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On thursday, on this channel, and she was saying, the inflation measure doesn t reveal the full story, because it is a basket of the average person s goods, it does not, it hides the fact that for some households, particularly on low incomes, they are being affected much more steeply. so, a basket that has champagne in it, does not deal with the family who does not drink champagne, just has to buy basic food and basic food stuffs like rice and pasta have gone up massively in the last six months. well, i am not enough - of an economics expert to take that basket and analyse it bit by bit and i notice that chrisl giles in the financial times, the economics editor there, | had a bit of a two and fro . with jack munro about this, but there is no doubt that, i for example, if you consider heating your home as - a necessity, then it makes. ....
The investment which would have helped households to transition to other forms of energy and they cut all the energy saving measures and as a result, british households are paying 2.5 billion more on their energy bills than they would have done had those programmes remained in place. so, you know, these short term measures have long term effects and we are really exposed to fluctuations in the wholesale price of energy in a way that many countries are simply less exposed to. isabel makes a very good point, we have a long standing problem about energy storage. we do not have much in the way of gas storage, so we have to buy and pay a premium price as a result, because we are almost buying to use it, butjust picking up on this question of inflation, i was talking to the food writer, jack munro, ....
Particularly on low incomes, they are being affected much more steeply. so, a basket that has champagne in it, does not deal with the family who does not drink champagne, just has to buy basic food and basic food stuffs like rice and pasta have gone up massively in the last six months. well, i am not enough of an economics expert to take that basket and analyse it bit by bit and i notice that chris giles in the financial times, the economics editor there, had a bit of a two- and fro with jack munro about this, but there is no doubt that, for |example, if you consider heating| your home as a necessity, then it makes. which most people would. yeah, and this is why i do not understand l that in economics, some people say, i if gas is cheaper, you buy more of. it. do you? really? i think you will heat the house the way you usually do and what you need to do and that i clearly things like that are a much. bigger component of people s - disposable income than the person who has champa ....
We do not have much in the way of gas storage, so we have to buy and pay a premium price as a result, because we are almost buying to use it, rather than buying it in advance, butjust picking up on this question of inflation, i was talking to the food writer, jack munro, on thursday, on this channel, and she was saying, the inflation measure doesn t reveal the full story because it is a basket of the average person s goods, it does not, it hides the fact that for some households, particularly on low incomes, they are being affected much more steeply. so, a basket that has champagne in it does not deal with the family who does not drink champagne, just has to buy basic food and basic food stuffs like rice and pasta have gone up massively in the last six months. well, i am not enough - of an economics expert to take that basket and analyse it bit by bit and i notice that - chris giles in the financial. times, the economics editor there, had a bit of a to| and fro with jack munro about th ....
All the energy saving measures and as a result, british households are paying 2.5 billion more on their energy bills than they would have done had those programmes remained in place. so, you know, these short term measures have long term effects and we are really exposed to fluctuations in the wholesale price of energy in a way that many countries are simply less exposed to. isabel makes a very good point, we have a long standing problem about energy storage. we do not have much in the way of gas storage, so we have to buy and pay a premium price as a result, because we are almost buying to use it, butjust picking up on this question of inflation, i was talking to the food writer, jack munro, on thursday, on this channel, and she was saying, the inflation measure doesn t reveal the full story, because it is a basket of the average person s goods, it does not, it hides the fact that for some households, ....