Browse content similar to 06/08/2017. Check below for episodes and series from the same categories and more!
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The Government has asked for an independent review | :00:20. | :00:23. | |
of the UK energy market - just days after British Gas | :00:24. | :00:25. | |
announced it was putting up its standard electricity | :00:26. | :00:27. | |
Theresa May did pledge to cap energy prices | :00:28. | :00:38. | |
That happened since she lost her majority in the election. | :00:39. | :00:47. | |
Now the Business Secretary Greg Clark says the review will examine | :00:48. | :00:50. | |
how prices can be kept as low as possible while ensuring | :00:51. | :00:52. | |
the UK still meets its climate change targets. | :00:53. | :00:55. | |
Here's our business correspondent Joe Lynam. | :00:56. | :00:56. | |
How much we pay for our energy to run our households and companies | :00:57. | :00:59. | |
Policies like capping energy prices to support working families... | :01:00. | :01:06. | |
That's why Theresa May promised a price cap and an independent probe | :01:07. | :01:09. | |
into the energy sector before the general election. | :01:10. | :01:14. | |
And now this Oxford University professor | :01:15. | :01:16. | |
has only three months to find out where any fat can be trimmed from | :01:17. | :01:19. | |
He says he'll sort all of the facts from the myths | :01:20. | :01:25. | |
But some consumer groups are sceptical. | :01:26. | :01:32. | |
Prices are a very real problem for families across Britain, | :01:33. | :01:35. | |
This review is going to deliver benefits in a year's | :01:36. | :01:42. | |
So the people left with the feeling of a government that is | :01:43. | :01:47. | |
There are many stages in the energy value | :01:48. | :01:50. | |
chain, but the main ones include buying gas and electricity on | :01:51. | :01:53. | |
That accounts for 36% of a typical bill. | :01:54. | :01:56. | |
Moving it through pipes and cables or | :01:57. | :01:58. | |
distribution costs accounts for 29% of atypical bill. | :01:59. | :02:01. | |
But 13% of our bill also includes the subsidies for | :02:02. | :02:03. | |
poorer households, and the cost of developing Britain's renewable | :02:04. | :02:06. | |
The rest is made up of operational costs. | :02:07. | :02:15. | |
Tom Burke, who used to advise Labour and | :02:16. | :02:19. | |
Conservative governments on energy policy, says there's not much that | :02:20. | :02:21. | |
can be achieved in a three month time frame. | :02:22. | :02:24. | |
I think the review is essentially headlined management. | :02:25. | :02:31. | |
I don't think Dieter, heroic though he | :02:32. | :02:32. | |
is, is going to be able to come up with something that isn't already | :02:33. | :02:36. | |
widely discussed inside the energy community where we know that the | :02:37. | :02:38. | |
quickest and cheapest way to drive bills | :02:39. | :02:40. | |
down is to improve the | :02:41. | :02:41. | |
This investigation will allow the Government to show that it's not | :02:42. | :02:45. | |
tone deaf in the face of rising gas and electricity prices, especially | :02:46. | :02:48. | |
since only last week, Britain's largest provider, British Gas, | :02:49. | :02:50. | |
increased its standard electricity prices by 12.5%. | :02:51. | :02:51. | |
Both the US and China have welcomed tougher sanctions | :02:52. | :02:58. | |
against North Korea in the wake of its recent ballistic | :02:59. | :03:01. | |
The UN security council agreed the scanctions last night. | :03:02. | :03:07. | |
This morning, China's Foreign Minister said he hoped North Korea | :03:08. | :03:11. | |
would take what he said would be the smart decision on testing. | :03:12. | :03:15. | |
Earlier he met the American Secretary of State Rex Tillerson | :03:16. | :03:17. | |
at a conference of south-east Asian countries. | :03:18. | :03:21. | |
Yogita Limaye reports from the South Korean capital of Seoul. | :03:22. | :03:29. | |
It contains some flash photography. A picture that masks the tension in | :03:30. | :03:40. | |
this group. At a meeting in Manila, the US Secretary of State Rex | :03:41. | :03:43. | |
Tillerson was for the first time in the same room with his North Korean | :03:44. | :03:48. | |
counterpart. The two countries are in the midst | :03:49. | :03:53. | |
of a fierce confrontation over these missile tests by Pyongyang which | :03:54. | :04:00. | |
experts believe could reach the US. On Saturday, the UN Security Council | :04:01. | :04:05. | |
passed fresh sanctions against North Korea, drafted by Washington they | :04:06. | :04:09. | |
are aimed at hitting Pyongyang's exports and, therefore, economy. | :04:10. | :04:16. | |
At this meeting between South Korea's Foreign Minister and Mr | :04:17. | :04:19. | |
Tillerson the two leaders described the sanctions as a good outcome. The | :04:20. | :04:25. | |
measures were even backed by China, North Korea's ally and top trade | :04:26. | :04:31. | |
partner. TRANSLATION: The Chinese side urge the North Koreans to | :04:32. | :04:35. | |
calmly handled the UN Security Council resolutions and not do | :04:36. | :04:39. | |
anything beneficial such as a missile launch or nuclear test. | :04:40. | :04:44. | |
For North Korea the new sanctions could mean the loss of about $1 | :04:45. | :04:50. | |
billion. But experts say it is unlikely to deter the state-run | :04:51. | :04:54. | |
conducting more nuclear and missile tests. | :04:55. | :04:57. | |
The North Koreans are unlikely to negotiate anything until they will | :04:58. | :05:02. | |
have a proven capability to deliver a nuclear strike to the continental | :05:03. | :05:09. | |
United States. Once they get such a capability, probably in a few years, | :05:10. | :05:15. | |
they are probably going to talk. Here in Seoul the President's that | :05:16. | :05:20. | |
has welcomed the UN resolution but the response in North Korea has been | :05:21. | :05:23. | |
expectedly belligerent. A newspaper run by the country's ruling party | :05:24. | :05:28. | |
said the US would be catapulted into a sea of fire if it did not change | :05:29. | :05:32. | |
its hostile policy towards Pyongyang. | :05:33. | :05:36. | |
In Manila the US Secretary of State commemorated those who died in World | :05:37. | :05:39. | |
War II, and with his meetings there he hopes to contain the threat from | :05:40. | :05:44. | |
North Korea. It is making the Americans nervous, | :05:45. | :05:47. | |
but there seems to be more immediate solution. | :05:48. | :05:49. | |
A man has died and another has been found clinging to a buoy | :05:50. | :05:52. | |
after a boat sank in the English channel early this morning. | :05:53. | :05:55. | |
The coastguard has launched a search for other crew members. | :05:56. | :05:57. | |
Our correspondent Simon Jones is there for us now. | :05:58. | :06:09. | |
What is the latest? Two men are still missing, believed to be in the | :06:10. | :06:16. | |
water. We have had two coastguard helicopters in the sky searching for | :06:17. | :06:21. | |
them and two lifeboats, passing ships have also been asked to be on | :06:22. | :06:24. | |
the lookout. It started at around 6am when a fishing boat spotted a | :06:25. | :06:30. | |
man clinging to a buoy around two miles off the coast from around | :06:31. | :06:34. | |
here. He was brought to shore, he had been in the water for several | :06:35. | :06:36. | |
hours. He is a 45-year-old from London, we | :06:37. | :06:51. | |
understand from Romania originally. He told the emergency services that | :06:52. | :06:54. | |
the boat he was on went down, it is unclear why, but three of his | :06:55. | :06:56. | |
colleagues are missing. The hunt continued and at around 8:15am the | :06:57. | :06:59. | |
body of a man was discovered and brought back to shore. The hunt is | :07:00. | :07:01. | |
continuing for the two other men. The water temperature is around 15 | :07:02. | :07:06. | |
degrees, so as each hour passes, the hope is fading. Thank you, Simon | :07:07. | :07:07. | |
Jones. The Liberal Democrat leader | :07:08. | :07:18. | |
Sir Vince Cable has criticised elderly Brexit supporters for, | :07:19. | :07:21. | |
as he puts it, "comprehensively In an article in a Sunday paper, | :07:22. | :07:23. | |
Sir Vince - who is himself 74 -says older Leave voters are willing | :07:24. | :07:28. | |
to endure economic pain as a badge of honour, | :07:29. | :07:30. | |
although many of them do not He says they have had the last word | :07:31. | :07:33. | |
on Brexit by imposing a world view coloured by nostalgia | :07:34. | :07:37. | |
for Britain's imperial past. The Children's Commisioner | :07:38. | :07:39. | |
for England, Anne Longfield, says parents should limit the amount | :07:40. | :07:41. | |
of time their children spend online. She likened the internet to junk | :07:42. | :07:45. | |
food, saying that overuse could have a detrimental affect | :07:46. | :07:47. | |
on children's confidence We wouldn't let our children out | :07:48. | :07:49. | |
in a kind of strange city without, you know, giving them guidance | :07:50. | :08:02. | |
and looking after them, and actually we really shouldn't | :08:03. | :08:05. | |
for their digital world either. So this is about equipping children, | :08:06. | :08:08. | |
about enabling them to have the confidence | :08:09. | :08:11. | |
to manage their time online and also their confidence to say no | :08:12. | :08:16. | |
to that constant drain and pressure The American sprinter Justin Gatlin | :08:17. | :08:19. | |
will receive his gold medal later today after his dramatic 100 metres | :08:20. | :08:28. | |
victory over Usain Bolt at the World Gatlin has returned to the track | :08:29. | :08:31. | |
after two drugs bans and was booed Andy Swiss is there | :08:32. | :08:36. | |
for us this lunchtime. Andy, it's a result that | :08:37. | :08:42. | |
could overshadow today's events? Laasma's result has certainly pose | :08:43. | :08:56. | |
the sports awkward questions. And the sight of Justin Gatlin, a two | :08:57. | :09:01. | |
time drugs cheat on top of the medal podium will not sit easily with a | :09:02. | :09:04. | |
lot of people, especially after his boat Usain Bolt's farewell party | :09:05. | :09:09. | |
last night. It will be interesting to see what type of reaction he gets | :09:10. | :09:13. | |
when he collected his gold medal later. The head of the IAAF Lord Coe | :09:14. | :09:18. | |
says he hopes the fans will not boo him again, but interesting the | :09:19. | :09:22. | |
timing of the medal ceremony has been changed. It was due to be at | :09:23. | :09:29. | |
APM in the middle of the action, it has been brought forward to 6:50pm, | :09:30. | :09:32. | |
before things get under way. The organisers say they want to promote | :09:33. | :09:36. | |
a fair environment for the medal ceremony. Elsewhere hopes of British | :09:37. | :09:41. | |
success, Katarina Johnson-Thompson was fourth overnight in the women's | :09:42. | :09:45. | |
heptathlon, she has moved to third. She has had a good javelin, a good | :09:46. | :09:50. | |
long jump. Just one more event remaining. Thank you, Andy says. | :09:51. | :09:52. | |
You can see more on all of today's stories on the BBC News Channel. | :09:53. | :09:57. |