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Transcripts For BBCNEWS World Business Report 20240707



economic crisis? plus, when working from home is just too expensive could soaring energy bills drive a mass return to the office for the first time since the pandemic? hello. we start with the cost of living crisis here in britain because the boss of one of the uk s top energy suppliers has told the bbc the government must act now to protect customers from soaring bills or face catastrophe this winter. ovo energy ceo stephen fitzpatrick has been talking to our business editor simonjack about their own ideas for supporting households. he said it felt like the past 12 months had been wasted despite the scale of the crisis becoming increasingly apparent. and he called on the uk s new prime minister to take action as soon as they are appointed next week. if we don t start working on this first thing on monday when we have a new government, a new prime minister this has to be the first order of business. and if we don t use every available moment over the next 12 ....

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Transcripts For BBCNEWS BBC News 20240707



good morning. the boss of the uk s third largest energy company has warned households need urgent help to avoid a winter of hardship. steven fitzpatrick from ovo energy wants the government to subsidise soaring bills, but with help tapering off for high earners who use more electricity. it comes as a report from the resolution foundation think tank warns three million people could be in absolute poverty by next year without a change in government policy. a separate study from university college london has warned of the dangerous consequences for children of growing up in cold homes. meanwhile, in his final speech in office the prime minister is expected to announce up to £700 million of investment for a new nuclear reactor in suffolk. it s part of the government s long term strategy to bring down energy costs but it could take 15 years to build and a final go ahead will have to wait for mrjohnson s successor. jon donnison reports. is going nuclear the answer to brita ....

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Transcripts For BBCNEWS Breakfast 20240707



another encore for serena williams. she showed she s got no intention of ending her singles career without a fight as she advanced to the third round of the us open, this time beating one of the top seeds. and we look at glasgow s chances of becoming the host city for the eurovision 2023. good morning. it s not of country this morning started off on a cool note with some dense fog patches but for many of us today, it is going to be largely dry. there will be some sunshine but there will also be some showers and some of those could be heavy and potentially thundery. i will have all the details throughout this morning s programme. it s thursday 1st september. the prime minister is expected to announce up to £700 million of investment for a new nuclear reactor in suffolk today. it s part of the government s long term strategy to bring down energy costs but it could take 15 years to build and a final go ahead will have to wait for mrjohnson s successor. jon donnison report ....

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Transcripts For BBCNEWS BBC News 20240707

the can down the road , and says more will have to be done early next year to tackle the energy crisis. for the labour party to have a big, bold, strong, fully costed plan, which will not put them through that misery this winter is not kicking the can down the road, it is meeting the can down the road, it is meeting the concerns of millions of people who, even when they hear there sums of £3500 on energy bills. united nations inspectors are on their way to visit the russian occupied zaporizhzhia nuclear plant with shelling nearby raising fears of a potential accident. tributes pour in for bbc breakfast television presenter and tv personality bill turnbull who has died at the age of 66. and coming up this hour, we take a look at some of the stunning pictures in the running for wildlife photographer of the year. hello and welcome if you re watching in the uk or around the world. in a long awaited report, the un says the allegations of serious human rights abuses in china s xin ....

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Transcripts for BBCNEWS Breakfast 20240604 05:31:00

Of hardship unless people get more help. he told our business editor simonjack about one possible way of targeting household bills. we ve been arguing and talking to government about this kind of tariff deficit mechanism, so a way to artificially lower the price of energy for consumers to help shield them from the worst of the price rises. the challenge that we ve got is that we don t know how long this situation is going to last for. it could be years of higher prices. and one of the ways this could be done most effectively is by launching a tariff deficit mechanism where we lower the price of energy but we do it for a certain number of units per household in a lower price band that everybody gets access to, and then over and above that, then consumers would pay the full price. and what that would mean is that it would disproportionately benefit lower income households, ....

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