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 Scottish And Southern Energy In Play?
News of a profits warning from Scottish and Southern Energy has seen the shares marked sharply lower in stark contrast to shares in British Energy which have risen sharply after news of a possible takeover approach. Scottish and Southern Energy has indicated that profits for the second half of 2008 will show only modest growth from last year, in contrast to a historically strong second half.
Marks & Spencer and the 1p sale
In celebration of the company's 125th birthday, Marks & Spencer will next week roll out 2 million products for sale at just 1p each. In order to highlight the company's origins as a penny bazaar we will see items such as purses, cufflinks, socks and sweets available across the UK sold for just one pence on a "when it's gone it's gone basis".
At a time when the UK retail sector is st...
Rising cost of living squeezes family disposable income
It has been revealed that between 2007, when the credit crunch began, and 2008 the cost of living for a family in the UK increased from £459 a week to £471 a week. This is a 2.6% increase despite the fact that unemployment has been rising, incomes have been falling and more and more families are falling into the debt trap. So what is behind the rise in the cost of living in the UK? There is n...Read More
Why you should shop online for your energy needs
A survey by the Daily Express has confirmed that shopping online for your gas, electric and other energy requirements is far cheaper with savings of around 12% now commonplace compared to the off-line arena. Even though the energy regulator should really be ensuring that those without Internet connectivity are not "left out of the loop" it would appear that the online arena is far more competitive...Read More
Water companies struggling to maintain profits
With news that Severn Trent has seen a significant increase in bad debts, more and more customers saving water and a reduction of 13% in annual profits, it may be that the water companies are the first of the main utilities to receive a reality check. At a time when utility bills across the UK have been rising by higher than inflation, many will be pleased to see the likes of Severn Trent, and we...Read More