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Coffee House Shots

Would Starmer's energy plan work?

Coffee House Shots

The Spectator

Politics, Daily News, News

4.42.2K Ratings

🗓️ 15 August 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

Keir Starmer has unveiled a £29 billion plan to freeze energy bills for six months. Under his proposals, the Labour leader said Brits would not face the enormous price hikes anticipated in October and January. 

But is his idea a serious one? Where would the money come from? And how have the Tories responded? Isabel Hardman speaks to Fraser Nelson and Katy Balls.

Produced by Max Jeffery.

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Transcript

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0:00.0

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0:04.9

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0:10.6

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0:13.0

To subscribe today, go to spectator.co.uk forward slash unlimited.

0:17.8

Hello and welcome to your coffee house shop,

0:23.8

a spectator's daily politics podcast.

0:25.8

I'm Isabelle Hardman and I'm joined by Fraser Nelson and Katie Bulls.

0:29.7

Well, Keir Starmer is back from holiday and he's back with a bang.

0:34.3

Is that too complimentary?

0:36.3

He's been announcing a new policy to deal with rising energy bills.

0:41.8

Here's what he had to say.

0:43.2

Our proposal, which is to prevent those energy prices going, increases going forward,

0:49.9

will also dampen inflation and therefore the money that would otherwise be paid on our debt

0:55.1

because inflation is so high, would not have to be paid.

0:57.6

So that's how we'll pay for it.

0:59.1

As you said, just a moment ago, millions of families are really struggling to make

1:04.4

ends meet, to pay their bills and the price cap is going to go from just under about £2,000

1:11.4

per household to £3,500 in October and then to £4,200 in January.

1:17.4

Katie, just bring us up to speed on the details of the policy.

1:20.5

So Keir Starmer, as you say, is big intervention and ultimately is to freeze the energy price

1:26.3

cap.

1:27.3

So the rise that is expected in October, that we still have the exact figures on, but all

...

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