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Hello and welcome to Coffee House Shots. The Spectators is daily politics podcast.

I'm Cindy Yu and I'm joined by James O'South. So James today is April 1st and is the day that the

new energy price cap kicks in which means much higher energy bills for millions of households

across the country and unfortunately it's not an April force joke. Do you think that this is the

moment when the cost of living crisis becomes very very real and the pressure on the Chancellor

and the government in general increases? The cost of the crisis is already real obviously real

for some people right now at the moment. I think it will become real for even more people in

the coming months because that's when people will start paying these higher bills for fuel,

for food and the like. I think in some ways the kind of the difficulty for the government is

that this is coming in now. It's coincided with a cold snap so people will really will be

feeling these dilemmas about whether it's turning the heating on or not and look I mean the government

has I mean one thing that is the government have not done a good job of pointing out is they've

already spent 9 billion pounds helping people with this increase and I think it's very uncertain

now what the increase is going to be from October you know that will be announced in August.

I think you saw the volatility in the markets which is the other day when they were kind of hopeful

noises out of the peace talks in Istanbul between Russia and Ukraine price energy started falling

yesterday. I'm glad that it appeared to be suggesting that you know anyone who wasn't prepared to

pay for their Russian gas in rubles would be cut off. You know any prices began to rise because

not the UK imports huge amount of gas in Russia but the European gas price would rise because the

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