yalimart

The Carnwath Massive
UK Cost of Living
Our energy provider went the journey a few months ago now and we were transferred to EON next, previously we were paying about £1800 per year for our Electric, we get a rebate off the RHI scheme of about £1000 per year, to get that you have to have an energy efficient home and an energy efficient heating system, in our case it is one of those super efficient Air Source Heating units.
We easily met all the requirements.
Since we were moved to Eon next our bills have gone up to £2700 estimated on our projected use, its pretty accurate to be fair, they expect a further potential rise of another £1000 when they increase the cap in a few months. Now we can afford these increases, under protest of course but many can't. The VAT take is 5% so on energy the estimate is a gain of about £1 Billion to the exchequer, however we like others can only spend that money once, not twice therefore they will lose the VAT at 20% we would have spent on other items, giving a net loss to the exchequer.
I was also reading that since 1st of January foodstuffs are also likely to increase in price so not looking great for the future.

Whats the answer ? Surely there will need to be cuts in other areas, pensions and pensioners being in the cross hairs so often, Universal Credit being another target, VAT on food ?.
 

Mushroom

Member
UK Cost of Living
It will be the cost of living that takes Boris and the Tories out.
The public at large don't actually care about the lies, cronyism and plain bent standards when they are experiencing a growing economy, low taxes, mortgages and energy bills.
It is when the economy is doing nothing and then they are confronted with higher taxes (NI) higher borrowing costs and the ultra short sighted eco-friendly balls ups regarding energy that have led to unbelievable hikes in gas and electricity that starts to hit them hard in the pocket, that they start to ask what has gone wrong.
At this point - like April 2022 when it all comes together, they don't just feel the hit but then start to question what the government in charge have been doing.
The short answer is - following a mistaken path of reducing CO2 when no other country has basically bothered, some blatantly ignoring any such requests. The UK in it's quest for Eco-friendliness has ignored the fact that we have enough coal to provide energy for the next two centuries, enough gas reserves to last for at least 100 years if we explored North Sea and Fracking and have had the opportunity to build Nuclear power plants but have ignored all of these to utilise Wind Farms and Solar energy.
At it's best, renewables CAN account for 20% of the UK needs, at worst, only 5% as of now.
We have found ourselves at the mercy of external Gas supplies and with it (Putin) any costs imposed as we haven't even enough reserves to use through winter.
With these new 'costs' we have been hit with big bills, the inflation rate has risen and will continue to do so and the UK cost of living is rising on the back of it all. Add the taxes, then a stagnant economy and we have basically been stuffed by the ideology of the tree huggers and the reluctance of this government to make the UK self sufficient in energy.
As energy is the catalyst of industry and the economy, we are paying the price of the government being in blinkers and refusing to take action when it was needed - like about 10 years ago.
There is a part of me that says I would dearly love to see the the gas run out, the lights go out and those who put so much time into demolishing our energy supplies at home or prevent them being developed, shivering in their unlit homes for a miserable winter when the sun doesn't shine or the wind blow the turbines, but as usual, it would hit those hardest who are the needy, so I won't think any further about that one.
Forget the cheese and wine parties at no. 10 being the reason for the Tory government being voted out. Wait until the true cost of UK living comes to light in 2022 onwards.
That will put them out. Just need a credible opposition leader now.
 

Kanga

Member
UK Cost of Living
Our house insurance has increased by £12 pm, and despite our broker looking across the markets there's nothing comparable. Luckily we did a 2 yr fixed contract for electricity so we're ok for another year plus, but LPG for heating has gone up to 70p per litre fixed to the end of March, and it's anyone's guess after that. Yes, we can manage but I really feel for those on benefits and a low income.
 

Mushroom

Member
UK Cost of Living
That's CPI. Add at least 1% for RPI (as in Retail) RPI used to be the yardstick, but it was fudged into CPI instead for pension calculations etc. Unfortunately, when things like train fares increase or phone contracts - RPI is used.
 

yalimart

The Carnwath Massive
UK Cost of Living
 

Mushroom

Member
UK Cost of Living
After telling us that we need to reduce CO2, we now need to increase it for the world of foodstuffs in the UK and prices to have it supplied are ready to rise dramatically. There is a plant in Teeside and one in Cheshire owned by a large US firm that uses fertiliser on a grand scale to produce the CO2 in a deal with the UK government. The deal ends at the end of this month and unless the government agree a new one with the obvious amended fees of many millions of taxpayer pounds to get the two plants to restart after a September shutdown due to high Gas prices.
So, we have a situation that means due to our eco governments attempts to reduce CO2 at all costs in preference for renewables which do not provide anything like our needs, we have depended on foreign gas supplies, which have risen dramatically and in this case caused a CO2 providing business to close due to gas prices and now needs reviving with our money to create CO2 for food and drink at higher costs than before.
There is no doubt somebody in the UK government who will explain all this away.
For my part, I think it's time we became self dependent on energy and shelved the Eco practices until China leads the way.
 

Akasya

Postless Pointer
UK Cost of Living
Locally some of our pubs are over £5 for a pint of cooking , Jdw and one or two chain owned public houses locally offer cheaper booze but much of their business is food orientated these days .
Steve
 

Mushroom

Member
UK Cost of Living
There is a Malt kiln in Castleford, family owned by the Fawcett family for generations and they were on telly recently saying that the operation runs 24/7 and is fuelled by gas. Their gas bill has shot up 500%.
As Malt is added to foodstuffs and of course beer, there is not only the possibility that they could go out of business, but to survive, there is the inevitable 'knock-on' effect through the chain which will hit the consumer and add to inflation.
Meanwhile 25% is added to the bill for the green schemes, which are the cause of our energy dependence abroad to Mr Putin.
 
Top Bottom