Boris / Kettle - the maths doesn't add up?

[SnowyWinterDays]

I might be missing something here but just doing the sums on the Kettle revelation from Boris.

New Kettle - £20
Saving per year ( every year) - £10

Which sounds fantastic but what about the initial outlay for the Kettle? My sums make it that it would take 2 years of savings to cover the Kettle cost.

Am I correct therefore that saving £10 per year doesn't come into effect until year 3? And Boris is wrong sayig it's every year?

I'd like to know where this kettle that lasts 2 years comes from !

Apparently the whole story that Boris recommended people buy a new kettle is bollocks. It was an analogy to explain why spending a lot up front on nuclear power was a good idea.

So people getting angry (because £10 is immaterial) are responding to a (in a way) completely made up story about Boris.

fullfact.org/news/Boris-Johnson-new-kettle/

And the liklihood of a £20 kettle holding out for 3 years makes it a risky investment if you ask me

It will be interesting to see how this argument is spun. I distinctly remember Question Times where the Labour MPs have been challenged on Labour's borrowing and spending records and the MP (may have been Bryant) using the example of needing to borrow money to buy a car because then you can travel to the job. So borrowing is essential at times. Things cost money up front but are worth it for the longer term investment.

We're on our 2nd one of those Buckingham kettles. The first lasted about 2 years.

I think the biggest fault in the equation is that a cost effective kettle will not cost just £20!

But I think he did actually say after 2 years you break even?

My £10 Argos special has been going for years.

It has 1 job to do - and it does it quite well. It holds just over a cup.

Yes - you don't start making any saving until year 3 ( the first 2 years are just paying back for your initial outlay).

If your kettle doesn't last for over 2 years anyway you are actually losing £10 a year so it's not a great strategy.

My maths isn't great. If the Kettle fails after 2 years and needs replacing for another £20 kettle how much are you actually losing per year? It's like a bloody brainteaser.

Can't work out if it's breaking even or losing based on the below. Taking into account the £10 per year saving.

Can anyone help?

Cheap kettles don't last many years anyway- so you also need to factor in buying a new kettle approx every 3 or 4 years.