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?
80pc of students “don’t have enough money to live on”
A survey from Save the Student has found that as many as 8 out of 10 students don’t have enough money to live on. Out of the 2300 students who partook in the survey, one in five also admitted they have turned to gambling in order to try to get hold of extra cash, while one in four said they would consider selling their body for medical trials in return for money. Worryingly the same amount a...Read More
Brits hang onto old bills
Most people store financial documents for at least two years with only a fifth of people throwing their bills away within a year, according to HSBC's Green Survey.Coinciding with the launch of HSBC's green banking options, the poll has revealed that although 85 per cent of people would like to reduce the amount of paper they have at home, 82 per cent of people hang onto bills for utilities, credit...Read More
DIY spells disaster
Some three quarters of a million Brits have caused chaos in their homes trying to copy something they have seen on a DIY programme, according to research from Halifax Home Insurance. And with these mistakes costing an average of £484 to put right, the total cost of these DIY disasters adding up to £350 million a year across the UK.These mistakes do not seem to have put Brits off their love affai...Read More
Gambling really is a mug's game!
While the impact of increased gambling activity has worn off somewhat as the recession drags on there is no doubt there was a significant increase in both traditional gambling and for example the lottery when the UK first entered the economic downturn. It seems as though many people were willing to take a last throw of the dice to try and win that life changing sum of money even though the odds on...Read More
Russian authorities ignore plea to reopen gas pipeline
The Russian authorities have today ignored pleas from the international community to reopen gas supplies to Europe and other parts of the world via the Ukraine. This high risk game of cat and mouse has already impacted on gas prices in Europe and the rest of the world and is set to translate into high energy costs for many households in the UK.
It appears there are significant polit...