:00:20. > :00:23.The Government has asked for an independent review
:00:24. > :00:25.of the UK energy market - just days after British Gas
:00:26. > :00:27.announced it was putting up its standard electricity
:00:28. > :00:38.Theresa May did pledge to cap energy prices
:00:39. > :00:47.That happened since she lost her majority in the election.
:00:48. > :00:50.Now the Business Secretary Greg Clark says the review will examine
:00:51. > :00:52.how prices can be kept as low as possible while ensuring
:00:53. > :00:55.the UK still meets its climate change targets.
:00:56. > :00:56.Here's our business correspondent Joe Lynam.
:00:57. > :00:59.How much we pay for our energy to run our households and companies
:01:00. > :01:06.Policies like capping energy prices to support working families...
:01:07. > :01:09.That's why Theresa May promised a price cap and an independent probe
:01:10. > :01:14.into the energy sector before the general election.
:01:15. > :01:16.And now this Oxford University professor
:01:17. > :01:19.has only three months to find out where any fat can be trimmed from
:01:20. > :01:25.He says he'll sort all of the facts from the myths
:01:26. > :01:32.But some consumer groups are sceptical.
:01:33. > :01:35.Prices are a very real problem for families across Britain,
:01:36. > :01:42.This review is going to deliver benefits in a year's
:01:43. > :01:47.So the people left with the feeling of a government that is
:01:48. > :01:50.There are many stages in the energy value
:01:51. > :01:53.chain, but the main ones include buying gas and electricity on
:01:54. > :01:56.That accounts for 36% of a typical bill.
:01:57. > :01:58.Moving it through pipes and cables or
:01:59. > :02:01.distribution costs accounts for 29% of atypical bill.
:02:02. > :02:03.But 13% of our bill also includes the subsidies for
:02:04. > :02:06.poorer households, and the cost of developing Britain's renewable
:02:07. > :02:15.The rest is made up of operational costs.
:02:16. > :02:19.Tom Burke, who used to advise Labour and
:02:20. > :02:21.Conservative governments on energy policy, says there's not much that
:02:22. > :02:24.can be achieved in a three month time frame.
:02:25. > :02:31.I think the review is essentially headlined management.
:02:32. > :02:32.I don't think Dieter, heroic though he
:02:33. > :02:36.is, is going to be able to come up with something that isn't already
:02:37. > :02:38.widely discussed inside the energy community where we know that the
:02:39. > :02:40.quickest and cheapest way to drive bills
:02:41. > :02:41.down is to improve the
:02:42. > :02:45.This investigation will allow the Government to show that it's not
:02:46. > :02:48.tone deaf in the face of rising gas and electricity prices, especially
:02:49. > :02:50.since only last week, Britain's largest provider, British Gas,
:02:51. > :02:51.increased its standard electricity prices by 12.5%.
:02:52. > :02:58.Both the US and China have welcomed tougher sanctions
:02:59. > :03:01.against North Korea in the wake of its recent ballistic
:03:02. > :03:07.The UN security council agreed the scanctions last night.
:03:08. > :03:11.This morning, China's Foreign Minister said he hoped North Korea
:03:12. > :03:15.would take what he said would be the smart decision on testing.
:03:16. > :03:17.Earlier he met the American Secretary of State Rex Tillerson
:03:18. > :03:21.at a conference of south-east Asian countries.
:03:22. > :03:29.Yogita Limaye reports from the South Korean capital of Seoul.
:03:30. > :03:40.It contains some flash photography. A picture that masks the tension in
:03:41. > :03:43.this group. At a meeting in Manila, the US Secretary of State Rex
:03:44. > :03:48.Tillerson was for the first time in the same room with his North Korean
:03:49. > :03:53.counterpart. The two countries are in the midst
:03:54. > :04:00.of a fierce confrontation over these missile tests by Pyongyang which
:04:01. > :04:05.experts believe could reach the US. On Saturday, the UN Security Council
:04:06. > :04:09.passed fresh sanctions against North Korea, drafted by Washington they
:04:10. > :04:16.are aimed at hitting Pyongyang's exports and, therefore, economy.
:04:17. > :04:19.At this meeting between South Korea's Foreign Minister and Mr
:04:20. > :04:25.Tillerson the two leaders described the sanctions as a good outcome. The
:04:26. > :04:31.measures were even backed by China, North Korea's ally and top trade
:04:32. > :04:35.partner. TRANSLATION: The Chinese side urge the North Koreans to
:04:36. > :04:39.calmly handled the UN Security Council resolutions and not do
:04:40. > :04:44.anything beneficial such as a missile launch or nuclear test.
:04:45. > :04:50.For North Korea the new sanctions could mean the loss of about $1
:04:51. > :04:54.billion. But experts say it is unlikely to deter the state-run
:04:55. > :04:57.conducting more nuclear and missile tests.
:04:58. > :05:02.The North Koreans are unlikely to negotiate anything until they will
:05:03. > :05:09.have a proven capability to deliver a nuclear strike to the continental
:05:10. > :05:15.United States. Once they get such a capability, probably in a few years,
:05:16. > :05:20.they are probably going to talk. Here in Seoul the President's that
:05:21. > :05:23.has welcomed the UN resolution but the response in North Korea has been
:05:24. > :05:28.expectedly belligerent. A newspaper run by the country's ruling party
:05:29. > :05:32.said the US would be catapulted into a sea of fire if it did not change
:05:33. > :05:36.its hostile policy towards Pyongyang.
:05:37. > :05:39.In Manila the US Secretary of State commemorated those who died in World
:05:40. > :05:44.War II, and with his meetings there he hopes to contain the threat from
:05:45. > :05:47.North Korea. It is making the Americans nervous,
:05:48. > :05:49.but there seems to be more immediate solution.
:05:50. > :05:52.A man has died and another has been found clinging to a buoy
:05:53. > :05:55.after a boat sank in the English channel early this morning.
:05:56. > :05:57.The coastguard has launched a search for other crew members.
:05:58. > :06:09.Our correspondent Simon Jones is there for us now.
:06:10. > :06:16.What is the latest? Two men are still missing, believed to be in the
:06:17. > :06:21.water. We have had two coastguard helicopters in the sky searching for
:06:22. > :06:24.them and two lifeboats, passing ships have also been asked to be on
:06:25. > :06:30.the lookout. It started at around 6am when a fishing boat spotted a
:06:31. > :06:34.man clinging to a buoy around two miles off the coast from around
:06:35. > :06:36.here. He was brought to shore, he had been in the water for several
:06:37. > :06:51.hours. He is a 45-year-old from London, we
:06:52. > :06:54.understand from Romania originally. He told the emergency services that
:06:55. > :06:56.the boat he was on went down, it is unclear why, but three of his
:06:57. > :06:59.colleagues are missing. The hunt continued and at around 8:15am the
:07:00. > :07:01.body of a man was discovered and brought back to shore. The hunt is
:07:02. > :07:06.continuing for the two other men. The water temperature is around 15
:07:07. > :07:07.degrees, so as each hour passes, the hope is fading. Thank you, Simon
:07:08. > :07:18.Jones. The Liberal Democrat leader
:07:19. > :07:21.Sir Vince Cable has criticised elderly Brexit supporters for,
:07:22. > :07:23.as he puts it, "comprehensively In an article in a Sunday paper,
:07:24. > :07:28.Sir Vince - who is himself 74 -says older Leave voters are willing
:07:29. > :07:30.to endure economic pain as a badge of honour,
:07:31. > :07:33.although many of them do not He says they have had the last word
:07:34. > :07:37.on Brexit by imposing a world view coloured by nostalgia
:07:38. > :07:39.for Britain's imperial past. The Children's Commisioner
:07:40. > :07:41.for England, Anne Longfield, says parents should limit the amount
:07:42. > :07:45.of time their children spend online. She likened the internet to junk
:07:46. > :07:47.food, saying that overuse could have a detrimental affect
:07:48. > :07:49.on children's confidence We wouldn't let our children out
:07:50. > :08:02.in a kind of strange city without, you know, giving them guidance
:08:03. > :08:05.and looking after them, and actually we really shouldn't
:08:06. > :08:08.for their digital world either. So this is about equipping children,
:08:09. > :08:11.about enabling them to have the confidence
:08:12. > :08:16.to manage their time online and also their confidence to say no
:08:17. > :08:19.to that constant drain and pressure The American sprinter Justin Gatlin
:08:20. > :08:28.will receive his gold medal later today after his dramatic 100 metres
:08:29. > :08:31.victory over Usain Bolt at the World Gatlin has returned to the track
:08:32. > :08:36.after two drugs bans and was booed Andy Swiss is there
:08:37. > :08:42.for us this lunchtime. Andy, it's a result that
:08:43. > :08:56.could overshadow today's events? Laasma's result has certainly pose
:08:57. > :09:01.the sports awkward questions. And the sight of Justin Gatlin, a two
:09:02. > :09:04.time drugs cheat on top of the medal podium will not sit easily with a
:09:05. > :09:09.lot of people, especially after his boat Usain Bolt's farewell party
:09:10. > :09:13.last night. It will be interesting to see what type of reaction he gets
:09:14. > :09:18.when he collected his gold medal later. The head of the IAAF Lord Coe
:09:19. > :09:22.says he hopes the fans will not boo him again, but interesting the
:09:23. > :09:29.timing of the medal ceremony has been changed. It was due to be at
:09:30. > :09:32.APM in the middle of the action, it has been brought forward to 6:50pm,
:09:33. > :09:36.before things get under way. The organisers say they want to promote
:09:37. > :09:41.a fair environment for the medal ceremony. Elsewhere hopes of British
:09:42. > :09:45.success, Katarina Johnson-Thompson was fourth overnight in the women's
:09:46. > :09:50.heptathlon, she has moved to third. She has had a good javelin, a good
:09:51. > :09:52.long jump. Just one more event remaining. Thank you, Andy says.
:09:53. > :09:57.You can see more on all of today's stories on the BBC News Channel.