Cost of living crisis.

[yorkie1999]

3 minutes ago, Raj said:

Hosepipe ban incoming yet drive down Hamiton way and the pipes are flooded and its gushing water all over the road to Tesco from the Porsche garage.

ANY savings youd make from a hosepipe ban has just been negated  by that burst pipe, unreal!

And you’d have thought the water companies would have collected a bit during the floods we had 

[String fellow]

44 minutes ago, Parafox said:

They are giving a fixed amount per household with no means testing. That's wrong IMO. My daughter is on benefits and on a pre-paid meter. Her bills are already higher than those on a tariff. She will get no more in credits than a wealthy person who can afford to absorb the increase in cost. 

Unjust and unfair.

Means testing isn't necessarily the most effective way for governments to hand out money, as this article explains.

https://cpag.org.uk/sites/default/files/files/policypost/The problem with means-testing - FINAL.pdf

[Guest ttfn]

It is absolutely ****ing mad that we have to wait a month for a new PM to take action on this.

 

Put to one side the fact that neither of the prospective candidates are likely to be capable of doing anything constructive, this is an emergency and we have to wait for the Tories to finish electing a leader to do anything about it.

[Fazzer 7]

2 hours ago, Daggers said:

Gov subsidies…and the profit they recorded here which was magically converted into a £154M loss so they didn’t have to pay any tax in the last recorded tax year. 

Just found this, it’s in the telegraph, so can’t post the link. 

[Lionator]

4 minutes ago, Fazzer 7 said:

Just found this, it’s in the telegraph, so can’t post the link. 

Good, let them sue and lose. Morally bankrupt blighters.

[Legend_in_blue]

Having listened to tonight's hustings both of them are clueless and have no viable solutions for tackling a £4200 price cap.

 

Giving back NI contributions and cancelling the green levy does bugger all to counteract a £2000 increase in bills.

 

Giving handouts to the most vulnerable households, without stating what this amounts to, but then in the same sentence reckoning that it is within the vast majority of people's means without handouts who aren't classed as vulnerable to manage, is plain stupidity.  

 

At what point does someone become vulnerable?  You can't put a figure on it.  It's a ridiculous way to go about it.

 

Govt needs to be more heavy handed with the source of the problem, rather than look to solve these issues after they've reached households.

 

Although best put in the politics thread, the fact that my mobile device is still in one piece having listened to the pair ramble on for more than an hour is quite some achievement in itself. 

 

 

[Legend_in_blue]

32 minutes ago, ttfn said:

It is absolutely ****ing mad that we have to wait a month for a new PM to take action on this.

 

Put to one side the fact that neither of the prospective candidates are likely to be capable of doing anything constructive, this is an emergency and we have to wait for the Tories to finish electing a leader to do anything about it.

Truss laughed it off as a viable way of going about solving the issue.  She said it wasn't possible to sit round a table with Sunak and Bojo to discuss it.  Zahawi was needed and the proper channels.  And members sit there and applaud it.  Unbelievable.

[yorkie1999]

11 minutes ago, Lionator said:

Good, let them sue and lose. Morally bankrupt blighters.

We’re gonna have to pay for it.

[yorkie1999]

21 minutes ago, Legend_in_blue said:

Having listened to tonight's hustings both of them are clueless and have no viable solutions for tackling a £4200 price cap.

 

Giving back NI contributions and cancelling the green levy does bugger all to counteract a £2000 increase in bills.

 

Giving handouts to the most vulnerable households, without stating what this amounts to, but then in the same sentence reckoning that it is within the vast majority of people's means without handouts who aren't classed as vulnerable to manage, is plain stupidity.  

 

At what point does someone become vulnerable?  You can't put a figure on it.  It's a ridiculous way to go about it.

 

Govt needs to be more heavy handed with the source of the problem, rather than look to solve these issues after they've reached households.

 

Although best put in the politics thread, the fact that my mobile device is still in one piece having listened to the pair ramble on for more than an hour is quite some achievement in itself. 

 

 

It seems to me that all they’re doing is handing out taxpayers cash, cos that’s what it is, our money not the governments, which will also be added to the national debt, that will go straight to the energy companies. Hang on, why can’t they just say to the suppliers , if you want to sell your product in this country this is how much you can sell it for. It’s like the government have given a free reign on the British public by the energy companies, which was ours in the first place before the Fvckin highwaymen sold it off.

 

another thing I find corrupt is this inflation thing. Working inflation out on a bunch of goods in a grocery bag ain’t right.!breads gone up 10p, eggs up 5 p so inflation must be 9%, hang on, the big bills of gas electricity, petrol etc have gone up by 50%! Why not measure your inflation on the expensive stuff and then announce to the electorate that  you can’t manage the economy because your a bunch of feckless willy pullers.

Edited 9 August 2022 by yorkie1999

[orangecity23]

1 hour ago, yorkie1999 said:

It seems to me that all they’re doing is handing out taxpayers cash, cos that’s what it is, our money not the governments, which will also be added to the national debt, that will go straight to the energy companies. Hang on, why can’t they just say to the suppliers , if you want to sell your product in this country this is how much you can sell it for. It’s like the government have given a free reign on the British public by the energy companies, which was ours in the first place before the Fvckin highwaymen sold it off.

 

another thing I find corrupt is this inflation thing. Working inflation out on a bunch of goods in a grocery bag ain’t right.!breads gone up 10p, eggs up 5 p so inflation must be 9%, hang on, the big bills of gas electricity, petrol etc have gone up by 50%! Why not measure your inflation on the expensive stuff and then announce to the electorate that  you can’t manage the economy because your a bunch of feckless willy pullers.

Always stuck me as taking the piss that house prices aren't included in inflation - most people's main expense each month is mortgages or rent, yet the aim of the game there is to inflate as much as possible! Politicians coming out wringing their hands about how it would be irresponsible for plebs to have a wage rise as it would cause inflation, yet when it's Sunak and pals helicoptering in a **** tonne of taxpayer cash into a Covid era housing market where prices weren't even falling, just slightly slowing down, until they superheated the market is a-ok. Now we have artifically pumped up house prices, giant energy bills and rising interest rates - our genius leaders have manufactured a scenario where lots of people could easily end up defaulting on mortgages - and isn't that what ultimately caused the 2008 financial crisis - Americans defaulting on mortgages causing bundled up bonds made from banks reselling those mortages on mass failing and taking down large investment banks.

[Jon the Hat]

2 hours ago, Lionator said:

Good, let them sue and lose. Morally bankrupt blighters.

WHo is going to pay if not the Government?  This was obvious from the start.  You can expect energy companies to not make massive profits, but expecting them to take a loss is not realistic.

[Jon the Hat]

2 hours ago, yorkie1999 said:

We’re gonna have to pay for it.

Or in this case the French Taxpayers.  

[ozleicester]

Hmm, so, if the French increased the tax rates... they could use that money to pay and either way the French people get lower power bills.

[ozleicester]

In Australia, the Commonwealth Bank the bank the Australian people built and owned which was then sold to wealthy investors, has today announced a 

$10,000,000,000

$$$ TEN BILLION DOLLAR PROFIT.

Imagine if that was given back to the government back to the people who NEED it

[Jon the Hat]

3 hours ago, ozleicester said:

Hmm, so, if the French increased the tax rates... they could use that money to pay and either way the French people get lower power bills.

And bigger tax bills.  8Bn isn't coming from the rich, it will comes from everyone.

[Daggers]

6 hours ago, Jon the Hat said:

WHo is going to pay if not the Government?  This was obvious from the start.  You can expect energy companies to not make massive profits, but expecting them to take a loss is not realistic.

That’s what reserves are for. It’s perfectly reasonable to expect companies to shoulder social responsibility as repayment for the obscene profits they make at other times. If they don’t, consumer power can crush them by removing all of its business. Business does not have a right to continually profit and expand, that seems to have been lost along the way somewhere. It owes a duty of care to its staff and its customers.

[st albans fox]

Energy is a market ?

but it’s not a free market here because there is a price cap

 

its all a bit confusing 

 

if the energy companies are buying ‘energy’ and selling it onto us then they must be allowed to do that at some level of profit or they go bust. 
if the energy companies are buying the raw materials of energy (ie oil, gas, coal,) and the power sold to the consumer costs y then they must be allowed to sell it at y multiplied by 1 x Something.  

 

I can understand the oil companies making fortunes because their unit costs have gone through the roof at sale yet their fixed costs haven’t. Even thought their profit margin hasn’t increased, their bottom line will massively. 
 

no one is explaining to the public what is happening with the energy companies who deliver our electricity and gas. How their model works 

 

I assume if we understand this then we can make informed judgments on how we feel about it and whether govt should be picking up the tab as they did in the pandemic - the size of the increases is significantly down to the pandemic (with ukraine/Russia adding a sig percentage on top) 

[st albans fox]

1 hour ago, Jon the Hat said:

And bigger tax bills.  8Bn isn't coming from the rich, it will comes from everyone.

Of course - but the wealthy pay a disproportionately higher percentage of their earnings than those at the foot of the ladder.  It’s just that by definition, they can afford to more easily.  And of course there are some who evade their responsibilities in this regard. Those who do so totally should be named and shamed. 

[weller54]

[Wymsey]

Not sure if true, but think have heard that France have a very good energy infrastructure in place and have so for years.

[Lako42]

Regardless of unit cost they are fleecing us all with the increase in standing charge.

 

At the very least the government should have stepped in on that and insisted they pay to maintain their own ****ing infrastructure that they use to create record profits. 

 

 

[grobyfox1990]

13 minutes ago, Lako42 said:

Regardless of unit cost they are fleecing us all with the increase in standing charge.

 

At the very least the government should have stepped in on that and insisted they pay to maintain their own ****ing infrastructure that they use to create record profits. 

 

 

The standing charge increase is a lot down to recovering the costs of bailing out the 28 suppliers who went bust. That cost billions 

[kenny]

25 minutes ago, Wymsey said:

Not sure if true, but think have heard that France have a very good energy infrastructure in place and have so for years.

We currently export electricity to France as many of their nuclear reactors are offline.

[foxes1988]

16 minutes ago, kenny said:

We currently export electricity to France as many of their nuclear reactors are offline.

 

Haha thats so depressing. Their energy is soo good they do't even need to use their energy produced in their borders they just use their infrastructure in the UK without having to pay the ridiculous increases we have.  Fair play to them well played les blues 

[kenny]

Just now, foxes1988 said:

 

Haha thats so depressing. Their energy is soo good they do't even need to use their energy produced in their borders they just use their infrastructure in the UK without having to pay the ridiculous increases we have.  Fair play to them well played les blues 

The cable was put in to allow us to import energy from France as they 'had' good infrastructure. Its the one Macron was threatening to cut over the fishing argument. He wasn't aware that its actually used both ways and currently its one way.

 

Around half their plants are closed due to maintenance issues and are reliant on ourselves and the EU for power at the moment.

 

All this talk of cheap electricity for French people will be very costly to the French government.