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Aug 25, 2022
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simonjack was saying this is a problem support and fast.rope are grappling with at the moment but here, there is a tory leadership contest under way and that has suspended decision—making over the summer. the two contenders vying for thejob summer. the two contenders vying for the job have so far been pretty coy at spelling out precisely what they will do to help people over the winter. there was a hosting in norwich this evening and rishi sunak again said he would cut vat from energy bills, he also said he would if he won provide more direct support to those on the lowest income and pensioners but hasn't spelt out how these sums will add up. liz truss will cut green levies from energy bills while emphasising she wants to see tax cuts first and four most. she also said this wasn't a problem that could be sold in six months. both suggested there could be more support for business. behind the scenes there is work going on as brainstorming going on within the treasury, think tanks are churning out ideas, the business secretary has met with ene
simonjack was saying this is a problem support and fast.rope are grappling with at the moment but here, there is a tory leadership contest under way and that has suspended decision—making over the summer. the two contenders vying for thejob summer. the two contenders vying for the job have so far been pretty coy at spelling out precisely what they will do to help people over the winter. there was a hosting in norwich this evening and rishi sunak again said he would cut vat from energy bills,...
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Aug 17, 2022
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simonjack, bbc news, leicester.ces are eating into household budgets, with wages unable to keep pace. it's a huge challenge for the new prime minister, taking office next month. the candidates, liz truss and rishi sunak, have been in belfast today, laying out their plans to tackle inflation. 0ur ireland correspondent emma vardy has that story. popping to the shops means making difficult choices now. a full trolley is becoming tough to afford. ifind i'm not buying as much expensive meat. and cheaper versions of stuff. that there came to 20 odd pounds. there's not much in there. how are you making ends meet? struggling. struggling big time. what will it be like for you this winter? bad, bad. electricity runs down low so quickly, especially now with the hike in the prices. i go out and i turn everything off so that when you are not in the home there is nothing being used. energy prices have risen sharply in northern ireland and more hikes announced just this morning. there is no energy price cap here to protect people
simonjack, bbc news, leicester.ces are eating into household budgets, with wages unable to keep pace. it's a huge challenge for the new prime minister, taking office next month. the candidates, liz truss and rishi sunak, have been in belfast today, laying out their plans to tackle inflation. 0ur ireland correspondent emma vardy has that story. popping to the shops means making difficult choices now. a full trolley is becoming tough to afford. ifind i'm not buying as much expensive meat. and...
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Aug 17, 2022
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simonjack, bbc news, leicester.cy, nasa, which is preparing to launch a new rocket to the moon. it's just been rolled out to a launch pad, ahead of it's first flight, currently scheduled for august 29th. if the mission is successful, it could pave the way for astronauts, heading back to the moon. our science editor, rebecca morelle, has the details. inch by inch, slowly and carefully, nasa's new rocket embarks on the first stage of what's going to be a long journey. it's heading towards the launch pad at cape canaveral in florida and getting into position, ready for its maiden flight to the moon, the start of the artemis mission. the rocket is carrying a capsule which will go into lunar orbit, circling the moon before it returns to earth. it's a test flight so there won't be any people inside, but if this works, the next step is to get astronauts on board. jessica meir has already been into space. now she's part of the artemis team and could be selected for a future trip, because nasa's ultimate aim is to see the fi
simonjack, bbc news, leicester.cy, nasa, which is preparing to launch a new rocket to the moon. it's just been rolled out to a launch pad, ahead of it's first flight, currently scheduled for august 29th. if the mission is successful, it could pave the way for astronauts, heading back to the moon. our science editor, rebecca morelle, has the details. inch by inch, slowly and carefully, nasa's new rocket embarks on the first stage of what's going to be a long journey. it's heading towards the...
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Aug 12, 2022
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simonjack, bbc news, north wales.re already affecting many people. it's peak holiday season in ilfracombe in north devon but people there are already feeling the squeeze. jenny kumah reports from a town already worried about the months ahead. the sun is shining and the town is busy with holiday makers. but ilfracombe is a place where housing is expensive, many people earn lower wages and now they are also dealing with rising inflation. chester sleeps at the bottom... and my bed is at the top of the triple bunk. this family of six are living in one room in grandma's two—bedroom bungalow. it's very cosy, very loud and very hot. mum, lisa, is a mental health nurse whose contract ends in october. she and her husband sold their house last year, and they can't afford to buy or rent locally. we've got one of those smart meters in there and all of the energy prices obviously are increasing ridiculously, so we are constantly monitoring it and constantly seeing it and trying to find new ways to do things. it's just really sad.
simonjack, bbc news, north wales.re already affecting many people. it's peak holiday season in ilfracombe in north devon but people there are already feeling the squeeze. jenny kumah reports from a town already worried about the months ahead. the sun is shining and the town is busy with holiday makers. but ilfracombe is a place where housing is expensive, many people earn lower wages and now they are also dealing with rising inflation. chester sleeps at the bottom... and my bed is at the top of...
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Aug 15, 2022
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simonjack, simon jack, thank you.cused of eight counts of rape, one of attempted rape and one of sexual assault against seven young women. the jury at chester crown court heard the offences are alleged to have taken place at mr mendy�*s cheshire mansion between october 2018 and august 2021. the 28—year—old french international denies all the charges. 0ur correspondent judith moritz reports. at the start of his trial today, benjamin mendy was described as a "reasonably famous footballer". the court heard about his world cup victory with france in 2018. and about his success with manchester city, which the jury heard gave him wealth and status, and a privileged and moneyed lifestyle. but, the prosecution said, this case has little to do with football. instead, tim craig qc said... the jury was told that this man, louis saha matturie, was a friend of benjamin mendy�*s and acted as his fixer, arranging parties and introducing the footballer to young women. it's said by the prosecution a stream of women were brought to mr
simonjack, simon jack, thank you.cused of eight counts of rape, one of attempted rape and one of sexual assault against seven young women. the jury at chester crown court heard the offences are alleged to have taken place at mr mendy�*s cheshire mansion between october 2018 and august 2021. the 28—year—old french international denies all the charges. 0ur correspondent judith moritz reports. at the start of his trial today, benjamin mendy was described as a "reasonably famous...
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Aug 25, 2022
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our business editor, simonjack, reports. making the daily bread takes a lot of energy. course, ovens are power hungry and this bakery in suffolk is bracing itself for a crippling rise in bills when its current commercial deal ends. it's a threat many businesses are facing. we'll have no businesses left. i think there's so many locally that i speak to that will just close because they can't afford their electricity bills — i'm just hoping we won't be one of them. it's frightening, to be perfectly honest. i don't know what we're going to do. i'm just hoping that maybe somebody will offer us a lifeline, maybe the government will help. who knows? remember, companies�* energy bills are not limited by any price cap and business leaders want them to get more help and protection. energy prices are disproportionately hitting small and medium—sized businesses. we want to see emergency energy grants for smaller businesses, a reduction in vat from 20% to 5%, and more powers to ofgem to ensure businesses are getting the right fixed rate contracts. this bakery�*s customers will learn
our business editor, simonjack, reports. making the daily bread takes a lot of energy. course, ovens are power hungry and this bakery in suffolk is bracing itself for a crippling rise in bills when its current commercial deal ends. it's a threat many businesses are facing. we'll have no businesses left. i think there's so many locally that i speak to that will just close because they can't afford their electricity bills — i'm just hoping we won't be one of them. it's frightening, to be...
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Aug 12, 2022
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simonjack, bbc news, north wales.to britain after we came second in this year's contest and organisers decided it wouldn't be safe for the winning country, ukraine, to host. 0ur arts correspondent david sillito is in liverpool — one of the cities on the shortlist. fanfare. katie boyle, 1960. good evening, ladies and gentlemen. on behalf of the bbc, i'd like to welcome you all to the fifth annual eurovision song contest. europe thinks the british are reserved! the uk has a long history of staging the eurovision song contest. london, edinburgh, brighton, harrogate and birmingham have all played host. ok, so we know there are seven cities... and on today's shortlist, announced on radio 2, birmingham was — alphabetically — top of the list. glasgow, which recently hosted the cop climate conference, is also there. it's very, very exciting for the city. it's fantastic news. glasgow from the early days had been down as one of the favourites, but you never know until that shortlist appears. so, too, leeds, manchester, newcastl
simonjack, bbc news, north wales.to britain after we came second in this year's contest and organisers decided it wouldn't be safe for the winning country, ukraine, to host. 0ur arts correspondent david sillito is in liverpool — one of the cities on the shortlist. fanfare. katie boyle, 1960. good evening, ladies and gentlemen. on behalf of the bbc, i'd like to welcome you all to the fifth annual eurovision song contest. europe thinks the british are reserved! the uk has a long history of...
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Aug 12, 2022
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simonjack, bbc news, north wales.ergy bills already is not enough, and he expects more will be on offer in october and january. our political correspondent, nick eardley, joins us from westminster. what else did borisjohnson say? how significant are these comments? we have had an admission from the prime minister today that the package, only announced three months ago, just is not going to be enough. the prime minister thinks there is going to be more cash needed. what borisjohnson cannot and perhaps will not say is where that money should go. that is because he is going to be replaced injust over three and a half weeks and he says that it three and a half weeks and he says thatitis three and a half weeks and he says that it is his job to make sure the money is available for whoever gets the keys to number 10. the chancellor is drawing up a list of ready to go options for the next prime minister to choose from. but that lack of immediate action infuriates some. we have heard it called a zombie government, the liberal
simonjack, bbc news, north wales.ergy bills already is not enough, and he expects more will be on offer in october and january. our political correspondent, nick eardley, joins us from westminster. what else did borisjohnson say? how significant are these comments? we have had an admission from the prime minister today that the package, only announced three months ago, just is not going to be enough. the prime minister thinks there is going to be more cash needed. what borisjohnson cannot and...
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Aug 9, 2022
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and simonjack�*s report, thank you very much. people in this country, particularly those most vulnerable and unable at the best of times to truly heat their homes? beyond words. what worried me is there is a risk of something happening, it's nails on. in september of last year there were about 4 million households and what we call fuel poverty, having to spend 10% of their income to afford a decent level of heat. that's just below the weight now. you're talking about people especially our lowest incomes spending three quarters of their disposable income after housing because for them or have their disposable income after housing because on energy bills. that means two things, they're either going to get into huge debt or they simply will not turn on the heat. they will not have a bath or a shower or boil the cattle up with a toasted or wash their clothes for their children. it is literally terrifying. i think we are getting used to it now as these predictions get worse and worse in every worst scenario just comes about faster. th
and simonjack�*s report, thank you very much. people in this country, particularly those most vulnerable and unable at the best of times to truly heat their homes? beyond words. what worried me is there is a risk of something happening, it's nails on. in september of last year there were about 4 million households and what we call fuel poverty, having to spend 10% of their income to afford a decent level of heat. that's just below the weight now. you're talking about people especially our...
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Aug 26, 2022
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the bbc�*s business editor simonjack reports. abby dezso is a single mum living in ipswich.—timejob which earns her £1000 a month, but her energy bill is going up from £80 to £250 in october, which she will struggle to find. is there anything you can cut? honestly. . . no. as she looks at her stretched budget, her primary concern is for her children. you don't want them to go without, so as long as they're fed, that's my main priority. as long as i fed them, i don't really mind. if i can sort them out, i'm happy with a bit of toast, that doesn't bother me. but you just know that they're going to end up going without. announcing the new prices this morning, the regulator said it would fall to government to help households face this crisis. the truth is, this is beyond the capacity of the regulator and the industry to address. so, what we are saying today is we have ten days now until we have a new administration and we have a new prime minister and a new ministerial team. what i am clear about is the prime minister, with his or her ministerial team, will need to act urgently
the bbc�*s business editor simonjack reports. abby dezso is a single mum living in ipswich.—timejob which earns her £1000 a month, but her energy bill is going up from £80 to £250 in october, which she will struggle to find. is there anything you can cut? honestly. . . no. as she looks at her stretched budget, her primary concern is for her children. you don't want them to go without, so as long as they're fed, that's my main priority. as long as i fed them, i don't really mind. if i can...
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Aug 17, 2022
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our business editor, simonjack, has the full story. 0nce inflation takes hold it can be hard to snuffng oil and gas prices have now found their way into the price of food of all kinds, as leicester restaurant owner shaaf islam showed me. 0il, big one, vegetable oil, especially rapeseed, that's gone up from £21 to £42.99 but everything in here has gone up. he said his business was facing pressures every bit as challenging as the pandemic if not more so. i thought covid was bad but this compared to covid, this is far, far worse because at least with covid we had some sort of little support from the government which kept us ticking over but my biggest worry is that people will stop coming out, without any help, without any control over the energy cost by the government, there doesn't seem to be any. i am really scared of the future. the last time inflation was this high, in 1982, the uk was emerging from an inflation—induced recession. today's10% number also underestimates the impact on poorer households who spend more of their income on essentials like energy and food which have soared
our business editor, simonjack, has the full story. 0nce inflation takes hold it can be hard to snuffng oil and gas prices have now found their way into the price of food of all kinds, as leicester restaurant owner shaaf islam showed me. 0il, big one, vegetable oil, especially rapeseed, that's gone up from £21 to £42.99 but everything in here has gone up. he said his business was facing pressures every bit as challenging as the pandemic if not more so. i thought covid was bad but this...
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Aug 26, 2022
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but first, here's our business editor simonjack. abby is a single mum living in ipswich. price rise will hit her hard. she has a part—timejob which earns her £1000 a month, but her energy bill is going up from £80 to £250 in october, which she will struggle to find. is there anything you can cut? honestly. . . no. as she looks at her stretched budget, her primary concern is for her children. you don't want them to go without, so as long as they are fed, that's my main priority. as long as i fed them, i don't really mind. if i can sort them out, i'm happy with a bit of toast, that doesn't bother me. but you just know that they're going to end up going without. announcing the new prices this morning, the regulator said it would fall to government to help households face this crisis. the truth is, this is beyond the capacity of the regulator and the industry to address. so, what we are saying today is we have ten days now until we have a new administration and we have a new prime minister and a new ministerial team. what i am clear about is the prime minister with his or her
but first, here's our business editor simonjack. abby is a single mum living in ipswich. price rise will hit her hard. she has a part—timejob which earns her £1000 a month, but her energy bill is going up from £80 to £250 in october, which she will struggle to find. is there anything you can cut? honestly. . . no. as she looks at her stretched budget, her primary concern is for her children. you don't want them to go without, so as long as they are fed, that's my main priority. as long as...
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Aug 12, 2022
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simonjack, bbc news, north wales. the timeline has expired to objects to the release of...go, some of the marked top secrets. these documents would have been removed generally last year, when the president left office, and early reports said some document may have related to nuclear weapons. as i say, the warrant has now been published widely in us media. this is what david weinstein had to say. i expect all of us will be able to see exactly what statutes the federal government believe have been violated, and then we will see what documents they were looking to retrieve, what evidence they were looking to collect, and then finally, on the inventory of what they took, it is not going to be what we all helped that it would show us. it will generally be redacted to some degree, and they are not going to specifically name any specific document. they will tell us if they took a box of doctrines out of room run, if they took other documents out of estate or other documents out of a file cabinet —— documents out of room one. we are not going to know specifically what doctrines wer
simonjack, bbc news, north wales. the timeline has expired to objects to the release of...go, some of the marked top secrets. these documents would have been removed generally last year, when the president left office, and early reports said some document may have related to nuclear weapons. as i say, the warrant has now been published widely in us media. this is what david weinstein had to say. i expect all of us will be able to see exactly what statutes the federal government believe have...
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Aug 17, 2022
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simonjack, bbc news, leicester.ting into household budgets, with wages unable to keep pace. it's a huge challenge for the new prime minister taking office next month. the candidates, liz truss and rishi sunak, have been in belfast today laying out their plans to tackle inflation. 0ur ireland correspondent emma vardy has that story. popping to the shops means making difficult choices now. a full trolley is becoming tough to afford. i haven't bought as much expensive meat. cheaper versions of stuff. there's not much in there. how are you making ends meet? struggling. struggling to maintain. what will it be like for you this winter? bad, bad. electricity runs down lowl so quickly, especially now with the hike in the prices. i go out and i turn everything off, so that when you're not in the home, there's nothing being used. energy prices have risen sharply in northern ireland, and more hikes were announced just this morning. stephanie, a single mum, is finding her budget for food and petrol is just getting eaten up on t
simonjack, bbc news, leicester.ting into household budgets, with wages unable to keep pace. it's a huge challenge for the new prime minister taking office next month. the candidates, liz truss and rishi sunak, have been in belfast today laying out their plans to tackle inflation. 0ur ireland correspondent emma vardy has that story. popping to the shops means making difficult choices now. a full trolley is becoming tough to afford. i haven't bought as much expensive meat. cheaper versions of...
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Aug 23, 2022
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our business editor simonjack is with me.s and the industry does have a plan, it has garnered support which was presented to ministers in westminster last week and it would involve freezing all bills where they are right now, at £2000, involve freezing all bills where they are right now, at e2000, and lending government backed loans to the government company so they can go out and buy the gas at these enormously high prices but still charge the same prices now. they estimate to do that over two years would now cost £100 billion so to give you a sense of perspective, the furlough scheme will we paid the wages of 11 million people that cost £70 billion, so ministers are now considering this, and there is self interest from the energy companies, they know millions of people simply won't pay the bills in winter because they can't, so what happens then? they need big government support, to help people pay those bills, or the big ones that are left may follow the dozens of others we saw go bust into insolvency. thanks for “oininu s
our business editor simonjack is with me.s and the industry does have a plan, it has garnered support which was presented to ministers in westminster last week and it would involve freezing all bills where they are right now, at £2000, involve freezing all bills where they are right now, at e2000, and lending government backed loans to the government company so they can go out and buy the gas at these enormously high prices but still charge the same prices now. they estimate to do that over...
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Aug 10, 2022
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our business editor simonjack has this report. i spoke to suzanne in february this year.s worried about average energy bills rising to almost £2000 in april and now it is estimated that come january they'll be double that. how did you feel now? it double that. how did you feel now? , , . . , double that. how did you feel now? , , , , now? it is scary. it is my biggest _ now? it is scary. it is my biggest concern - now? it is scary. it is my biggest concern as - now? it is scary. it is my biggest concern as a - now? it is scary. it is my - biggest concern as a mother, to be honest, financial security and making sure that everybody can have what they need. i think the uncertainty around it and a rise in october and a rise injanuary, that is where it really makes me nervous. the amount energy _ it really makes me nervous. the amount energy companies are allowed to charge a household, the price, has rocketed in 18 months partly because of surge in energy demand after cobit exacerbated by fears that russian gas supplies will either be shunned or shut off and experts now estima
our business editor simonjack has this report. i spoke to suzanne in february this year.s worried about average energy bills rising to almost £2000 in april and now it is estimated that come january they'll be double that. how did you feel now? it double that. how did you feel now? , , . . , double that. how did you feel now? , , , , now? it is scary. it is my biggest _ now? it is scary. it is my biggest concern - now? it is scary. it is my biggest concern as - now? it is scary. it is my...
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Aug 26, 2022
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but first, here's our business editor, simonjack. abby dezso is a single mum living in ipswich.e will hit her hard. she has a part—timejob which earns her £1000 a month, but her energy bill is going up from £80 to £250 in october, which she will struggle to find. is there anything you can cut? honestly. . . no. as she looks at her stretched budget, her primary concern is for her children. you don't want them to go without, so as long as they're fed, that's my main priority. as long as i fed them, i don't really mind. if i can sort them out, i'm happy with a bit of toast, that doesn't bother me. but you just know that they're going to end up going without. announcing the new prices this morning, the regulator said it would fall to government to help households face this crisis. the truth is, this is beyond the capacity of the regulator and the industry to address. so, what we are saying today is we have ten days now until we have a new administration and we have a new prime minister and a new ministerial team. what i am clear about is the prime minister, with his or her ministeri
but first, here's our business editor, simonjack. abby dezso is a single mum living in ipswich.e will hit her hard. she has a part—timejob which earns her £1000 a month, but her energy bill is going up from £80 to £250 in october, which she will struggle to find. is there anything you can cut? honestly. . . no. as she looks at her stretched budget, her primary concern is for her children. you don't want them to go without, so as long as they're fed, that's my main priority. as long as i...
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Aug 9, 2022
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our business editor simonjack has the latest. i spoke to suzanne in february of this year.en, on maternity leave, she was worried about average energy bills rising to nearly £2,000 in april. it's now estimated that comejanuary they will be more than double that. so how does she feel now? it's scary, it's my biggest concern as a mother, to be honest. financial security, and just making sure that everybody can have what they need. i think the uncertainty around it, around the rise in october and then a rise injanuary, that's where it really makes me nervous. the amount energy companies are allowed to charge the average household, the price cap, has rocketed in the last 18 months. partly because of a surge in energy demand after covid, but exacerbated by fears that russian gas supplies will either shunned by europe or shut off by russia. experts now estimate the price cap could exceed £3,500 a year in october and more than 4,200 byjanuary. that is hundreds of pounds more than estimates from just last week, as wholesale prices have remained high and the method of setting the ca
our business editor simonjack has the latest. i spoke to suzanne in february of this year.en, on maternity leave, she was worried about average energy bills rising to nearly £2,000 in april. it's now estimated that comejanuary they will be more than double that. so how does she feel now? it's scary, it's my biggest concern as a mother, to be honest. financial security, and just making sure that everybody can have what they need. i think the uncertainty around it, around the rise in october and...
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Aug 26, 2022
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the bbc�*s business editor, simonjack, reports.nd electricity bills of £296 per month go into the winter will be unthinkable. some predictions suggest they could go north of £500 a month next year, more than an average household's monthly income tax bill. out all those together and you get a giant dent in the economy, a significant clinical challenge for the new prime minister. we can do some calculations. it would cost the government an additional £18 billion if it wants to be as comparatively generous as it was in a. —— and may. you could expect to double that. if the increase in the cap could be scrapped for everyone, the cost would be £90— 100 billion. you scrapped for everyone, the cost would be £90-100 billion. you can aruue would be £90-100 billion. you can an ue that would be £90-100 billion. you can argue that once _ would be £90-100 billion. you can argue that once price _ would be £90-100 billion. you can argue that once price rises - would be £90-100 billion. you can argue that once price rises are - would be £90-100 bi
the bbc�*s business editor, simonjack, reports.nd electricity bills of £296 per month go into the winter will be unthinkable. some predictions suggest they could go north of £500 a month next year, more than an average household's monthly income tax bill. out all those together and you get a giant dent in the economy, a significant clinical challenge for the new prime minister. we can do some calculations. it would cost the government an additional £18 billion if it wants to be as...
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Aug 2, 2022
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our business editor, simonjack, is here.eople watching to hear about these enormous profits at a time when they are agonising over their utility bills. , , , , , bills. yes, they sit pretty uncomfortably _ bills. yes, they sit pretty uncomfortably next - bills. yes, they sit pretty uncomfortably next to i bills. yes, they sit pretty i uncomfortably next to each bills. yes, they sit pretty - uncomfortably next to each other because as kerry was saying, the same high oil and gas prices which are causing hardship for millions of people are creating profit bonanza is at places like bp, shell, last week, they had record profits, and i think what makes it even worse for some people is that what bp said today, it will take 60% of its excess profits and give £3 billion in the next three months to its shareholders. they do include some pension funds, but those people facing the worst of the cost of living crisis are those least likely to have big pension savings. 0n the flip side, if they make more money, they pay more tax and you re
our business editor, simonjack, is here.eople watching to hear about these enormous profits at a time when they are agonising over their utility bills. , , , , , bills. yes, they sit pretty uncomfortably _ bills. yes, they sit pretty uncomfortably next - bills. yes, they sit pretty uncomfortably next to i bills. yes, they sit pretty i uncomfortably next to each bills. yes, they sit pretty - uncomfortably next to each other because as kerry was saying, the same high oil and gas prices which are...
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Aug 2, 2022
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our business editor, simonjack, has all the details.is stark — the same high oil and gas prices creating hardship for millions of families is fuelling a profit bonanza for the companies that sell it. the boss of bp said today he acknowledged the challenges facing consumers. in terms of cost of living, it's a very, very difficult place for people, notjust, by the way, in the uk, but right across the world right now. that's something that is absolutely... we understand that, we get it, our people inside the company get it. they want to help. bp also said that in the next three months, it would pay out £3 billion to its shareholders, which do include pension funds, but those most vulnerable to the energy crisis are least likely to have private pensions, people like graham... this is what i get from the food bank. ..living on a state pension, using food banks and forced to ration his use of appliances. i'm not using hardly anything because i don't have the oven on with the hub on, because it costs too much. i'm just using the microwave and
our business editor, simonjack, has all the details.is stark — the same high oil and gas prices creating hardship for millions of families is fuelling a profit bonanza for the companies that sell it. the boss of bp said today he acknowledged the challenges facing consumers. in terms of cost of living, it's a very, very difficult place for people, notjust, by the way, in the uk, but right across the world right now. that's something that is absolutely... we understand that, we get it, our...
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Aug 9, 2022
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our business editor simonjack has the latest. i spoke to suzanne in february of this year.en, on maternity leave, she was worried about average energy bills rising to nearly £2,000 in april. it's now estimated that comejanuary, they'll be more than double that. so how does she feel now? it's scary. it's my biggest concern as a mother, to be honest. financial security, and just making sure that everybody can have what they need. i think the uncertainty around it, around a rise in october and then a rise injanuary, that's where it really makes me nervous. the amount energy companies are allowed to charge the average household, the price cap, has rocketed in the last 18 months, partly because of a surge in energy demand after covid, but exacerbated by fears that russian gas supplies will either be shunned by europe or shut off by russia. experts now estimate the price cap could exceed £3,500 a year in october and more than 4,200 byjanuary. that is hundreds of pounds more than estimates from just last week, as wholesale prices have remained high and the method of setting the ca
our business editor simonjack has the latest. i spoke to suzanne in february of this year.en, on maternity leave, she was worried about average energy bills rising to nearly £2,000 in april. it's now estimated that comejanuary, they'll be more than double that. so how does she feel now? it's scary. it's my biggest concern as a mother, to be honest. financial security, and just making sure that everybody can have what they need. i think the uncertainty around it, around a rise in october and...
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Aug 15, 2022
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our business editor simonjack is here with more details.wo tory leadership candidates, let's remind ourselves of the problem they are all facing. the energy price cap for the average household is currently at just under £2,000 a year, but it's forceast to exceed £3,500 in october and climb to over £4,200 a year injanuary. terrifying numbers. the labour plan would freeze the price cap at current level for six months. that would cost £29 billion for that six—month period, paid for by an extra eight billion in taxes on the oil and gas companies whose profits are soaring. diverting £14 billion of the money the conservative candidates have already pledged to spend on the problem. and by cutting bills, you reduce inflation, saving the government an estimated seven billion on its inflation linked borrowing — some have questioned whether that would really work as the plan is for only six months. rishi sunak is promising to increase the support he announced in may to reflect that prices have risen since then, so he would increase the planned £400 en
our business editor simonjack is here with more details.wo tory leadership candidates, let's remind ourselves of the problem they are all facing. the energy price cap for the average household is currently at just under £2,000 a year, but it's forceast to exceed £3,500 in october and climb to over £4,200 a year injanuary. terrifying numbers. the labour plan would freeze the price cap at current level for six months. that would cost £29 billion for that six—month period, paid for by an...
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Aug 17, 2022
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with me now is our business editor, simonjack.inflation is affecting the poorest households most of all? yes, 10%, we haven't seen that for 40 yes, 10%, we haven't seen that for a0 years, so, shocking but perhaps not unexpected, given what andy was talking about in his piece. but you're right, food and energy are the big increases, and people on low income is spent a much bigger proportion of their income on those. the institute for fiscal studies has done some work, saying, if we get 13% inflation in october, people on the lowest income is will be looking at inflation closer to 18% to 20%, so, really difficult, which is why people are so stricken, when i was out in the streets of leicester yesterday and they wanted to know what further support was coming, and i spoke to the chancellor this morning and he said his main priority was delivering on the package which has already been announced by his predecessor rishi sunak. everyone is desperate for more detail on what extra support will be coming in october. they haven't furnished u
with me now is our business editor, simonjack.inflation is affecting the poorest households most of all? yes, 10%, we haven't seen that for 40 yes, 10%, we haven't seen that for a0 years, so, shocking but perhaps not unexpected, given what andy was talking about in his piece. but you're right, food and energy are the big increases, and people on low income is spent a much bigger proportion of their income on those. the institute for fiscal studies has done some work, saying, if we get 13%...
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Aug 12, 2022
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let's get more from our business editor, simonjack, in chester. from politicians on that key issue of energy bills? t that key issue of energy bills? i really am. i am here that key issue of energy bills? i really am. lam here in that key issue of energy bills? i really am. i am here in chester and this morning i was talking to the chancellor of exchequer nadim zahawi at the airbus factory in north wales and a couple of things struck me. you will remember he is a big member of the team liz truss who so far have prioritised tax cuts over what she has previously called hand—outs in terms of direct support. today hand—outs was replaced with help and he said we will look into the winter to provide more support in october and then injanuary. growing realisation that more help will be needed for consumers who are really terrified about what is coming this winter. 0n the economic picture, as andy was saying, the economy hasn't fallen off a cliff, it has shrunk by 0.1% but the fact remains businesses are seeing their costs soar, they are seeing their cost
let's get more from our business editor, simonjack, in chester. from politicians on that key issue of energy bills? t that key issue of energy bills? i really am. i am here that key issue of energy bills? i really am. lam here in that key issue of energy bills? i really am. i am here in chester and this morning i was talking to the chancellor of exchequer nadim zahawi at the airbus factory in north wales and a couple of things struck me. you will remember he is a big member of the team liz...
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Aug 26, 2022
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our business editor simonjack is with me now. you've been following this story throughout.about the wholesale cost of gas, predominantly. that is not controlled by the government, not controlled by the government, not controlled by the regulator or the companies. that is set by international supply and demand. the supply has been interrupted, as european countries have either shunned russian gas or seen it shut off. we saw a big spike after the invasion of ukraine. in recent weeks what we have seen is companies scramble to get supplies for this winter. an international bidding war for non—russian supplies, things like liquid natural gas, and that has sent the price shooting up, and thatis has sent the price shooting up, and that is the thing driving the big costs. as we saw in those pieces, the bad news is that doesn't look like it's going to change anytime soon, so we are getting dreadful projections forjanuary and april next year which will put... in october alone, next year which will put... in 0ctoberalone, put next year which will put... in october alone, put half all
our business editor simonjack is with me now. you've been following this story throughout.about the wholesale cost of gas, predominantly. that is not controlled by the government, not controlled by the government, not controlled by the regulator or the companies. that is set by international supply and demand. the supply has been interrupted, as european countries have either shunned russian gas or seen it shut off. we saw a big spike after the invasion of ukraine. in recent weeks what we have...
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Aug 15, 2022
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simonjack, our business editor.ardo dos santos published of the incident. he was stopped by metropolitan police officers who believed he was on his phone. the sprinter says he stopped when it was safe to do so. the way they got in front of me, i could have went into the back of them. the way they got in front of me, i could have went into the back of them. and again, for my safety, and based on my previous incidents with them, i thought the best place to stop would be somewhere lit up with the possibility of witnesses. during the incident, dos santos said an officer banged on the window with a clenched fist before taking out a baton. wait, wait, wait! he didn't do anything! the athlete said nothing has changed two years after he and his partner, sprinter bianca williams, were stopped, searched and handcuffed by police. their three—month—old baby was with them at the time. five met police officers face a gross misconduct hearing in response to that case. but responding to sunday's incident, the met police say... the
simonjack, our business editor.ardo dos santos published of the incident. he was stopped by metropolitan police officers who believed he was on his phone. the sprinter says he stopped when it was safe to do so. the way they got in front of me, i could have went into the back of them. the way they got in front of me, i could have went into the back of them. and again, for my safety, and based on my previous incidents with them, i thought the best place to stop would be somewhere lit up with the...
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Aug 25, 2022
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our business editor, simonjack reports. making the daily bread takes a lot of energy. ovens are power hungry and this bakery in suffolk is bracing itself for a crippling rise in bills when its current commercial deal ends. it's a threat many businesses are facing. we'll have no businesses left. i think there's so many locally that i speak to that will just close because they can't afford their electricity bills — i'm just hoping we won't be one of them. it's frightening, to be perfectly honest. i don't know what we're going to do. i'm just hoping that maybe somebody will offer us a lifeline, maybe the government will help. who knows? remember, companies�* energy bills are not limited by any price cap and business leaders want them to get more help and protection. energy prices are disproportionately hitting small and medium—sized businesses. we want to see emergency energy grants for smaller businesses, a reduction in vat from 20% to 5%, and more powers to 0fgem to ensure businesses are getting the right fixed rate contracts. this bakery�*s customers will learn how muc
our business editor, simonjack reports. making the daily bread takes a lot of energy. ovens are power hungry and this bakery in suffolk is bracing itself for a crippling rise in bills when its current commercial deal ends. it's a threat many businesses are facing. we'll have no businesses left. i think there's so many locally that i speak to that will just close because they can't afford their electricity bills — i'm just hoping we won't be one of them. it's frightening, to be perfectly...
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Aug 2, 2022
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simonjack is our business editor. profits and give £3 billion in the next three months to its shareholders. now, they do include some pension funds, but those people facing the worst of the cost of living crisis are the people least likely to have big pension savings. the price of energy has soared on international markets since russia's invasion of ukraine. that's resulted in a major squeeze on people's wallets. it's meant higher prices for petrol — currently at 182 pence — up 25% since the start of the year. and higher gas prices are driving up domestic energy bills — forecast to hit £3,600 a year this winter in england, wales and scotland. families across the country are worried. ruth is a mother of two children. she's been speaking to the bbc. imean, i mean, it's just frightening, really, i mean, it'sjust frightening, really, because it's such a huge amount of money and you can't get around it. there's things you can't change, when it's winter, we have to put the heating on, we have to put the lights on. maybe we
simonjack is our business editor. profits and give £3 billion in the next three months to its shareholders. now, they do include some pension funds, but those people facing the worst of the cost of living crisis are the people least likely to have big pension savings. the price of energy has soared on international markets since russia's invasion of ukraine. that's resulted in a major squeeze on people's wallets. it's meant higher prices for petrol — currently at 182 pence — up 25% since...