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?
Women will rule the roost financially by 2020
By 2020, women will make the majority of financial decisions in the home, according to a new report by National Savings & Investments (NS&I).NS&I said that the number of men making key financial decisions has declined by two per cent, to 20 per cent of households, in the past five years, while the number of women having the final say has risen from ten per cent to more than 12 per cent.Future Foun...Read More
Will Education Costs On Credit Lead To Disaster?
A survey by Norwich Union has highlighted the plight of many parents with children looking towards further education to better themselves and improve their employment prospects. The report also confirms the cost of sending a child to university is £15,000 in London and £13,000 in other areas of the UK. So will something have to give?
With one in four parents only able to contrib...
Have Our MPs Got A Clue About The Cost Of Living?
When a Labour MP by the name of Tom Harris was asked about the rising cost of living and transport expenses, many observers had expected the traditional Party line – we are doing our best, we feel your pain, etc. However, what happened next seems to have caught many journalists and observers on the hop!
Transport Minister Tom Harris is reported to have requested that the UK p...
Will you be changing your spending habits?
Now that the UK government's emergency budget is out of the way we can start to see how these changes will impact upon the everyday life of people in the UK. Despite the fact that many of us may not intentionally change our spending habits there is no doubt that such basic changes as an increase in VAT will mean less money in our pockets. So will you be changing your spending habits? The truth...Read More
British Gas hit with £11.1 million fine
04/12/2014 British Gas has been fined £11.1 million by regulators Ofgem for failing to meet energy efficient targets on time. The energy supplier failed to meet deadlines to insulate homes under two energy efficient schemes that ran till the end of 2012. Although British Gas did manage to meet its targets, it missed the deadline meaning thousands of homes were left without insulation durin...Read More