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?
Tax credit repayment rate could cause ‘financial hardship’
07/04/2016 Families could face “serious financial hardship” under new rules around overpaid tax credits, according to campaigners. Households that earn over £20,000 will be required to repay overpaid tax credits back at a much faster rate than previously. Claimants are often overpaid tax credits as they are calculated on a person’s income from the previous tax year. Because of thi...Read More
Save money and improve your health
Even though many people believe that the UK recession is coming to an end there are still many more months of pain and suffering ahead for a large section of the UK population. However, this offers the perfect opportunity to cut back on luxuries such as takeaways, meals out and general excesses which could be deemed to be unhealthy. At the same time, as well as saving money on your monthly budget...Read More
Centrica reports 65% increase in profits
Centrica, the parent company of British Gas, has today reported a 65% increase in first-half profits to £1.56 billion. However, it is the near doubling of profits at the company's British Gas residential offshoot which has caused most concern within government and consumer circles. British Gas reported a profit of £585 million for the first six months of 2010 which is of a staggering 98% increas...Read More
Have we seen the worst on the high street?
While much of the news coming from high street seems to be a negative nature there appears to be some good news on the horizon. We have seen figures from New Look and John Lewis on the up even though the vast majority of high street retailers have struggled. There is some speculation that maybe the worst is over even though 2009 is expected to be even worse year for the UK economy. So how can the...Read More
Government looking to increase ID card use
Despite reservations from the UK public and an array of consumer protection associations the UK government seems determined to push through its ID card program. This is a program which has ballooned in cost and been delayed and amended on a number of occasions but still appears to be central to the UK government's future policies. The government has asked the business arena to suggest more uses fo...Read More