worked very well, has it? claw-back scheme, but that hasn t worked very well, has it? worked very well, has it? we re auoin to worked very well, has it? we re going to the worked very well, has it? we re going to the point worked very well, has it? we re going to the point that - worked very well, has it? we re going to the point that the - worked very well, has it? we rej going to the point that the price increase. going to the point that the price increase, but the ultimate question is unfortunately, the positive side for some is unfortunately, the positive side for some people, it will be massively hard because there will be a bi- massively hard because there will be a big price rise coming. it may encourage a big price rise coming. it may encourage us all to be a bit more. and secondly, i suppose it also drives and secondly, i suppose it also drives investment in renewables and so on, drives investment in renewables and so on. and drives investment in renewables and
it s heading the wrong way fast. if you have the same basket of goods, as we did then, inflation would be “p as we did then, inflation would be up by as we did then, inflation would be up by 18 or 20%. martin, when it comes to what the government can do, isn t the real problem here that wholesale prices are high, there s a bit of geopolitical tension involved in impacting on that price as well, but you can t change that and some people are saying that the price, which has led to some of the smaller energy companies going bust, isn t the best model for dealing with it. what do you think about that in terms of the price? i think 50% up we expect by the 1st of april. maybe another move up in october as well. you re quite right to say that some of the you re quite right to say that some of the smaller companies that have
comment byjohn redwood. taxing is more through national insurance. to lend it through power companies is not the way to ease the cost of living. it s difficult because another problem, have we mentioned about russia possibly going into ukraine? which doesn t help anything. ilistens which doesn t help anything. we re about to come which doesn t help anything. we re about to come to which doesn t help anything. we re about to come to that which doesn t help anything. we re about to come to that in which doesn t help anything. we re about to come to that in a - which doesn t help anything. we re about to come to that in a minute. | about to come to that in a minute. let s focus on the telegraph. underneath that story about the sunak smashing out the cash, we have the lockdown preventing on 0.2% of deaths in the first wave. that s the eye catching headline the telegraph has taken. there is a bit more details adjusting and had a slightly bigger impact in other sectors, but what do
major silver lining to this problem, albeit short term. the government is very keen albeit short term. the government is very keen to albeit short term. the government is very keen to make sure that is not as intense very keen to make sure that is not as intense as it would otherwise be. whatever as intense as it would otherwise be. whatever it as intense as it would otherwise be. whatever it will be, of people s bills penny, let s go on to the mail. the government had other options. they have been urged in some quarters to take the green levy off the energy companies and put it into general taxation. that would slice off a bit more. what do you think about that idea? ~ , , ~ , idea? well, it seems like it s fiddling at idea? well, it seems like it s fiddling at the idea? well, it seems like it s fiddling at the edges. - idea? well, it seems like it s fiddling at the edges. we - idea? well, it seems like it s i fiddling at the edges. we have idea? well, it seems like it
terrible coincidence that is coinciding with rising energy prices. coinciding with rising energy rices. , , coinciding with rising energy rices. , , ., ., prices. yes, there s also that term and rather prices. yes, there s also that term and rather galling prices. yes, there s also that term and rather galling fact prices. yes, there s also that term and rather galling fact that - prices. yes, there s also that term and rather galling fact that quite i prices. yes, there s also that term and rather galling fact that quite a | and rather galling fact that quite a lot of the money was not checked thoroughly enough and millions, i can t remember how much, just a staggering amount has actually been lost and will never be recovered because there weren t enough checks. we always knew they were going to be tax imbalances. the problem is i think everybody knew this was coming along checks and balances. everything has landed at exactly the same time. i think for most people, we don