| Likely better off on universal credit | Likely worse off on universal credit | ||||
Most people who work and rent, some people who have 'higher earnings' but don't rent Some people who have 'higher earnings' but don't rent |
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So anecdotal rather than informed opinion.
Good post - I think this is what a lot of people are missing.At the moment there is no affordable energy rate, it's completely impossible because gas is imported at market rates and the market rate for gas has gone up by 400% in just 12 months. The only option for the government is to subsidise the price of this gas, that's it, there's no other choice and it'll probably cost the earth which is why they won't do it.
This isn't due to profiteering either, it's because a considerable chunk of the world's gas comes from Russia and the Russian market stall for gas has now closed. The rest of the world now must fight for supply which is why there is a real threat that the lights could go out over the winter let alone whether we need to worry about prices.
This is happening specifically here because the UK generates 50% of its electricity from burning gas which is why France is enjoying affordable rates in comparison.... 80% of their electricity comes from nuclear and you don't need to import any gas to run a nuclear powerplant.
but if people cant pay what then leave the vunerable to freeze to death.the government can cut green taxes and vat just for starters.im afraid if the government dont give meaningful help they wont get re elected so im pretty sure they will have to take it on the chin and do somethingGood post - I think this is what a lot of people are missing.
Gas/oil companies are raking it in because of the dramatic rise in prices and scramble for supply due to Russia being out of the equation. The energy suppliers are simply passing on their eye-watering costs to us.
Somebody has to pay big money for the energy, so if it isn't us, it has to come out of government reserves (which will ultimately have to be replenished by taxes). I've yet to see the maths that says windfall taxes on energy companies alone can cover the bill.
Yes, I agree, they definitely have to do something, no argument.but if people cant pay what then leave the vunerable to freeze to death.the government can cut green taxes and vat just for starters.im afraid if the government dont give meaningful help they wont get re elected so im pretty sure they will have to take it on the chin and do something
will you be taking part in real protests and kick off?I mentioned it to another business owner who seems to think they’ll be doubling again in April.
Successive governments have done a piss poor job of ensuring our energy security in this country. In fact what they’ve done is criminal.
Throwing net zero and green levies on top of an already strained sector is nuts. But as someone else said, we’ll all grumble then grab a brew and watch strictly.
I do genuinely wonder what the line in the sand is for the average Brit, before they get off their arses and protest. Like, really protest and kick off so the government take note.
A ban on foreign holidays? Instagram or tiktok being banned? No more Love Island?
No matter what gets thrown at most brits they seem to just accept it and plod on. Crazy.
It’s an irrelevant post.Good post - I think this is what a lot of people are missing.
Gas/oil companies are raking it in because of the dramatic rise in prices and scramble for supply due to Russia being out of the equation. The energy suppliers are simply passing on their eye-watering costs to us.
Somebody has to pay big money for the energy, so if it isn't us, it has to come out of government reserves (which will ultimately have to be replenished by taxes). I've yet to see the maths that says windfall taxes on energy companies alone can cover the bill.
you would still have your credit score trashed though, the bill will become a default with a payment arangement,think the only domestic bill now which is not credit scored is the council taxI wouldn't advocate simply refusing to pay energy bills outright - such a stance would only really work if millions and millions did it. A few thousand doing it will only land those people in trouble and it will affect credit scores, etc. What I would advocate is use what you need to use this winter and don't risk freezing yourself, while at the same time talking to your supplier and telling them what you can realistically afford to pay. They'd surely have to agree to some sort of affordable repayment plan for the rest.
In that case, the government should intervene and order that any agreed repayment plans/deferred payments don't affect credit scores while prices remain high. They did this during the first Covid lockdown with mortgages. People were allowed to defer mortgage payments for up to 6 months without it affecting their credit score. If they did it then, they can surely do it now.you would still have your credit score trashed though, the bill will become a default with a payment arangement,think the only domestic bill now which is not credit scored is the council tax
Afaik Bulb in particular only changed their terms to mention credit scoring last week.In that case, the government should intervene and order that any agreed repayment plans/deferred payments don't affect credit scores while prices remain high. They did this during the first Covid lockdown with mortgages. People were allowed to defer mortgage payments for up to 6 months without it affecting their credit score. If they did it then, they can surely do it now.
Well that's a proper ****'s trick. I know the government are in bed with these companies but they're seriously going to have to do something with what's round the corner.Afaik Bulb in particular only changed their terms to mention credit scoring last week.
Energy companies know what’s coming and are doing their best to keep everyone trapped - and paying through the nose.
Whilst people might not care where the money is coming from, the solution has to be one that works in the real world.It’s an irrelevant post.
People don’t/won’t care why they can’t afford to heat their homes, they’ll be asking for the solution.
will you be taking part in real protests and kick off?