply chains are under particular pressure because lots of those industries relied on

...

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