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?
Are you in danger of being hit by the big squeeze?
The financial press has picked up on one of our earlier stories regarding the "big squeeze" which has seen wage reductions in the UK as inflation rears its ugly head. There is no doubt that a reduction in spending power in real terms and an increase in the cost of living in the UK is going to push thousands upon thousands of people over the financial abyss. The so-called "big squeeze" is most cert...Read More
Ofwat to investigate proposed water price rises
The water companies have handed Ofwat a report which they believe makes perfect sense for them but will see water bills rising by 9% above inflation by 2015. This will add an average £355 a year to consumer bills before even taking into account inflation on top. So how can the water companies suggest such a package?
While the UK water supply industry may be one of the better ones...
Summer vets bills could soar
Pet owners will have to spend more on vets bills during the summer than the winter, the British Small Animal Veterinary Association (BSAVA) revealed.The fact that skin problems in animals are more likely to occur during the summertime means that pet owners could have to get vaccinations for their furry friends, particularly if they plan on putting them into a cattery or kennel while they go on hol...Read More
Are UK energy prices set to fall?
Despite recent attempts to decouple the UK energy market from the oil sector there is now growing pressure on UK energy providers to reduce costs. After a report from the International Energy Agency today we saw a significant reduction in the price of oil which is now around $50 a barrel. The report suggested that oil consumption in 2009 could fall by as much as 2.4 million barrels a day, heaping...Read More
Beware of scams as the recession bites
Today's announcement from the OFT regarding an increase in debt related services which may not be able to deliver on their promises has focused many minds upon the significant increase in scams around the UK. As we have seen in the past, times of financial trouble seem to attract the vultures of the UK business world looking to prey on the concerns and fears of many. It is worth remembering that i...Read More