Move to green energy hitting fuel poverty suffers
Those at the very bottom of the UK income spectrum are being hit disproportionately hard when it comes to investment in green technology and green energy. This is the conclusion of a report produced by the government's Fuel Policy Advisory Group which will force the UK government to think again about the green energy policies which are currently in place. But why should green energy cost more?
The truth is that the UK does not at this moment in time have an adequate framework to produce green technology and green energy at an affordable price. So UK taxpayers are yet again being milked to cover the initial investment in green technology and green energy which has led, and will continue to lead, to a significant increase in forthcoming energy costs. It is believed that energy costs in the UK could rise by as much as 50% in the short term and are unlikely to fall even when the green energy framework is in place.
Why is it that the introduction of a new technology always leads to higher taxes and higher costs for UK consumers and UK businesses? It seems that corporate UK is willing to take the benefits of these moves but in many cases is unwilling to take on initial setup costs?
How often do you review your financial affairs?
While we all read the financial press, the headline news, how many of us actually review our financial affairs on a regular basis?
Research has shown that that more and more people in the UK are happy to leave their financial affairs untouched from year to year which in the long run will actually cost money. Unless you make your money work for you and do as much as possible to reduc...
Food Price Inflation Hits 7%
While in the wider market inflation may be nudging ever closer to 4%, the figure for year on year food price inflation has reached a staggering 7% with more and more retailers forced to pass on energy and transport cost rises to the consumer. Foods prices in June 2008 rose by 7% compared with June last year and with the price of oil set to move higher it seems that food price inflation may not ye...Read More
Tory MP quits over expenses claim
In yet another bit of swift manoeuvring by David Cameron it was revealed that Conservative MP Andrew Mackay has today quit as his aide after an "unacceptable" expenses claim. While specific aspects of the claim have yet to be aired in public it is alleged to have involved the art of "flipping" primary and secondary properties. This comes at a time when the Labour Party appears to be dragging its h...Read More
Benefits, benefits, benefits
Despite the fact that the UK social security budget takes one of the larger slices of the taxpayer income cake it seems that many people are too proud to claim benefits as and when required. The last 18 months have shown that despite significant job losses many people are still too proud to claim the dole, housing benefit and other simple benefits which can reduce the pressure of living under a fi...Read More
Is unemployment benefit at risk in the future?
One problem which many people will have trouble getting their heads around in the short term is the fact that even if the economy was to pick up tomorrow the unemployment figure would continue to rise well into 2009. This lag between a slowdown in the economy and increase in unemployment has only just started and there are serious consequences for the government.
As unemployment ri...