06/08/2017 BBC Weekend News


06/08/2017

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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.

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Here's our business correspondent Joe Lynam.

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How much we pay for our energy to run our households and companies

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Policies like capping energy prices to support working families...

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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.

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And now this Oxford University professor

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has only three months to find out where any fat can be trimmed from

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He says he'll sort all of the facts from the myths

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But some consumer groups are sceptical.

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Prices are a very real problem for families across Britain,

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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

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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

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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

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Conservative governments on energy policy, says there's not much that

:02:20.:02:21.

can be achieved in a three month time frame.

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I think the review is essentially headlined management.

:02:25.:02:31.

I don't think Dieter, heroic though he

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is, is going to be able to come up with something that isn't already

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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

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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.

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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

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of a fierce confrontation over these missile tests by Pyongyang which

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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

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measures were even backed by China, North Korea's ally and top trade

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partner. TRANSLATION: The Chinese side urge the North Koreans to

:04:32.:04:35.

calmly handled the UN Security Council resolutions and not do

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anything beneficial such as a missile launch or nuclear test.

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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.

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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

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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

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has welcomed the UN resolution but the response in North Korea has been

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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,

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but there seems to be more immediate solution.

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A man has died and another has been found clinging to a buoy

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after a boat sank in the English channel early this morning.

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The coastguard has launched a search for other crew members.

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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

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water. We have had two coastguard helicopters in the sky searching for

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them and two lifeboats, passing ships have also been asked to be on

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the lookout. It started at around 6am when a fishing boat spotted a

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man clinging to a buoy around two miles off the coast from around

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here. He was brought to shore, he had been in the water for several

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hours. He is a 45-year-old from London, we

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understand from Romania originally. He told the emergency services that

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the boat he was on went down, it is unclear why, but three of his

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colleagues are missing. The hunt continued and at around 8:15am the

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body of a man was discovered and brought back to shore. The hunt is

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continuing for the two other men. The water temperature is around 15

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degrees, so as each hour passes, the hope is fading. Thank you, Simon

:07:07.:07:07.

Jones. The Liberal Democrat leader

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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,

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although many of them do not He says they have had the last word

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on Brexit by imposing a world view coloured by nostalgia

:07:34.:07:37.

for Britain's imperial past. The Children's Commisioner

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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

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food, saying that overuse could have a detrimental affect

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on children's confidence We wouldn't let our children out

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in a kind of strange city without, you know, giving them guidance

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and looking after them, and actually we really shouldn't

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for their digital world either. So this is about equipping children,

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about enabling them to have the confidence

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to manage their time online and also their confidence to say no

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to that constant drain and pressure The American sprinter Justin Gatlin

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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

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after two drugs bans and was booed Andy Swiss is there

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for us this lunchtime. Andy, it's a result that

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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

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time drugs cheat on top of the medal podium will not sit easily with a

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lot of people, especially after his boat Usain Bolt's farewell party

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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

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timing of the medal ceremony has been changed. It was due to be at

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APM in the middle of the action, it has been brought forward to 6:50pm,

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before things get under way. The organisers say they want to promote

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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

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heptathlon, she has moved to third. She has had a good javelin, a good

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long jump. Just one more event remaining. Thank you, Andy says.

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You can see more on all of today's stories on the BBC News Channel.

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