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Transcripts For BBCNEWS BBC News 20240707



talking to people about how they are coping with rising prices. join they are coping with rising prices. us at 9.30 at the we join us at 9.30 at the fire station. we have an audience full of fascinating people from all walks of life who will be talking about the cost of living crisis and how it is affecting people who work and live in the city. join us at 9.30. and i m annita mcveigh at westminster where at 12 o clock, liz truss will face questions from mps in the house of commons for the first time since the almost complete reversal of her economic plan. and as inflation hits double figures, downing street refuses to commit to increasing state pensions in line with prices, which would be breaking a manifesto pledge. obviously we take manifesto commitments incredibly seriously. the chancellor will be making a statement in just over a week s time, where he will set out all the plans for taxation and expenditure and government budgets. hello and welcome to bbc news, wit ....

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Transcripts for BBCNEWS BBC News 20240604 08:11:00

About crude oil prices. if you look at crude oil be thing about crude oil prices. if you look at crude oil be driving ing is supposed to be driving all of energy prices, crude is barrel now, around. in $90 a barrel now, around. less in fact than it was when the invasion of ukraine began. similarly, wholesale gas prices, the thing putin wants to weaponise and has been going to great lengths to do, that hasn t stopped the fall in the wholesale price of gas. so wholesale gas prices are now down by about a third of where they were at their peak in august. so there is some hope that that starts to feed through to inflation next year. as you mentioned, we have these figures tied to inflation uprating of benefits and pensions. if the chancellor did decide to do 10.1%, it might make up a little bit for benefit recipients from the fact they fell behind last time around, because la september s figure was just 3.1% and it meant when they got that rise this april, it was much less than inflation. ....

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