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?
'Higher living costs to add to debt mountain'
Fast rising living costs are set to pile more pressure onto debt-strapped Britons, it has been claimed. The Alliance Trust Financial Reality Index (ATRT) recently found that recent wage increases have failed to offset the higher prices for food and fuel. This, along with higher mortgage repayments and credit card bills, will place more and more Britons into a parlous and stressful financial situat...Read More
HM Revenue and Customs in new data protection scare
It has been revealed that HM Revenue and Customs have inadvertently posted the financial details of 50,000 people in the UK. It is believed that a number of claimants have been sent their annual award notices which have seemingly included the financial details of other people in the system. This is not the first time that HM Revenue and Customs has been involved in data protection scare although D...Read More
Energy firms issue the most inaccurate bills
UK energy firms have been accused of issuing the most inaccurate household bills, in a poll of consumers on the performance of providers in ten different industries. The survey revealed energy and gas suppliers as the worst in terms of the accuracy of their bills - around a third of those questioned in the YouGov poll said that they had been given an inaccurate bill by their energy company in the...Read More
Brits refuse to switch despite savings
Despite the massive media campaigns telling the UK population that switching power providers could save them money, nearly half of Brits have not switched gas or electricity firms.Consumer watchdog Which? reports that a new customer can potentially benefit from a 25 per cent cheaper gas or electricity bill and £245 was saved on average on 2006's bills, yet few Brits choose to embrace a change. Sc...Read More
Asda leading the away with cut in petrol price
As we covered in one of our earlier posts, the price of oil has fallen from over $70 a barrel to under $60 a barrel over the last few days. Interestingly, while many petrol retailers across UK continue to charge in excess of one pound a litre, supermarket chain Asda has reduced the price on its forecourts to 99p a litre with a suggestion there was "little justification" to charge in excess of one...Read More