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Transcripts for BBCNEWS BBC News 20210923 08:00:00

this is bbc news. i m lukwesa burak with the latest headlines. borisjohnson s message to the united nations and ahead of the cop26 summit on climate change the world must take radical and urgent action. we will see desertification, drought, crop failure, and mass movements of humanity on a scale not seen before. nearly 1.5 million customers affected by the collapse of energy firms could now face higher bills. business minister, paul scully, says failed companies will not be bailed out but consumers will be protected. what we re not going to do, is we re

Transcripts for BBCNEWS BBC News 20210923 08:23:00

to change that. is a small energy supplier, what will happen - to change that. is a small energy supplier, what will happen when | to change that. is a small energy. supplier, what will happen when it comes to being competitive within the market. statistics say we started with 70 energy supplies for the beginning of this year and by winter there will only be time left. i ve seen those projections, and i don t know if they are true or not. right now, six or seven small energy companies in the pipe about to go bankrupt. there are fundamental problems here. the price cap was meant to aid competition, but the only competition on the market was only competition on the market was on price. imposing a one size fits all price, it destroyed competition and took away the ability of companies to react to external events. countries going bust right now put their prices up to compensate for the income and price of gas. the government say they won t move the gap to protect consumers, but that s naiv

Transcripts for BBCNEWS BBC News 20210923 08:24:00

resist incoming tide. as these are globalfacts. if companies resist incoming tide. as these are global facts. if companies don t react, they go bust. previously the government have jumped react, they go bust. previously the government havejumped in react, they go bust. previously the government have jumped in with hundreds of pounds and tempting. but energy companies aren t allowed to put their prices up and reopen. an investigation has found that tenants are being evicted due to rent arrears built up during the pandemic despite a government commitment that coronavirus would not leave anyone without a home. analysis of 270 possession orders issued by courts in england and wales this summer, found that in one third of cases, covid was stated as the reason for the missing payments. 0ur social affairs correspondent, michael buchanan has the details. michael calder is a musician and pre pandemic a guitar teacher.

Transcripts for BBCNEWS BBC News 20210923 09:46:00

of energy supply, this is a strength, not a weakness. the secretary strength, not a weakness. the secretary of strength, not a weakness. the secretary of state strength, not a weakness. the secretary of state is absolutely right secretary of state is absolutely right to secretary of state is absolutely right to focus on consumers and try not to right to focus on consumers and try not to trail right to focus on consumers and try not to bail out energy firms that have not to bail out energy firms that have got not to bail out energy firms that have got things wrong or are too fragile have got things wrong or are too fragile. would he please explain to us how fragile. would he please explain to us how he fragile. would he please explain to us how he is dealing with customers who are us how he is dealing with customers who are currently with supplies that didn t who are currently with supplies that didn t go who are currently with supplies that didn t go bust or ar

Transcripts for BBCNEWS BBC News 20210923 09:17:00

can charge these new customers the real cost of gas on the global market. they were taking them out one at a loss. there were suggestions that they may be had to be government backed loans provided to incentivise companies to do that. it now seems ministers are not minded to do that. they ve seen the existing system working and they think it is pretty robust. the business minister, paul scally, explained why the government sees it that way. explained why the government sees it that wa . ~ ., ., ., explained why the government sees it thatwa . ~ ., ., ., , explained why the government sees it thatwa .~ ., ., ., , that way. what we won t do is bail out companies. that way. what we won t do is bail out companies. we that way. what we won t do is bail out companies. we won t - that way. what we won t do is bail out companies. we won t be - that way. what we won t do is bail out companies. we won t be that l that way. what we won t do is bail. out companies. we won t be that that h

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