ISA
If you have savings or investments, you should have an ISA. Why? Because it saves tax and therefore increases returns
Watchdog calls for £60 energy bill increased
The energy watchdog has today released a report suggesting that energy bills in the UK should increase by £60 per year to fund introduction the wind farms and other "green energy sources". It is believed that around £32 billion will be required over the next 20 years to upgrade and modernise the UK energy network and that UK consumers will need to pay the price. This comes just months after UK consumers have already seen their energy bills go through the roof while energy companies continue to report record profits.
This is a bitter blow for the UK consumer and is something which is unlikely to go down well amongst industry and business leaders. Despite the fact that the various local governments around the UK are making great headway with regards to the introduction of a new "green technology industry" it seems that yet again this will be subsidised by UK taxpayers. If this is an industry which is able to stand on its own two feet then why are UK taxpayers being forced to foot the bill for contracts given out to private sector businesses?
The subject of green energy is always one which provokes controversy because ultimately "green" always seems to indicate higher taxes!