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?
British Gas under pressure after profits boost
The energy sector is again in the limelight with news that British Gas made profits of £595 million in 2009, an increase of 58% on the corresponding period. The company is part of the Centrica group which is a major component of the UK energy sector. This large jump in profitability comes just days after Ofgem, the industry regulator, revealed expectations of record profits in the UK energy secto...Read More
Vodafone announces £1 billion of cost savings
It seems as though the need to cut costs has now spread to the mobile telecoms market with industry giant Vodafone announcing plans for £1 billion in cost savings. The group has suggested a rise in raw material prices and increased competition in the sector is the reason behind this cost-cutting programme and in line with the difficult market conditions revenue forecasts for the group (for the fu...Read More
Mobile users waste free minutes
Brits with mobile phones waste over 100 inclusive minutes every month, according to uSwitch.Although two-thirds of contract-holders receive an average of 257 peak and 257 off-peak minutes included in their monthly charges, only two of the six main service providers offer a rollover system.The average monthly contract also includes 299 peak texts and 244 off-peak texts, yet 73 of these are unused b...Read More
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...
Now is the time to plan your financial future
As the UK economy continues to flounder possibly the last thing on your mind will be financial planning for the future. However, with interest rates lower than ever before and banking finance very scarce on the ground maybe now is the time to review your financial affairs and get them in order for the future. It is quite literally time to batten down the hatches and arrange your finances for what...Read More