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 trust a big factor in your financial decisions?
As we have covered on more than one occasion, the vast majority of people in the UK tend to stick with their own bank for loans, mortgages and insurance. Despite the onset of the Internet and the massive expansion of the financial comparison market it seems that many people are happy to stick with those whom they "trust". However, while there is some credence to the trust factor when choosing your...Read More
Carphone Warehouse Is Feeling The Pain
There can be few companies with an acquisition and expansion record to rival that of Carphone Warehouse over the last few years, but it seems that trading may be slowing at the darling of the telecoms sector. Despite reporting a 12% increase in mobile phone connections over the first 10 weeks of the year (against internal targets of between 8% and 10%) the broadband division seems to be strugglin...Read More
UK beggars earning up to £200 a day
UK beggars in some of the more upmarket areas of the UK are known to be earning up to £200 a night which equates to a £73,000 a year salary, paid free of tax. UK police have drawn attention to so-called "professional beggars" who crowd the streets in many towns and cities in the UK, catching the attention of passers-by and ultimately making a very good living.
We have seen instanc...
Tesco third-quarter update due this week
Analysts are awaiting the third-quarter update from retail giant Tesco this week with many forecasting that the company has turned the corner and is back on the upward trail after a difficult few months. However, confirmation that Tesco has recently forwarded 2010 discount vouchers to customers early, in order to catch the Christmas trade, has set some alarm bells ringing with a suggestion the com...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