2022 mini-budget discussion
- Thread starter Harlequin
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Soldato
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SA has one resource and you think they should not get the max from that resource while it is still there.
Their poster was a bit ironic. Who voted for this. Who voted for them as well.
Soldato
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Fair dos I disagree with most things you say but its that, simply opinion.
I would say though for your way to work you must have far more confidence in the energy companies that I do. All the exemptions etc and tiered pricing sounds like something they would mess up beyond belief.
They don't even seem to be able to get accurate billing done most of the time.
Soldato
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Come on, that’s the noise of the barrel scraping. How about some real equivalence? Who’s funding each side?
So it was you who explained irony to Alanis Morissette?
Good to see this being recognised by the IFS.
IFS: Millions in Britain ‘face stealth tax raid’ under Liz Truss’s plans
For every £1 given workers by cutting tax rates £2 was being taken via freeze on income tax thresholds, thinktank calculates
www.theguardian.com
Good to see this being recognised by the IFS.
IFS: Millions in Britain ‘face stealth tax raid’ under Liz Truss’s plans
For every £1 given workers by cutting tax rates £2 was being taken via freeze on income tax thresholds, thinktank calculates
Didn't they tell everyone not to give out pay rises?
Truss is going to continue to be in for a bumpy ride ahead as more public services join in the strikes. https://www.bbc.co.uk/news/health-63150632
can't we give the 100K a rest - go and join the private sector where you get remuneration via (pipelineable) stock options - shush
Truss running of to the EU for a boondoggle despite initially snubbing it - will be interesting to see demeanor with Macron.
- temporary reprieve from the turmoil here, to see if they'll give us some of their gas when it counts, maybe offer an olive branch for NIP resolution which would help triple-growth.
Truss running of to the EU for a boondoggle despite initially snubbing it - will be interesting to see demeanor with Macron.
- temporary reprieve from the turmoil here, to see if they'll give us some of their gas when it counts, maybe offer an olive branch for NIP resolution which would help triple-growth.
Good to see this being recognised by the IFS.
IFS: Millions in Britain ‘face stealth tax raid’ under Liz Truss’s plans
For every £1 given workers by cutting tax rates £2 was being taken via freeze on income tax thresholds, thinktank calculates
Can someone explain this to a mere simpleton such as myself?
Doesn't this "Calculation" have to assume that, because of inflation, workers will get a pay rise?
And also assume that pay rise pushes them into a higher tax bracket?
Soldato
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Yep pretty much
Normal pay rises will all in effect be taxable since the COL element in moving tax bands up has been stopped. It wasnt her it was Rishi that brought this in with Boris.
So over time people close to a higher band will move into it. And even if you get a COL pay rise it will be less than COL once you pay extra tax.
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I'd like to see the panic in the industry if they tried some weird and wonderful capping method. The chaos behind the scenes with the work involved in billing and invoicing would be epic.
Thats the biggest hurdle really, we have suppliers who are stuck in the stone age with their billing methods and platform, even now with a simple EPG subsidy there is people reporting incorrect information from the supplier's website dashboard.
Smart meter rollout seems half hearted, people with broken smart meters just get told to send in readings instead of it been fixed/replaced. What they did in France is an example of a proper smart meter rollout.
No tiered tariffs which exist in other countries.
Only one supplier doing TOU tariffs which has clear benefits been shown right now, gas lower than the April cap, as it reacts to immediate market changes. Although a lot of British consumers are risk averse, and so TOU only works really if a reasonable cap is set.
Nationalise the whole lot, put in place a standard tiered system (maybe link to council tax bands) across the whole market. Take the mkney that used to go to shareholders into renewable generation and home insulation schemes for low earners instead.
Allowing so many small companies to enter the energy supply market was a stupid idea, it's really an industry that does yield economies of scale, and it's actually a fairly complex thing to run an energy company, you need a lot of experience and talent.
For example, my job is making sure that all the meters in the country are read at the right time. None of the energy companies do it themselves to any great degree, it doesnt make sense for 13 or whatever different meter readers to walk the same street, so we do it on their behalf, add some consumer cost in the way of our profit, and send them the results.
Looks like we are in for a lot more financial misery with credit Suisse and Deutch Bank on the brink.
beincrypto.com
Credit Suisse and Deutsche Bank Collapse Nears - What It Means for Crypto
Credit Suisse and Deutsche Bank are rumored to be in trouble with potentially massive ramifications for crypto and wider markets
beincrypto.com
Soldato
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Most of, like 99.9% of the smart meter issues were due to SMETS1, and how they in effect became dumb if you moved supplier. Really a typical government lack of foresight.
@wesimmo sounds like the guy who may know, but iirc around now most were expected to be smart again.
Certainly many people who had smets1 that went dumb are now reporting working smart meters again.
iirc it was something to do with where they sent the data and that was in effect company specific with SMETS1
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