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?
Holidaymakers set to see significant increase in passport cost
Holidaymakers in the UK have been hit with an inflation busting increase in the cost of a passport which will rise 7% to £77.50 in September this year. The cost of a children's passport will increase by £3 to £49 adding yet more expense to the cost of travelling overseas. When you consider that prior to the Labour government taking power the cost of an adult passport was just £18, it would app...Read More
British Gas profits anger consumer groups
Parent company Centrica today confirmed that its residential arm, British Gas, is on target to increase profits by over 50% for the full year. This comes at a time when wholesale prices have fallen by 25% during 2009 yet the cost to consumers has only been reduced by 10%. This particular anomaly has upset many consumer groups who have targeted Centrica and the British Gas division as an example of...Read More
Christmas might be a little short on finance this year
As the main UK lenders continue to pull back from issuing further credit lines to new and old customers many are starting to grow a little concerned about Christmas. The festive period has historically been based upon credit for many people as credit and shop cards go into meltdown, but this year looks like being very different.
Much like the way Egg contacted customers to warn t...
Is ASDA Closing The Gap On Tesco?
While the price of a weekly shop continues to climb higher and higher we are seeing the makings of what could turnout to be a brutal turf war between ASDA and number one in the sector, Tesco. ASDA has just reported like for like sales growth of 5.5% for the last 3 months something which seems to be going against the trend in the sector. So is ASDA closing the gap? Is Tesco losing the golden touc...Read More
Bus fares "increasing hugely"
Operating costs are to blame for the substantial increases in bus and coach fares seen over the last decade, an expert has said.Statistics from the latest social trends survey by the Office for National Statistics show bus and coach fares rose by 168 per cent between 1997 and 2006.Simon Posner, director general of the Confederation of Passenger Transport (CPT), believes a combination of rising sta...Read More