Trade, britains only surviving cloth hall opens after a multi Million Pound renovation. Good morning. Its tuesday 1st august. Im julian worricker. Welcome to bbc Newsroom Live. British gas has said it will increase the price of electricity for the first time in nearly four years. Its owner centrica says Electricity Prices will increase by 12. 5 from 15th september. 3. 1 million customers will be affected. But the companys gas prices will be held at their current level. The average annual dual fuel bill for households on a standard tariff will rise by £76, up by 7. 3 . Ian conn is the Chief Executive of british gass Parent Company, centrica. He explained why the price rise was necessary despite a decrease in the wholesale cost of energy. First of all, the last time we moved our Electricity Prices was in january 2014 and since then they have been held flat. From that time, and you are correct, wholesale prices have fallen, we estimate about £36 on an average bill, that is not what is d
At whats in tomorrows papers. With me are laura hughes, Political Correspondent at the Daily Telegraph, and tom bergin, Business Correspondent at reuters. Welcome to you both. Thank you for being with us. Lets start with a look at tomorrows front pages. The telegraph focuses on the Business Rate rises due next year, calling them crippling. The paper also features cycling champion sir Bradley Wiggins announcing his retirement. Sir bradleys retirement also makes the guardian front page, and the paper also has an exclusive interview with labour leader Jeremy Corbyn, in which he accuses the Prime Minister of acting like henry viii. The government is considering plans to give Child Offenders lifelong anonymity, according to the times. And it also covers Transport Disruption across the uk due to freezing weather. The mail claims that people are wasting time putting Christmas Cards and wrapping in the recycling bin, as lots will end up in landfill. The Daily Express warns of deadly Weather Co
Responsible for undermining the election process and he has also proved the expulsion of 35 Russian Diplomats from the United States. Three weeks before donald trump is sworn in as president , mr obamas said that all americans should be alarmed by russias actions. Russia said it would order adequate reply. As our correspondent reports. Russia stands accused of trying to help donald trump become president. Moscow had been warned but now it is being punished for interfering in us elections. The top Intelligence Agencies believe a cyber attack on the e mails of Hillary Clintons closest aides was orchestrated by the highest levels of russian government. But mr trump has always questioned the evidence. If you dont catch them in the act of hacking you never will. You dont know if it is russia or china. It could be somebody sitting on a bed someplace. But the cia and the fbi both agree. The hackers, they say, were russian, and President Obama says americans should be alarmed. He has ordered 3
Mode. Well tell you why. And. Can economists be compared to Weather Forecasters when it comes to prediciting the future . Our economics editor kamal ahmed will be here with that and a look back at the rest of the business week. And following the impact of Donald Trumps toyota tweet, we want to know whats the biggest twitter storm youve ever sparked 7 just use the hashtag bbcbizlive. We start with samsung because in the last few hours the South Korean Tech Giant has said its on track for the best quarterly profits in more than three years. Its a major boost for the company after the exploding Smartphone Scandal that put a serious dent in its reputation. In the three months to the end of december, samsung is forecasting profits of 7. 8 billion. Thats up by half on the same period last year, much better than expected and the best quarter since mid 2013. That might come as a surprise, as we know samsung was forced to scrap its top of the range phone, the galaxy note 7, after a spate of exp
Population, more people likely to need care all year round, but particularly in the winter . Yes, no getting around the fact people get ill overwinter, but it does sound like this is worse than usual. Speaking about, as Melanie Wasjust saying, record numbers of people in ambulances turned away from hospital as they do not have resources to help them. In record breaking territory, that does not sound good. One of the interesting elements of the story in the telegraph is they are speaking about trying to encourage hospitals not to talk about this in overly alarming terms, not to speak about, what do they cold, black alerts . The guardian speaking about how the red cross is saying the nhs needs to take action to make sure we are taking better ca re of to make sure we are taking better care of people. Terms like red cross and black alert in relation to the nhs, nota and black alert in relation to the nhs, not a good look. In addition, some of the stories, looking at individual stories, lyi