BT wants a slice of the smart energy meter market
BT has today announced plans to become involved in the UK smart energy meter market via a partnership with Arqiva and Detica. This will be via a bidding process which the UK government is administering at the moment in relation to a radio network which would allow companies to communicate with 28 million homes and small businesses in the UK which will have smart energy meters installed over the next decade.
BT will be fighting it out with companies such as Vodafone and Orange for the contract which many believe is worth potentially £7 billion and will prove a very useful income stream in the future. The very fact that the smart meters will use telecommunications to communicate information is obviously a plus point for the likes of BT, Vodafone and Orange, giving these companies ahead start, but there is more to this than just telecommunications.
The idea with regards to smart energy meters is the needs to monitor the use of energy around the UK and attempt to make changes to improve efficiencies and carbon missions. While many homes currently use energy hungry appliances in off-peak times there are still many households that are "not as efficient as they could be".
Benefits, benefits, benefits
Despite the fact that the UK social security budget takes one of the larger slices of the taxpayer income cake it seems that many people are too proud to claim benefits as and when required. The last 18 months have shown that despite significant job losses many people are still too proud to claim the dole, housing benefit and other simple benefits which can reduce the pressure of living under a fi...Read More
Cocoa trader moves market single-handedly
Anthony Ward, the UK financier, this week moved the cocoa market single-handedly with a deal worth in excess of £650 million. He now owns enough cocoa to produce 5.3 billion quarter pound chocolate bars and could single-handedly force chocolate bar manufacturers around the world to increase their prices. So who is Anthony Ward and why has he taken such a gamble? Rumoured to be worth in the reg...Read More
How will the government administer the proposed changes to the crisis loan system?
While the fact that the government is suggesting interest charges approaching 30% for crisis loans in the UK has attracted a serious backlash from government MPs, there would appear to be worse to come. It has been revealed that the government is currently investigating contracting out the service to official "loan companies" which many MPs are describing as "loan sharks".
NNC calls for an end to misleading green energy claims
The National Consumer Council (NCC) and energywatch have put their weight behind proposals for a government-backed green energy accreditation scheme, to put an end to potentially misleading claims over 'green' energy tariffs.According to NCC research, two thirds of people say they would consider switching to a green energy tariff, but, only around one per cent have done so - the NCC and energywatc...Read More
Holidaymakers set to see significant increase in passport cost
Holidaymakers in the UK have been hit with an inflation busting increase in the cost of a passport which will rise 7% to £77.50 in September this year. The cost of a children's passport will increase by £3 to £49 adding yet more expense to the cost of travelling overseas. When you consider that prior to the Labour government taking power the cost of an adult passport was just £18, it would app...Read More