Energy bills

Tuesday

James Heale

Welcome to Terrible Tuesday

14 min listen

Britain’s real economic pain starts today. Overnight, the cost of living has jumped once again: energy, water, broadband, public transport, TV licences – all up. So too are council tax bills, capital gains, and vehicle taxes. And that’s before we even get to the slow stealth march of fiscal drag and the impact of World Tariff Day which could wipe out Rachel Reeve’s newly restored headroom. Jonathan Reynolds was the unlucky minister on the broadcast round this morning trying to defend this increasingly bleak picture, is there any good news?  James Heale speaks to Katy Balls and Michael Simmons.  Produced by Oscar Edmondson.

Thursday

Kate Andrews

Truss chooses price controls to tackle energy bills

When Liz Truss spoke from the steps of Downing Street on Monday, she declared proudly that she ‘campaigned as a conservative’ and would ‘govern as a conservative’. It was a dig at her leadership rival Rishi Sunak, who she beat by 15 percentage points, and who she accused throughout the campaign of having lost his way over tax hikes during his time in the Treasury. He insisted this was the path to fiscal responsibility; she insisted it was the path to recession. Yet Truss’s first policy announcement of her premiership – and quite possibly one of the biggest announcements she’ll make as Prime Minister – is not one you can