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 we seeing the last run on the UK holiday market?
TUI Travel, which includes the Thomson Travel brand, has reported a surprising surge in summer holiday bookings over the last few weeks. While the UK market as a whole is down by a modest 7%, against 18% across the company's key markets, there has been a reduction in capacity in the region of 17% to try and reduce any potential losses in the short to medium term.
While the weakening...
BBA sends MPs finances guide
Britain's MPs are to receive an education in personal finances from the British Bankers' Association (BBA).Packs containing basic information on money matters, including guidance on price comparison websites, have been sent out to politicians.The BBA hopes that this will lead to MPs being better equipped to answer constituents' financial worries in weekly surgeries.Mark Lazarowicz MP, who contribu...Read More
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.
Will Christmas be jolly for the kids of the UK?
Despite trouble on the high street and trouble in the UK employment market the signs only a few days ago appeared to show that spending on Christmas would actually maintain last year's level or slightly increase. However, as we approach perhaps the most important sales weekend of the year there are suggestions that children this year will receive less presents and have less money spent on them tha...Read More
Pause for thought to save cash!
No matter how careful we are with our cash they will be occasions when we are out shopping and we may see something which we think we need but may cost a significant amount of money. So-called "impulse purchases" are often very well positioned in the stores we visit and catch our attention almost immediately. If you find yourself in a situation where you are looking to purchase something which you...Read More