A warning from Liz Truss has come back to haunt her after footage showing her saying a tax cuts bonanza would lead to "boom and bust" was unearthed.
22.09.2022 - 12:23 / deadline.com
EXCLUSIVE: New UK Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are preparing to unveil the government’s plan to tackle the worst cost-of-living crisis for decades, and the TV industry is not immune.
As Britain’s production community feels the crunch, the BBC, ITV, Channel 4 and Paramount-owned Channel 5 have each told Deadline that they are taking a flexible approach to the budgets they set producers to make shows in order to account for any extra costs, with Channel 4 currently in the process of reviewing its commissioning tariffs.
And those costs are spiralling, with gas and energy bills skyrocketing and inflation hovering at an incredible 10%. Truss and Kwarteng’s plan, which comes after the UK parliament shut down due to the death of Queen Elizabeth II, will aim to deal with this in some regard and they have already unveiled a blueprint to help protect businesses over the coming months.
In recent weeks, multiple producers have raised concerns to Deadline over the rising costs and John McVay, the CEO of producer trade body Pact, told journalists earlier this month that broadcasters needs to be “sympathetic” to their plight.
According to McVay, drama producers are reporting costs rising by up to 30%.
Internally, both Sky and ITV have handed bonuses to staff to help them through the crisis, which has the UK harking back to the dark days of the early 1970s.
When approached by Deadline, each broadcaster stressed that they are flexible in order to account for extra costs. The full responses can be seen below.
Channel 4 is in the process of reviewing commissioning tariffs and said “for some years now we have been assessing each production budget on the basis of realistic costs rather than sticking rigidly to published
A warning from Liz Truss has come back to haunt her after footage showing her saying a tax cuts bonanza would lead to "boom and bust" was unearthed.
The Conservatives face an electoral wipe out in Scotland for the second time in 25 years as polls show voters turning their backs on the party.
Nicola Sturgeon has accused Liz Truss of "ranting" about her opponents during the Prime Minister's speech to the Conservative party conference today.
Prime Minister Liz Truss has defended her Government’s disastrous mini budget that nearly tanked the UK economy.
Conservative backbenchers have warned Liz Truss 'has little more than a week' to save her leadership as she prepares to defend to her 'new approach'.
The government has confirmed that millions of households all across the UK will soon receive the second instalment of the £650 cost of living payment.
As the Prime Minister Liz Truss was grilled by Laura Kuenssberg, viewers questioned whether she REALLY understands that 'people are worried'. The PM was quizzed by the BBC presenter on Sunday morning (October 2).
Stacey Solomon has admitted that she may struggle to pay her energy bills this winter amid the cost of living crisis.
Prime Minister Liz Truss admitted that it will be a “difficult winter” for the UK hours before the new energy price cap came into force from today (Saturday, October 1). But she defended the mini-budget revealed earlier this week despite the “disruption” the plans caused.
Prime Minister Liz Truss has defended her Government's controversial tax cuts as she vowed to 'usher in a decade of dynamism'. Truss has come under fire from Labour who accused the Prime Minister and Chancellor Kwasi Kwarteng of gambling with people’s finances in 'casino economics', and claimed their 'trickle-down' approach will leave the next generation worse off.
Seven out of 10 pubs could close this winter unless they get urgent government support to combat soaring energy bills, Parklife and Warehouse Project founder Sacha Lord has said.
K.J. Yossman Last Thursday evening (Sept. 8), “Operation London Bridge” – the codename for the British government’s longstanding arrangements surrounding Queen Elizabeth II’s death – swung into motion as the U.K.’s longest-serving monarch, who recently celebrated a record-breaking 70 years on the throne, drew her last breaths at Balmoral Castle in the Scottish Highlands. For global news outlets, this was also a moment many had spent decades preparing for. “I’ve literally been thinking about this for many, many years,” said ABC News’ senior executive producer for special events, Marc Burstein. Similarly Chris Shaw, editorial director at U.K. broadcaster ITN News, told Variety that over 35 years he has rehearsed the Queen’s death “several times each decade.”
Prime Minister Liz Truss has paid tribute to the late Queen Elizabeth II in Parliament, describing her as 'one greatest leaders the world has ever known'. MPs observed a minute’s silence in memory of the Queen in the House of Commons chamber on Friday (September 9).
Queen Elizabeth II made history on Tuesday, when she both accepted the resignation of former British Prime Minister Boris Johnson and appointed new Prime Minister Liz Truss at Balmoral Castle in Scotland. Truss is England's third female prime minister and the 15th prime minister to serve during the queen's 70-year reign. Breaking tradition, the 96-year-old reigning monarch chose to relocate the symbolic events due to her ongoing health and mobility issues.
The Prime Minsiter has expressed her concern about the health of the Queen after Buckingham Palace announced a deterioration in the monarch’s health.