tullah
Member
- Location
- Linconshire
Giving subsidies then sending round clipboarders to check everything is above board must cost country a fortune.
Giving subsidies then sending round clipboarders to check everything is above board must cost country a fortune.
not sure I buy that argument.... reducing a £2000 increase in average energy use by £400.. still leaves households £1600 less disposable income...Bit more cash to stoke the infation fire, popular policy though. Ho hum
Would have been better to give every person in the country a British wool jumper to wear, would have helped CO2 emissions as well as save people money on heating
Yeah you maybe right, as I understand it the £400 will be given to the energy companies to knock off folks bills, but the £650 to folk on benefits will be a one off payment, with an extra £150 one off to folk on disabillity. I'm sceptical that any amount of money chucked about will solve anything tbh. The problems around personal debt are so fundemental the a few hundred quid is pissing in the ocean. Saw a bit of that martin lewis chap's "Cost of living crisis special episode" just seemed to be about holidays.not sure I buy that argument.... reducing a £2000 increase in average energy use by £400.. still leaves households £1600 less disposable income...
That aside, as I understand it... £400 per household available to all households? So a sole occupier in a tiny well insulated flat gets £400 and a family in a large farm house also gets £400 but the latter will see a massively greater jump in their energy expenditure.
It’s easy to be sceptical (and it’s my default position on all things tbh), it’ll barely be noticed by some people but it will ease the pain slightly for others, but only slightly. Govt won’t get a huge lot of credit in either camp. "It’s not enough". Or "what difference will it make?".Yeah you maybe right, as I understand it the £400 will be given to the energy companies to knock off folks bills, but the £650 to folk on benefits will be a one off payment, with an extra £150 one off to folk on disabillity. I'm sceptical that any amount of money chucked about will solve anything tbh. The problems around personal debt are so fundemental the a few hundred quid is pissing in the ocean. Saw a bit of that martin lewis chap's "Cost of living crisis special episode" just seemed to be about holidays.
I notice the chancellor is being very cagey as to what it's called, but then it is a bit gauling to pay a fortune at the pump whilst petrochemical countries make vast profitsIt’s easy to be sceptical (and it’s my default position on all things tbh), it’ll barely be noticed by some people but it will ease the pain slightly for others, but only slightly. Govt won’t get a huge lot of credit in either camp. "It’s not enough". Or "what difference will it make?".
What really pees me off about it is the tax-for-the-mathematically-challenged Windfall Tax on the energy companies. If windfall taxes are a good idea (and they‘re not) then why just impose them on energy companies? What about Pfizer/Moderna and the rest? Weapons manufacturers etc? Imposing the tax on energy companies will either reduce investment in renewables (which is needed to ensure lower bills ultimately) and/or reduce money paid into people’s pension funds. The average punter loses either way. Meanwhile the govt has seen a huge uplift in VAT receipts precisely because of the high energy prices. Have you heard anyone mention this in the last 24 hours?
But why pick that one industry when vast numbers of companies in other industries make obscene amounts of money too?I notice the chancellor is being very cagey as to what it's called, but then it is a bit gauling to pay a fortune at the pump whilst petrochemical countries make vast profits
Yes, discussed on Question Time last night. A windfall tax is a blunt instrument but the consumer has funded a massive profit to energy companies by accident of war so it is just like paying a one-off dividend to a lot more shareholders. As for investment they still have plenty profit left over and if they think there is money in renewables they will invest anyway as fossil fuels are disappearing.Meanwhile the govt has seen a huge uplift in VAT receipts precisely because of the high energy prices. Have you heard anyone mention this in the last 24 hours?
You think it’s only war that’s caused energy prices to go up? It isn’t btw. Nothing wrong with helping people with some money, it doesn’t have to come from a windfall tax specifically. These companies will be paying a lot more tax this year anyway, that’s how the system works. For all companies. They are investing in renewables to appear greener, but now we’ve changed tack and are demanding they invest in fossil fuels again because of painful fossil fuel prices. We’re flipflopping all over the place. Oh, and what’s DD got to do with owt? The DD means you get a lower price than you otherwise would, that’s how it’s priced.Yes, discussed on Question Time last night. A windfall tax is a blunt instrument but the consumer has funded a massive profit to energy companies by accident of war so it is just like paying a one-off dividend to a lot more shareholders. As for investment they still have plenty profit left over and if they think there is money in renewables they will invest anyway as fossil fuels are disappearing.
Don't forget we give the power companies a billion pound interest free loan each year through their inflated direct debits.
Can I get a few bottles of single malt instead of the jumper, please?I don't get this obsession with the idea that everyone needs to stick a jumper on that saves heating. Old people are best kept warm in a warm house
Just been checking this myself
It’s the meter profile class that matters.
Thankfully the farmhouse here is class 1. The farm meters are classed as non-domestic (3 and 4).
There is an MPAN number on your bill. The first digit after the S tells you the profile class. It needs to be a 1 or a 2 to be domestic.
Both import and export MPANs start with 22000.
So we’ll see.
Did someone mention oil?
Populism and needing a populist policy to distract from partygate, imho they've backed themselves into a corner created by their own incompetance. Also they don't want to irritate their banking chumsBut why pick that one industry when vast numbers of companies in other industries make obscene amounts of money too?
Well quite. It’s an easy tap in for them. Thing is, they should be above mindnumbingly easy cop out solutions. I believe they’ve stated that some of the money will come from the windfall tax and the rest from borrowing. So no mention of the increased VAT receipts then….Populism and needing a populist policy to distract from partygate, imho they've backed themselves into a corner created by their own incompetance. Also they don't want to irritate their banking chums
They will be paying more tax but will also make massive profits - which is partly provided by me.You think it’s only war that’s caused energy prices to go up? It isn’t btw. Nothing wrong with helping people with some money, it doesn’t have to come from a windfall tax specifically. These companies will be paying a lot more tax this year anyway, that’s how the system works. For all companies. They are investing in renewables to appear greener, but now we’ve changed tack and are demanding they invest in fossil fuels again because of painful fossil fuel prices. We’re flipflopping all over the place. Oh, and what’s DD got to do with owt? The DD means you get a lower price than you otherwise would, that’s how it’s priced.
I do sympathise, but that's not the oil/gas company, that’s the supply company. Most of us have had fun and games with those highwaymen. I get the anger but that’s why it’s such a popular policy among people looking for easy answers and quick fixes rather than long-term sensible policies. Call me a dreamer but a little part of me wants good policies rather than vote-winning policies. I realise I’m swimming against the tide…They will be paying more tax but will also make massive profits - which is partly provided by me.
You are correct that the over-estimated DD is not directly related but is part of how they raise money in advance. A senior exec was quoted that they were printing money this year.
I would add that my opinion is coloured when you get an electricity bill for £3000 for a 2 bedroom flat with gas central heating and they threaten you with all sorts of consequences including debt collectors before finally accepting 6 months later that the reading was wrong and it was only £150.
Fantastic everyone gets £400 is that per house, per person , and no matter how wealthy you are.
What a way to run a country >
I take your points but in our case it was Scottish Power who also generate a lot of electricity. Anyway, should have claimed hundreds in wated time, letters, etc but they wear you down with their inertiaI do sympathise, but that's not the oil/gas company, that’s the supply company. Most of us have had fun and games with those highwaymen. I get the anger but that’s why it’s such a popular policy among people looking for easy answers and quick fixes rather than long-term sensible policies. Call me a dreamer but a little part of me wants good policies rather than vote-winning policies. I realise I’m swimming against the tide…