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 bankruptcy the end of the world?
As more and more people throughout the UK continue to fall deeper and deeper into debt, the spectre of bankruptcy looms large for many. But is bankruptcy the end of the world? Is it really as bad as people say?
While it would be foolish to say that bankruptcy is not a serious issue and a last resort, the implications are no where near as severe as they were just twenty years ago....
Shoppers Desert The High Street For The Online Experience
Just when many retailers thought it could not get much worse it has been confirmed that 17p in every £1 spent in the UK retail market is now being spent online and this figure is only set to rise. An IMRG-Capgemini sales report has estimated that some £26.5 billion was spent on line in the first 6 months of this year, a rise of 38% on the same period in 2007.
OPEC acts to cut oil production
News that OPEC has cut oil production by some 1.5 million barrels a day, to try and shore up the oil price, has had little impact as yet. The price of a barrel of oil is now down as low as $64 having reached a high or around $150 earlier this year. It seems that finally we are seeing the world wide recession bite into industry's appetite for the black gold and there will no doubt be many traders...Read More
Debt enquiries "to surge" after Christmas, Citizens Advice says
Christmas debts are likely to lead to a rash of enquiries to Citizens Advice in the New Year, the charity has said.According to the organisation, a "surge" is expected following the festive season, with people facing higher card and loan bills.The financial downturn has already caused an upswing in the number of people having financial problems and contacting Citizens Advice bureaux.For example, m...Read More
UK government offers incentives for renewable energy supply
The UK government is forecasting that one in 10 UK homes will have solar panels or some other form of renewable energy source attached to their roofs in the future. Indeed the government is set to introduce a scheme in April 2011 which will see UK households earning up to £900 a year by installing solar panels on their roofs and generating electricity which will be directed to the National Grid....Read More