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?
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
Virgin: Footy fans spend big on support
Football fans spent over £1,000 on following their team last year, Virgin Money has revealed.According to the firm, Premiership supporters spent an average £1,331 on tickets and merchandise - with fans of lower-league teams just behind on £1,080.Virgin Money also found that the ticket expenditure of 12 per cent of top division match-going supporters exceeded £3,000 last year.In total, the foot...Read More
Royal Mail up for grabs
Even though the Royal Mail has been part of the UK economy for decades it now appears as though the Labour government have decided on a part privatisation of the business. Lord Mandelson today stepped forward in the House of Lords to suggest that the time had come for a major revamp of the UK Royal Mail business. Interestingly the government has already reported interest from Dutch outfit TNT in t...Read More
Look after the pennies and the pounds will look after themselves
There is an old saying from many years ago which is, "look after the pennies and the pounds will look after themselves". While it may seem very simple there really is great substance in this particular saying and the potential to save yourself a significant amount of money in the future.
As a test, why not keep track of every penny which you spend in any one month and then revisit t...
Mobile users to be able to switch contracts without penalty
24/10/2013 Ofcom have announced changes which will mean mobile users will be able to switch contracts without paying a penalty in the event of their contract provider increasing prices mid-term. The regulator further announced that any price increases, even if their within the level of inflation, will have to be clearly communicated with customers a minimum of 30 days before the price change...Read More