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?
Bouncing babies spell bouncing cheques
Many parents are finding themselves unable to cope with the costs of having a family and are getting into debt as a result.According to a survey conducted by Money Expert, as many as four in ten parents end up in the red before their baby reaches its first birthday, as all the costs of having a child add up and parents have to cope with a decrease in income.While the average parent ends £1,140 in...Read More
Future of Food Standards Agency in doubt
The future of the Food Standards Agency is today in doubt with the shock revelation that the agency is unaware of how many cloned cattle are in the UK and indeed how many have now entered the food chain. The revelation just a few days ago that one dairy farmer admitted that milk from a cloned cow had entered the UK food chain has now grown into a potential disaster for the Food Standards Agency. S...Read More
Energy price rises 'avoidable'
It has been claimed that the anticipated double-digit rise in energy bills for British homeowners could have been avoided.A spokesperson for independent gas and electricity watchdog energywatch claimed that the rises are "neither unavoidable for companies nor fair for consumers".She continued: There is no shortage of gas across Europe but the wholesale gas price has been forced up because the majo...Read More
Brits urged to get ready for slump
Britons should use high profile news reports of stricken banks as inspiration to get their own finances in order, a credit report company has advised. Yesterday reports surfaced that US investment bank Bear Stearns is to be taken over by JP Morgan after suffering huge losses from exposure to the US sub-prime mortgage crisis. The news followed the government-backed rescue of Northern Rock, which sh...Read More
UK energy prices show sharpest rise in Europe
It has been revealed that UK energy prices have risen more than double that of any other European country over the last 12 months. This is yet another blow to the UK consumer who has seen prices continue to rise even though the underlying price of oil has fallen sharply over the last few weeks. There are grave concerns that with Christmas approaching many people will be forced to reduce their heat...Read More