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Transcripts for BBCNEWS World Business Report 20220105 05:33:00

the professor chris whitty said yesterday in an evening press conference when he said that positive lateral flow test was a very good marker of infectious disease. if a negative lateral flow test could actually be an indicator that someone does not need to be in isolation, could the government explore that? i think we do need to find ways to alleviate these staff shortages. it is a big problem and when you say that quite a few of your members are experiencing staff shortages, which particular businesses or industries are impacted the most? it is across the board. we see particularly in the hospitality sector, we see it in the food supply chain, the transport sector is very affected and i think the problem here is that this issue of staff shortages seems to be becoming a big problem of this wave of the pandemic. a digger s problem is anything

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Transcripts for BBCNEWS World Business Report 20220105 05:36:00

doctor lowry. so your concern about the months ahead, many are campaigning and the government has talked of monday in the run up to the price ending at the end of march. we have seen ending at the end of march. - have seen indications of a number of discussions relating to potential support mechanisms or mechanisms intended to alleviate the potential increase in domestic customer bills from april this year in particular under the default tariff. the current indication that we have is that the cap will increase by approximately 50% to around £1900 per year from april and then, based upon where the market is on this point of time, potentially increase to well in advance of £2000 per year next winter. energy companies are proposing

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Transcripts for BBCNEWS World Business Report 20220105 05:39:00

bought in. doctor craig lowry, thank you for bought in. doctor craig lowry, thank you for your bought in. doctor craig lowry, thank you for your insight - bought in. doctor craig lowry, thank you for your insight on | thank you for your insight on that and, needless to say, we are keeping a close eye on discussions between the government and energy industry leaders and we will update you if we have further news. now, let s focus on the world s largest economy in the multiple headwinds it faces this year. despite bouncing back in 2021, growth in the us economy may be tempered by inflation, supply chain disruptions, 0micron threats and federal reserve tightening. 0ur north america business correspondent michelle fleury has more. the us economy defied expect patients in 2021. helicopter money from the us government and support from the central bank helped to set the stage for a dizzying recovery from the deepest downturn since the great depression. corporations enjoyed fat profits. the

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Transcripts for BBCNEWS World Business Report 20220105 05:37:00

to the government a price mechanism which will be based on what they suggest is a government subsidy scheme. what are they proposing? wholesale prices currently represent around 40 45% of the typical household energy bill. so the approach the customers that make companies are putting forward as an attempt to control that. underthe control that. under the proposal the wholesale control that. underthe proposal the wholesale price of gas and electricity will be agreed in advance and the price will be set for a given period such as one year, six months, and that will be benchmarked against the prevailing traded wholesale market prices on a day to day basis. if the prevailing price rose above that level than the government would have actively supply the difference meaning that the immediate cost to customers in their bills would not increase and supplies would be insulated from that wholesale price rise and that would work inversely as well. if the prevailing price fell below the agreed le

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Transcripts for BBCNEWS World Business Report 20220105 05:49:00

companies, it is now making them nervous about the data that may be available to the american government and china s national regulatorjust american government and china s national regulator just today said that any chinese company with data from over1 million users must have a security review before listing she has overseas, so these tensions between the world s two biggest economies and pressure on chinese tech giants seem to be here to stay. mil chinese tech giants seem to be here to stay- here to stay. all right, thank ou here to stay. all right, thank you mariko. here to stay. all right, thank you mariko, nice here to stay. all right, thank you mariko, nice to - here to stay. all right, thank you mariko, nice to see - here to stay. all right, thank you mariko, nice to see you. j let s get some of the day s other news. the us car giant general motors has lost its title as america s top car seller for the first time in 90 years. japan s toyota claimed the top spot, selling more

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