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?
UK government to pay gap year students for foreign trips
The UK government, via the Department for Business, Innovation and Skills, has today confirmed that up to 500 young graduates under the age of 24 will be paid to work in places such as Costa Rica, Borneo and Nicaragua, on projects which include building schools. While they will have to pay the first £1000 cost towards the trip and arrange their own flights and vaccines, they will be paid by the U...Read More
Tesco set to announce worst results for 16 years
Up until just a few hours ago it appeared as though the supermarkets in the UK were faring better than most on the high street in the battle to survive the UK slowdown. However, there are rumours circulating the City that Tesco will this week announce its worst figures for 16 years reflecting the troubled time on the UK high street.
It will be interesting to see how the stock market...
'D for Debt Day' set to be Monday 14th January
The days of strong arm tactics to collect debts may be drawing to a close as creditors seek new ways to get paid out. While the number of orders for assets to be sold, or County Court Judgements fell by over 20% in 2011, the number of applications for debtor’s earnings to be docked at source rose by 15%, to over 60,000. The Debt Advice Foundation charity has designated January 14th as “D fo...Read More
It could be you, EuroMillions hits £100 million!
Out of all the doom and gloom in society it seems that one lucky person could be in line to win the jackpot of a lifetime with the EuroMillions hitting £100 million for the draw tonight. Record sales have proceeded the draw which if claimed by one person would be the largest lottery win in the world. So could it be you?
While it is easy to get caught up in the hype of the EuroMil...
UK energy prices 'rose twice as fast' as EU average
UK energy bills have risen twice as fast as the average for the EU, according to figures from the Organisation for Economic Cooperation and Development.Electricity and gas prices rose 29.7 per cent in the last 12 months, while the figure for the EU was just 15 per cent.According to comparison service uSwitch.com, the average household energy bill in the UK has reached £1,293, up £381 from £912...Read More