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?
British Gas Set To Increase Prices By 35%
In a moved which again was not totally unexpected Centrica, the parent company of British Gas, has announced that cost rises will be passed onto British Gas customers in the run up to winter after revealing that profits had fallen by 68% in the six months to June 2008.
Customers who just take gas from British Gas will see their bills rise by 35% and those who take both electricity a...
Worrying signs in Japan as prices fall
While the rest of the world battles to maintain a positive consumer price index figure, Japan today revealed that consumer prices, excluding fresh food, declined by 0.1% in April. This is compared to 12 months earlier and heralds a return to deflation in a country which was decimated back in the 1980s and 1990s by the fall in the stock market, the collapse of the property market and deflation. So...Read More
Contactless payment systems on the way
From next year supermarkets customers in the UK will be able to pay for their goods via a contactless payment system with the Co-op the latest major UK supermarket to sign up to the program. These cards, which are issued by Barclaycard and Visa, simply allow customers to pass their card across a sensor which will take their details and automatically deduct money from their accounts. No PIN numbers...Read More
UK families caught in funding squeeze
Families across the UK are today looking at a nightmare scenario with inflation running at 3.2% and wages under pressure with softness predicted in the employment market. Despite the fact that UK households have struggled to make ends meet for over two years now, since the credit crunch hit home, the situation could get much worse over the next 12 months. So what can we do? The simple answer is...Read More
CSA due for serious overhaul
The Child support agency, which has been the worst performing government department for some time, is undergoing a serious revamp which will allow more flexibility for the parties involved and also lead to an ultimately more generous settlement. As well as increased accountability for the Department there are also immediate plans to increase the amount of maintenance a child carer is able to recei...Read More