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you have to go off to your own show. ijust want you have to go off to your own show. i just want to ask you, do you think the government actually have a clue about how serious was this is going to filter people?— serious was this is going to filter people? no, i don't. i am hearing _ filter people? no, i don't. i am hearing about - filter people? no, i don't. i am hearing about the - filter people? no, i don't. i am hearing about the bank| filter people? no, i don't. i. am hearing about the bank of england — am hearing about the bank of england doing _ am hearing about the bank of england doing something, - am hearing about the bank of england doing something, i. am hearing about the bank of i england doing something, i am not sure — england doing something, i am not sure what _ england doing something, i am not sure what tools _ england doing something, i am not sure what tools the - england doing something, i am not sure what tools the bank . england doing something, i ami not sure what tools the bank of england — not sure what tools the bank of england has— not sure what tools the bank of england has to _ not sure what tools the bank of england has to deal— not sure what tools the bank of england has to deal with - not sure what tools the bank of england has to deal with the i england has to deal with the supply-side _ england has to deal with the supply—side squeeze - england has to deal with the supply—side squeeze in - england has to deal with the supply—side squeeze in the i england has to deal with the i supply—side squeeze in the way we have — supply—side squeeze in the way we have right _ supply—side squeeze in the way we have right now. _ supply—side squeeze in the way we have right now. i— supply—side squeeze in the way we have right now. ithink- supply—side squeeze in the way we have right now. i think howl we have right now. i think how long _ we have right now. i think how long it — we have right now. i think how long it will— we have right now. i think how long it will be, _ we have right now. i think how long it will be, look, _ we have right now. i think how long it will be, look, listen - long it will be, look, listen to what— long it will be, look, listen to what i'm _ long it will be, look, listen to what i'm saying. - long it will be, look, listen to what i'm saying. the . long it will be, look, listen . to what i'm saying. the price went — to what i'm saying. the price went up— to what i'm saying. the price went up on— to what i'm saying. the price went up on the _ to what i'm saying. the price went up on the first - to what i'm saying. the price went up on the first of- went up on the first of october. _ went up on the first of october, that- went up on the first of october, that price . went up on the first ofl october, that price last went up on the first of- october, that price last six months _ october, that price last six months 0n— october, that price last six months. on the _ october, that price last six months. on the first - october, that price last six months. on the first of - october, that price last six. months. on the first of april it will— months. on the first of april it will go— months. on the first of april it will go up— months. on the first of april it will go up again _ months. on the first of april it will go up again by - months. on the first of april it will go up again by a - months. on the first of april it will go up again by a huge | it will go up again by a huge amount, _ it will go up again by a huge amount, trut— it will go up again by a huge amount, but lasts _ it will go up again by a huge amount, but lasts until- it will go up again by a huge amount, but lasts until the i amount, but lasts until the first— amount, but lasts until the first of— amount, but lasts until the first of october— amount, but lasts until the first of october next - amount, but lasts until the first of october next year. i amount, but lasts until the i first of october next year. on energy— first of october next year. on energy at _ first of october next year. on energy at least _ first of october next year. on energy at least we _ first of october next year. on energy at least we know - first of october next year. on energy at least we know thisi first of october next year. on. energy at least we know this is lasting — energy at least we know this is lasting one _ energy at least we know this is lasting one year, _ energy at least we know this is lasting one year, guaranteed. i energy at least we know this is| lasting one year, guaranteed. i think— lasting one year, guaranteed. i think ending— lasting one year, guaranteed. i think ending the _ lasting one year, guaranteed. i think ending the universal- think ending the universal credit— think ending the universal credit uplift— think ending the universal credit uplift in _ think ending the universal credit uplift in the - think ending the universal credit uplift in the mist. think ending the universal credit uplift in the mist of| think ending the universal. credit uplift in the mist of a cost — credit uplift in the mist of a cost of— credit uplift in the mist of a cost of living _ credit uplift in the mist of a cost of living crisis - credit uplift in the mist of a cost of living crisis was - credit uplift in the mist of a cost of living crisis was a i credit uplift in the mist of al cost of living crisis was a ten year— cost of living crisis was a ten year and _ cost of living crisis was a ten year and will _ cost of living crisis was a ten year and will leave _ cost of living crisis was a ten year and will leave us - cost of living crisis was a ten year and will leave us with l cost of living crisis was a ten year and will leave us with a | year and will leave us with a property— year and will leave us with a property problem _ year and will leave us with a property problem like - year and will leave us with a property problem like we i property problem like we haven't _ property problem like we haven't seen— property problem like we haven't seen for- property problem like we haven't seen for years. . property problem like we haven't seen for years. ii property problem like we - haven't seen for years. i think that— haven't seen for years. i think that was— haven't seen for years. i think that was a _ haven't seen for years. i think that was a disastrous - haven't seen for years. i think that was a disastrous move. l haven't seen for years. i think that was a disastrous move. i| that was a disastrous move. i think— that was a disastrous move. i think it — that was a disastrous move. i think it was _ that was a disastrous move. i think it was shortsighted. -
the months ahead is going to be the cost — the months ahead is going to be the cost of living. how does the cost of living. how does the economy responds to the growing _ the economy responds to the growing pains of reopening and recovering after the pandemic, and energy prices are clearly going — and energy prices are clearly going to _ and energy prices are clearly going to be one part of that. but inflationary pressures are going — but inflationary pressures are going to _ but inflationary pressures are going to be there on all sorts of things— going to be there on all sorts of things across the economy, the bank— of things across the economy, the bank of england and others would — the bank of england and others would lead us to believe this is going _ would lead us to believe this is going to be transitory and it will— is going to be transitory and it will work its way out of the system — it will work its way out of the system quite quickly. my sense is that — system quite quickly. my sense is that it — system quite quickly. my sense is that it is _ system quite quickly. my sense is that it is going to be with us for— is that it is going to be with us for longer than that. and it is going — us for longer than that. and it is going to _ us for longer than that. and it is going to be very challenging for all— is going to be very challenging for all of— is going to be very challenging for all of us, but especially for all of us, but especially for people on low incomes, so this is— for people on low incomes, so this is going to be the big political question of at least the next six months, possibly the next six months, possibly the next _ the next six months, possibly the next year or more, and the government needs to be responding to this. do you think they _ responding to this. do you think they are _ responding to this. do you think they are taking - responding to this. do you think they are taking it - think they are taking it seriously enough, robert? when we sat down with borisjohnson this week he said, i'm not worried about this, i'm not worried about this, i'm not worried because it will work its way through. do you think to some people that sounds like
government to - very hard for any future government to respond very hard for any future . government to respond to very hard for any future - government to respond to a crisis — government to respond to a crisis ot— government to respond to a crisis of any _ government to respond to a crisis of any level, - government to respond to a crisis of any level, certainly| crisis of any level, certainly one — crisis of any level, certainly one of— crisis of any level, certainly one of the _ crisis of any level, certainly one of the scale _ crisis of any level, certainly one of the scale of- crisis of any level, certainly one of the scale of covid, l crisis of any level, certainly| one of the scale of covid, by introducing _ one of the scale of covid, by introducing something - one of the scale of covid, by introducing something like l introducing something like this — introducing something like this. because _ introducing something like this. because they - introducing something like this. because they would i introducing something like i this. because they would be aware — this. because they would be aware that— this. because they would be aware that it _ this. because they would be aware that it would - this. because they would be aware that it would be - this. because they would be i aware that it would be almost impossible _ aware that it would be almost impossible to _ aware that it would be almost impossible to ever _ aware that it would be almost impossible to ever withdraw. aware that it would be almosti impossible to ever withdraw it. ithink— impossible to ever withdraw it. i think it — impossible to ever withdraw it. i think it was _ impossible to ever withdraw it. i think it was probably- impossible to ever withdraw it. i think it was probably the - i think it was probably the right— i think it was probably the right decision, _ i think it was probably the right decision, but - i think it was probably the right decision, but we - i think it was probably thei right decision, but we have i think it was probably the - right decision, but we have got to be _ right decision, but we have got to be very— right decision, but we have got to be very careful— right decision, but we have got to be very careful about - right decision, but we have got to be very careful about how. right decision, but we have goti to be very careful about how we toad _ to be very careful about how we toad further _ to be very careful about how we load further costs _ to be very careful about how we load further costs on _ to be very careful about how we load further costs on membersi load further costs on members of the — load further costs on members of the public— load further costs on members of the public in _ load further costs on members of the public in terms - load further costs on members of the public in terms of - of the public in terms of taxation— of the public in terms of taxation and _ of the public in terms of taxation and other- of the public in terms of l taxation and other things, of the public in terms of - taxation and other things, and how— taxation and other things, and how we — taxation and other things, and how we try— taxation and other things, and how we try to— taxation and other things, and how we try to increase - taxation and other things, and how we try to increase wages i taxation and other things, and. how we try to increase wages in a sustainable _ how we try to increase wages in a sustainable way, _ how we try to increase wages in a sustainable way, wages- how we try to increase wages in a sustainable way, wages are l a sustainable way, wages are rising. — a sustainable way, wages are rising. that _ a sustainable way, wages are rising. that is _ a sustainable way, wages are rising, that is extremely- a sustainable way, wages are| rising, that is extremely good news, — rising, that is extremely good news, but _ rising, that is extremely good news, but it— rising, that is extremely good news, but it has— rising, that is extremely good news, but it has to _ rising, that is extremely good news, but it has to be - news, but it has to be sustainable. - news, but it has to be sustainable. that - news, but it has to be sustainable. that is. news, but it has to be - sustainable. that is about productivity _ sustainable. that is about productivity rather - sustainable. that is about productivity rather than i sustainable. that is about - productivity rather than simply increasing _ productivity rather than simply increasing costs, _ productivity rather than simply increasing costs, because - productivity rather than simply increasing costs, because that| increasing costs, because that will increasing costs, because that wittiust— increasing costs, because that wittiust ftow _ increasing costs, because that will just flow through - increasing costs, because that willjust flow through into - increasing costs, because that willjust flow through into the i willjust flow through into the prices — willjust flow through into the prices that— willjust flow through into the prices that we _ willjust flow through into the prices that we all— willjust flow through into the prices that we all pay- willjust flow through into the prices that we all pay for- prices that we all pay for goods— prices that we all pay for goods and _ prices that we all pay for goods and services - prices that we all pay for goods and services in . prices that we all pay for| goods and services in the shops _ goods and services in the sho s. ., ., ~ goods and services in the shos. . ,, ., goods and services in the shos. ., ., shops. looking back at your old apartment. _ shops. looking back at your old apartment. you _ shops. looking back at your old apartment, you are _ shops. looking back at your old apartment, you are talking - apartment, you are talking about some of the things the government can control, because of course the government can't control the global price of gas. are there other tools that you think the government could deploy? maybe in other departments other than your old one? or do you think we're going to have to invent some new stuff to people through this? ~ . ., new stuff to people through this? . . ., ., new stuff to people through this? ~ . ., ., ., new stuff to people through
a bit of a ten year? i to some people that sounds like a bit of a ten year?— a bit of a ten year? i think it will work — a bit of a ten year? i think it will work its _ a bit of a ten year? i think it will work its way _ a bit of a ten year? i think it will work its way through. it | will work its way through. it is not — will work its way through. it is not unique to the uk, it is happening all over the world... but if— happening all over the world... but if you — happening all over the world... but if you can't pay your bills, you are not really bothered about whether it is going to work its way through in six months.— in six months. that's right. i do think _ in six months. that's right. i do think this _ in six months. that's right. i do think this is _ in six months. that's right. i do think this is going - in six months. that's right. i do think this is going to - in six months. that's right. i do think this is going to be l do think this is going to be with— do think this is going to be with us— do think this is going to be with us for at least six months, may be significantly longer, — months, may be significantly longer, and if you are seeing inflation _ longer, and if you are seeing inflation of 2% or 3% or 5%, maybe _ inflation of 2% or 3% or 5%, maybe even higher, small businesses i speak to are saying _ businesses i speak to are saying that they are having to put up — saying that they are having to put up their prices vary significantly, you know, everything is rising from the cost — everything is rising from the cost of— everything is rising from the cost of labour, materials, shipment, containerised products from the far east, for example. — products from the far east, for example, going up, hundreds and hundreds— example, going up, hundreds and hundreds %, i think it will be extremely challenging. we are going — extremely challenging. we are going to — extremely challenging. we are going to have to be really alive _ going to have to be really alive to _ going to have to be really alive to this. i do think that the — alive to this. i do think that the prime _ alive to this. i do think that the prime minister understands that _ the prime minister understands that. ~ ., the prime minister understands that. . . , , that. what in practical terms cannot should _ that. what in practical terms cannot should the _ that. what in practical terms i cannot should the government do? ~ ~ . cannot should the government do? ~ ~ , . do? well, i think there is a question — do? well, i think there is a question for— do? well, i think there is a question for the _ do? well, i think there is a question for the bank - do? well, i think there is a question for the bank of i question for the bank of england as to what it does, and ithink— england as to what it does, and i think it — england as to what it does, and i think it has let inflation