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?
Will the banking system return to normal overnight?
While the newspapers and financial sites are full of news about the US bailout of the 'world' many people seem to be falling into the trap of thinking that it will all go back to normal overnight. However, in reality this is far from the truth because there will need to be an orderly transfer of some of the more toxic investments into the US bail out fund and financial companies will need to get...Read More
Energy firms inject competition into the market
The last few weeks have seen the likes of British Gas and Scottish & Southern reduce their energy rates for the UK consumer. While many have still criticised the size of these reductions, compared to the massive increase we saw last year, they have been well received in the main by struggling households. However, thankfully it appears that competition is set to return to the sector with more and m...Read More
Zavvi suspends CD, DVD and computer game sales
Retail giant Zavvi has today become the first real victim of the demise of Woolworth's and its CD, DVD and computer game distribution business. Zavvi has today taken the unfortunate step of suspending all CD, DVD and computer game sales from its website due to a supply issue after the demise of the Woolworths. This is a major blow for the company as Christmas is by far and away the most popular t...Read More
EDF energy to cut prices by just 1.6%
28/01/2015 EDF energy has announced that it will be cutting its gas prices from the 11th February, joining the other “Big Six” energy firms in the UK. EDF will cut gas prices by 1.3%, a move which they said will benefit one million customers. The price cuts come after a fall in wholesale gas and oil prices, as slowing economic growth dented demand. EDF has now said that if there are any...Read More
Aldi Takes On The Major Supermarkets
In a move which is seen by many as the first real threat to the main four supermarkets in the UK, discount chain Aldi has announced plans to open a new store in the UK each week for the next five years. The cost of this move is around the £1.5 billion mark but news that the group has seen a record 20% growth in sales over the last month bodes well for the future.
It is interesting...