The Liz Truss Interviews

[mushroom25]

did anyone hear any of them?
https://www.bbc.com./news/live/business-63069137?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=633553ac194f716822a36fbd%26What%27s%20been%20happening%20this%20morning%3F%262022-09-29T08%3A20%3A46.968Z&ns_fee=0&pinned_post_locator=urn:asset:9dcbf0d5-6ab9-426d-b5ac-2156c9121d39&pinned_post_asset_id=633553ac194f716822a36fbd&pinned_post_type=share

if yes, were you convinced?

[Paigntonian]

Curious that she chose several BBC local radio stations to break her silence. At a loss to understand why.

[ichkeria]

Did she falsely claim that the maximum energy bill would now be £2500?
Not I am sure anything more than a mistake, but not a very encouraging one.

[Gromit]

Investors are jittery and International markets are looking keenly for reassurance.
And she goes on BBC Radio Nottingham to calm things down. They have definitely lost the plot.

[THECORBYLOON]

Truss said on the 25th,

"We've made sure that no family, no household is having to pay more than £2,500 on those energy bills"

Giving her the benefit of the doubt, that could have been put down as error but after having said to-day,

"The biggest part of the package that we announced is the support on energy bills, making sure that people across this country are not facing energy bills of more than £2,500"

it now appears to be a deliberate decision to mis-represent the facts.

[New Judge]

Indeed it does, Corby.

As I understand it (when I last bothered to find out) energy bills for those on standard variable tariffs were capped, but the cap was the amount of money it would cost if you consumed no more than 12,000Kwh of gas and 2,900Kwh of electricity. The unit price was set so that those amounts of consumption did not exceed whatever the cap was.

If Ms Truss did make the statement you quote it gives the impression that one can use as much gas and leccy as one likes and still not pay more than £2,500 - which of course is nonsense.

[FatticusInch]

https://www.instagram.com/p/CjFeWmxMyep/?igshid=YmMyMTA2M2Y=

[mushroom25]

what the cap actually is, is explained in the little table here
https://www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-you

essentially it's the cost per kW/h for gas/electric that's being capped, and from Saturday it represents a doubling of the cost charged until Friday. as I understood Martin Lewis earlier in the week, £2500 represented an average cost per year for mr average.

[ichkeria]

That's right
But she'll presumably be made to correct her "errors" which will only make her look even worse.
God forgive me for saying this, as I always defended, and still do, her predecessor, but I feel a trip to Kyiv coming on :-)

[Untitled]

i listened to some of them through bbc sounds.... a list of the appearances were published....

she kept insisting that the uk's economic problems are due to the Ukraine war... difficult to see how the fall in sterling value since friday can be attributed to that

[mushroom25]

// she'll presumably be made to correct her "errors" //

that would probably need a very large stick. the tone of the interviews was a denial of speculation yesterday that she’d have to u-turn the "budget" or even sack her Chancellor. Rather she seems to be owning it, and insisting she’s right. a bit like the "shaggy defence" - flat denial in the face of incontrovertible evidence.

[New Judge]

//...what the cap actually is, is explained in the little table here//

Are you sure you have the correct figures, mush?

If the old rates are applied to the consumption I mentioned earlier (12,000Kwh gas; 2,900Kwh electricity) the total cost is £1,915. This is not unadjacent to the published price cap of £1,971. If the new rates are applied to those same consumption figures (and assuming I can still add up and multiply) the total is £3,578. As I recall, £3,500 was the amount bandied about before the government stepped in with its support package a few weeks ago. I haven't looked too closely but I cannot find a date on the Ofgem release you quoted.

[THECORBYLOON]

The Full Fact website looked at the earlier quote.

https://fullfact.org/economy/Truss-energy-price-guarantee/

[mushroom25]

// Are you sure you have the correct figures, mush? //

i'd assumed ofgem's website would have the most up-to-date information and took it at face value. I can't find any update, but what appears to be a more accurate figure is on the money saving expert website:-

- Electricity
Unit rate: 34.00p per kWh
Standing charge: 46.36p per day

- Gas
Unit rate: 10.30p per kWh
Standing charge: 28.49p per day

[THECORBYLOON]

NJ, using the Internet archive Wayback Machine, that table has been there since at least 26th August.

https://web.archive.org/web/20220826081321/https://www.ofgem.gov.uk/check-if-energy-price-cap-affects-you

[New Judge]

//I can't find any update, but what appears to be a more accurate figure is on the money saving expert website:-//

That's better, mush. That computes to £2,495 for 12,000Kwh of gas and 2,900 Kwh of Leccy. A snip ! :-)

[archibaldy]

// it now appears to be a deliberate decision to mis-represent the facts. //

In this case the facts are so simple that I can only conclude the same.

[FatticusInch]

Apparently someone edited the Truss interviews from earlier.

https://www.instagram.com/reel/CjFf09kjhm1/?igshid=YmMyMTA2M2Y=

[mushroom25]

// Apparently someone edited the Truss interviews from earlier. //

can't read that - it's hidden behind a personal log-in.

[jno]

apparently people trust local radio stations more than the Londoncentric eports you get on TV in the evenings, so they're seen as a useful way of connecting directly with listeners.

Not much point, though, if you've got nothing to say or are going to lie about it.

[mushroom25]

in some online quarters, it's being described as a "Dennis Moore" budget -