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?
Is the MPs expenses system to blame?
Amid accusations of large-scale expenditure by various Cabinet ministers and MPs in the UK the government has today sought to blame the expenses system itself for the current debacle. Despite the fact that MPs are not obliged to claim various expenses, anything from plugs to antique fireplaces, there has been a widespread systematic use of the system to its full capacity. Let's not forget that MPs...Read More
Alistair Darling under pressure over expenses
Alistair Darling today faces claims that he submitted an invoice for service charges on his south London flat which he had rented out to tenants. The accusation of the claim for expenses on his flat while also taking living allowances on his grace and favour home in Downing Street is a bitter blow for the Chancellor. While he has vehemently denied all claims he appears to be one of the main target...Read More
Keep a close eye on your finances
If you were to sit down at this very moment in time and write down the assets which you hold, bank balances, mortgage balances and other financial investments you may have, would you be able to do it?
The chances are that the vast majority of people in the UK, and possibly around the world, would not be able to produce a list of their assets at any specific time because the fact is...
Online shopping continues to gain in popularity
A report by IMRG has confirmed that the appetite for online shopping in the UK continues to grow with £4.5 billion spent online in May which was a 22% increase over the same period last year. While the base figure may well have been artificially low, due to the recession, there is no doubt that demand for online shopping continues to grow. So what does this mean for the UK retail sector? Many...Read More
UK energy prices show sharpest rise in Europe
It has been revealed that UK energy prices have risen more than double that of any other European country over the last 12 months. This is yet another blow to the UK consumer who has seen prices continue to rise even though the underlying price of oil has fallen sharply over the last few weeks. There are grave concerns that with Christmas approaching many people will be forced to reduce their heat...Read More