AIBU TO WONDER HOW IN GOD'S NAME PEOPLE WILL BE ABLE TO AFFORD THE INRESE IN ENERGY PRICES

[Diamondsareforever123]

OK this obviously won't affect those who are lucky enough to have money - but - how are those on low incomes/benefit, poor pensioners, etc. ever going to possibly be able to afford the energy price increases? Also the increases will have a knock-on price increase effect on everything we buy - food, clothes ...... I am concerned.

It is currently forecast to go up a further 20% in October.

Whenever people vote in the minority on threads like these, they hardly ever come on and have the balls to say why. Twats.

@FourTeaFallOut

It is currently forecast to go up a further 20% in October.

Fucking hell.

I'm OK for my electric because i fixed last year but my gas is a card meter I'm wondering if I can do anything or if they will force me onto a smart meter and will that change my electricity tariff

@FourTeaFallOut

It is currently forecast to go up a further 20% in October.

People can't afford it

The French government compelled EDF to limit price increase to 4%

www.theguardian.com/business/2022/jan/14/france-edf-cap-household-energy-bills

Last week our government passed a massive tax reduction measure for bankers.

YADNBU. I am planning to barely have the heating on at all now. And I know I'm in a better financial position than many.

Honestly I'm already sick people will die if this continues

@FourTeaFallOut

It is currently forecast to go up a further 20% in October.

You have got to be kidding me

Does anybody else remember that dystopian tv series right before the pandemic? Had Rory Kinnear ?

As the lady on Good Morning Britain pointed out they literally cannot put us all in jail for non-payment so quite honestly in terms of how we will afford it, well we will just be in debt for 25 years if that’s what needs to happen … so fucking what. I will not go without food and I will not have my children cold.

@Gardeningcreature

We should not have to live like this that is the entire point. Both dh and I work full time. I absolutely should not have to tolerate this shit. I didn’t vote for it. I’ll say it again. You will get the ‘Let’s blame X lazy bastards, they shouldn’t live in a house with central heating/feed their children/own a pair of shoes/own a car/have a phone etc etc etc When will people wake the fuck up. This government have spent BILLIONS on their mates and giving tax payers money to their mates. They do not give one fuck about anyone who has to actually work for a living. If you have had the privilege of attending a private school which cost £23,500 PER YEAR per child plus over £1000 for a uniform, you have no idea, repeat no idea what it will mean to go out to work to earn a living. The thought that some people will not be able to give their children a hot meal or bath them due to the sheer expense is incomprehensible to entitled (usually white middle class males) who are in power. You may as well talk in Chinese for all the comprehension they will have.

Absolutely this.

Price cap is reviewed every 6 months - although they want to reduce that to 3 months so it smooths out more.

I am very nerdy about knowing my power usage - and I have just come from a collapsed power company so am now creating my own spreadsheet to see what happens.

It’s awful. My DH and I have both had significant pay rises this year, and are disgruntled at the additional costs. However, we both feel incredibly lucky that we can absorb these costs and are horrified for those who can’t. Plus the ripple effect it’ll have on local businesses.

Last week our government passed a massive tax reduction measure for bankers

UK banks face higher tax bill despite profit surcharge cut.

British Finance Minister Rishi Sunak said in his budget statement that the current 8% surcharge on profits over 25 million pounds at banks will be cut to 3% from April 2023, softening the impact of a rise in UK corporation tax on that date to 25% from 19%.

"The overall rate of corporation tax on banks will in 2023 increase from 27% to 28%, and will remain higher than the rates paid by other companies,"

www.reuters.com/world/uk/britain-lower-banks-profit-surcharge-3-april-2023-2021-10-27/

We already pay £170 a month for gas and electric. I’m disabled, as is Ds aged 9. We both get the highest rates of disability benefits long term. Dh works full time in a low ish paid job. There aren’t any better paid jobs where we live. He is trying. And no we can’t just move. We have no spare money. We can’t afford more than we already pay. We have £8k worth of debt due to house repairs - we own our home, a throwback to when our lives were better but now we can’t afford to make repairs and keep maintenance up. It’s hell and we just scrape by. The only option we really have is to get into more debt. And eat less.

They won't, with the increase in rent, food and utilities, this will be the first year my outcome will exceed my income and this is with selling the families second car, cancelling any subscriptions, meal planning and being over cautious with heating, electrical appliances and water. I've spent most of this evening telling DSS to turn the lights off and to put on a jumper.

[quote Clavinova]Last week our government passed a massive tax reduction measure for bankers

UK banks face higher tax bill despite profit surcharge cut.

British Finance Minister Rishi Sunak said in his budget statement that the current 8% surcharge on profits over 25 million pounds at banks will be cut to 3% from April 2023, softening the impact of a rise in UK corporation tax on that date to 25% from 19%.

"The overall rate of corporation tax on banks will in 2023 increase from 27% to 28%, and will remain higher than the rates paid by other companies,"

www.reuters.com/world/uk/britain-lower-banks-profit-surcharge-3-april-2023-2021-10-27/[/quote]
My heart bleeds. They could have held back on that cut and delayed it.

The banks have benefitted tremendously over the last few decades for fucks sake.

@Theunamedcat

Honestly I'm already sick people will die if this continues

This. Lots of people have health issues that means that they have to keep warm, as getting cold could and will cost some their lives.

@Rabblesthecat

Pah!

It is what it is…….

Just about to buy car number 3

Tone deaf much?! Or just a troll. Either way your comment is just uncalled for.

[quote Clavinova]Last week our government passed a massive tax reduction measure for bankers

UK banks face higher tax bill despite profit surcharge cut.

British Finance Minister Rishi Sunak said in his budget statement that the current 8% surcharge on profits over 25 million pounds at banks will be cut to 3% from April 2023, softening the impact of a rise in UK corporation tax on that date to 25% from 19%.

"The overall rate of corporation tax on banks will in 2023 increase from 27% to 28%, and will remain higher than the rates paid by other companies,"

www.reuters.com/world/uk/britain-lower-banks-profit-surcharge-3-april-2023-2021-10-27/[/quote]
I get more angry the more I read this. It’s a tax on profit which is after costs are taken into account. So the only ones losing out would be the directors who get shares and dividends and shareholders. I’m willing to be they can afford it.

This is the problem when you have a chancellor who’s an ex Hedge Fund manager and doesn’t know or care for ordinary people.

I'm more concerned about this compulsory £200 loan. I don't or need it, yet according to Martin Lewis we can't opt out of it. I don't want to owe Rishi Rich £40 a year for the next five years. Feels like a scam.

People really need to know what devices in their house use a lot of energy - either in a short term such as a heater on for an hour or in the long term such as a computer being run for many hours over a year.

I did start a thread on this yesterday - but no one responded. Feel free to ask questions.

www.mumsnet.com/Talk/_chat/4471775-Confused-about-the-price-cap-and-energy-consumption-Heres-the-thread-for-the-physics-and-the-maths-to-help-you

@PinchOfVom

Does anybody else remember that dystopian tv series right before the pandemic? Had Rory Kinnear ?

Years and Years?

The £200 loan just seems like a money making scheme. Correct me if I'm wrong but I'm sure I heard on Martin Lewis that If you are a family with 2 children living at home and the children then move out to their own homes, both children and yourself will have to pay back the loan

[quote cakeorwine]People really need to know what devices in their house use a lot of energy - either in a short term such as a heater on for an hour or in the long term such as a computer being run for many hours over a year.

I did start a thread on this yesterday - but no one responded. Feel free to ask questions.

www.mumsnet.com/Talk/_chat/4471775-Confused-about-the-price-cap-and-energy-consumption-Heres-the-thread-for-the-physics-and-the-maths-to-help-you[/quote]
I admit I haven’t looked at the thread but so many of these sorts of comments assume that people can turn things off / choose to use less / cut down on things. Many, many people are already using the absolute bare minimum of everything that they can and many people - like us- need to do several loads of washing each day and use the tumble dryer regularly to cope with things like chronic incontinence issues. We are lucky that our appliances are fairly new and economical but those on lower incomes probably have no hope of replacing high usage appliances. You have to have money to save money.