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!
Share this..
Related stories
Government warns of online holiday scams
The UK government, headed by its Internet security website Get Safe Online, has today teamed up with travel association Abta to issue a warning to UK holidaymakers looking for those elusive online bargains. It would appear that many online consumers are leaving themselves wide open to fraud and online scams purely and simply because they never check the authenticity of the holiday websites they're...
Read MoreFamily life is very different in the recession
A report by Clydesdale Bank and Yorkshire Bank has cast a very depressing shadow across family life in the UK. The report shows that more than 1 million families in the UK are now arguing more than ever with regards to money and finance during these difficult financial times. The report also confirms that approaching 2 million families in the UK feel pressure on a daily basis and are struggling to...
Read MoreIs Tidal Power The Answer To Rising Energy Costs?
News that the first ever tidal turbine has been connected to the National Grid has received much praise for those with an interest in forms of renewable energy. The £10 million SeaGen turbine is located off the shores of Northern Ireland and recently created sufficient power to supply 150 homes - although this was by no means at full capacity.
The turbine is expected to move to fu...
Pawnbroking back in vogue
Pawnbrokers in the UK are this year reporting a massive increase in profitability with the UK's largest pawnbroker, H&T Group, reporting six monthly profits of £14.5 million. While much of the increased profitability in the sector can be put down to the rising price of gold and the margin which pawnbrokers have been able to secure for themselves when "recycling" this gold, there has also been an...
Read MoreChristmas belts start to tighten
Leading economists Deloitte have issued a report which suggests that on average the Scottish consumer will spend around £709 this Christmas which is a 16% fall from last year. The survey suggests that already there are serious signs that the Scottish consumer is looking to reduce retail spending and maintain their standard of living where possible.
Christmas is the major part of th...