Autumn Budget 2022

Exactly so people should just suck it up and stop whining - only a fool would have thought that the covid support wouldn't come back to bite.

I think it's fair for some people to be put out by this. I didn't personally benefit from any of the covid support programs (never used T&T, continued to work throughout covid etc) but I'm definitely feeling the squeeze in repaying those debts. I'm aware I've glossed over vaccines etc there though.
 
This topic has been discussed to death in SC
And you've been told more than once relying solely on wind and solar is not feasible. All your links are 'aims to be' and so on, grid level storage on the scale needed is always just around the corner, it will happen but not in 12 years.
 
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I’m not a pensioner, I’m only 42
They've changed the way it's done this year, you need to be on a qualifying benefit AND a big (presumably draughty) house with a poor EPG / high energy costs.
My seriously disabled brother in law has been getting it for years, but wont this year as he lives in a small bungalow.
 
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It'll be interesting to see how the black Friday sales do and how it correlates with the squeeze on the middle earning majority.

I dare say that sales will undoubtedly be high and as such "we don't see a problem" will be the party line, i.e. look at the buoyant recovery we've created......
 
They've changed the way it's done this year, you need to be on a qualifying benefit AND a big (presumably draughty) house with a poor EPG / high energy costs.
My seriously disabled brother in law has been getting it for years, but wont this year as he lives in a small bungalow.
Ah that makes sense. It’s a big 1930’s semi detached and the energy bills are very high indeed.

I also realised that I top the electric meter using my debit card through the online account. That could possibly lead to me being named on the account.
 
Working/Middle/Professional class is where they are aiming to take some chunks out of inflation

The poor can't fix it they aren't spending anything but on surviving anyway
The rich aren't going to fix it, they are basically isolated from inflation and pain, their spending will not be affected unless inflation was thousands of %

So the middle (probably 70% from the 21%-90% bracket roughly) need to be put through pain to reduce their spending and help turn the economy around.

Its a blunt tool, but it will affect enough to help fix inflation and the budget.

Quality of life for these people is going to suffer or you need to be in a somewhat lucky position in order not to.
If your in a good safe well paid job, and mortgage free or virtually mortgage free you will probably get away with it not feeling too bad and seeing a notable degradation in living.
This is exactly the target.
People in this category will be isolated or vulnerable as individuals.


Mortgage fixed/mortgage free vs tracker or remortgage due
Energy fixed/solar panels vs variable
Safe job vs at risk job
Etc etc


But as a collective, its certainly the bigger hit.
 
And you've been told more than once relying solely on wind and solar is not feasible. All your links are 'aims to be' and so on, grid level storage on the scale needed is always just around the corner, it will happen but not in 12 years.
and people making these statements have been shown hard evidence by numerous peer reviewed articles that it is entirely feasible given current technology.










This is a useful meta review of 180 articles showing the feasibility of 100% renewable in the short time period


Shoving fingers in your ears and trying to pretend the science and economics are wrong doesn't make it true.

The science is clear, the economics ate clear which is why a bast majority of all future power plants are renewable and there are almost no planned nuclear plants.
 
I was of the understanding that wind/solar etc aren't enough as they too variable.

Tidal, although expensive, and environmentally damaging is reliable.

But I was of the understanding we needed something like nuclear. (or other controllable source) to plug the gaps.


Maybe this is outdated thinking. But I thought something was needed. Even gravity fed water storage. Basically (and literally :D) on tap.
 
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Shoving fingers in your ears and trying to pretend the science and economics are wrong doesn't make it true.

The science is clear, the economics ate clear which is why a bast majority of all future power plants are renewable and there are almost no planned nuclear plants.
You do realise those links are referring to 2050 and not 2035, its not feasible to achieve in 12 years but in 27 years, maybe. As ever you claimed one thing and backed it up with evidence showing something else.

Plenty of nuclear under construction as well and more planned. https://world-nuclear.org/informati...eration/plans-for-new-reactors-worldwide.aspx
 
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You do realise those links are referring to 2050 and not 2035, its not feasible to achieve in 12 years but in 27 years, maybe. As ever you claimed one thing and backed it up with evidence showing something else.

Plenty of nuclear under construction as well and more planned. https://world-nuclear.org/informati...eration/plans-for-new-reactors-worldwide.aspx


You do realize i provided links to countries that will be 100% renewable by 2035.

Amd you do realize if you read the papers they state there is no technological.nor economic reason why this is not achievable by 2030, but it is entirely political and social why we might to realize this in every country before 2050.

And did you realize that i posted an article about the largest nuclear power player in the US is pulling out of the nuclear industry because they see no future in nuclear?
 
Not looking for sympathy :p
Be nice if the people in the +10.1% uplift would stop complaining though, you’re in the sector of benefiting out of this the most !

Now you're just looking for a bite :cry:


And you've been told more than once relying solely on wind and solar is not feasible. All your links are 'aims to be' and so on, grid level storage on the scale needed is always just around the corner, it will happen but not in 12 years.

Apparently tidal is the way for UK to meet base load - source: Ian Blackford mentioned it was in a report on Question Time 17/11/2022.

That's my only source but the man isn't a fool regardless of how Westminster try and portray him.


Looking back I feel a fool I worked right through covid where I could have had a few months off work with family. What's more, now i'm having to pay for everyone else's holidays

I didn't have the choice to stay at home on 80% pay and yet Im still having to contribute to paying it off...

Keep your job did we? No threat of, or actual redundancy?

Furlough should have been paid back via taxes like a student loan IMO.


Continuing from my point above - you can't force someone into a legally enforced position like furlough and then expect them to pay for the "privilege"
 
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Renewable and Sustainable Energy Reviews
Volume 93, October 2018, Pages 318-330
The feasibility of 100% renewable electricity systems: A response to critics☆
Author links open overlay panelMarkDiesendorfabBenEllistonc
Get rights and content
Highlights

Large-scale electricity systems based on 100% renewable energy can meet the key requirements of reliability, security and affordability.


This is even true where the vast majority of generation comes from variable renewables such as wind and solar PV.


Thus the principal myths of critics of 100% renewable electricity are refuted.


Arguments that the transition to 100% renewable electricity will necessarily take as long or longer than historical energy transitions are also refuted.


The principal barriers to 100% renewable electricity are neither technological nor economic, but instead are primarily political, institutional and cultural

There ate literally hundreds of papers that all conclude the same thing
 
You do realize i provided links to countries that will be 100% renewable by 2035.

Amd you do realize if you read the papers they state there is no technological.nor economic reason why this is not achievable by 2030, but it is entirely political and social why we might to realize this in every country before 2050.

And did you realize that i posted an article about the largest nuclear power player in the US is pulling out of the nuclear industry because they see no future in nuclear?
You provided soundbites from politicians, yes Germany say by 2035, meanwhile they build LNG terminals and scramble for coal and extending nuclear.

Many others do see a future in nuclear as the amount currently under construction and planned shows. It's safe, its clean and its reliable. It compliments renewables, both will be part of our future.
 
I think it's fair for some people to be put out by this. I didn't personally benefit from any of the covid support programs (never used T&T, continued to work throughout covid etc) but I'm definitely feeling the squeeze in repaying those debts. I'm aware I've glossed over vaccines etc there though.
I think it's perhaps fairer to say you didn't directly benefit from the schemes but I would suggest virtually everybody personally benefitted from the result - i.e. the society in which we live not completely turning to ****.

Similar to you, I didn't directly benefit from programmes like furlough or T&T but i'm quite happy that they were in place to prevent the world around me descending into the sort of mess that would make our current problems seem completely trivial.

I've got no issue in playing a part to repay the costs that were incurred, as I can't honestly say i'd rather have lived through the outcome of no lockdowns, no job support, no T&T effort etc.
 
and people making these statements have been shown hard evidence by numerous peer reviewed articles that it is entirely feasible given current technology.










This is a useful meta review of 180 articles showing the feasibility of 100% renewable in the short time period


Shoving fingers in your ears and trying to pretend the science and economics are wrong doesn't make it true.

The science is clear, the economics ate clear which is why a bast majority of all future power plants are renewable and there are almost no planned nuclear plants.
Yes but it still requires investment and time to deploy. 12 years of dilly dallying has achieved nothing for energy security. And if our economy grows because of all the amazing leadership they are providing us, then we're going to need more energy.

Japan have moved back to nuclear because they're a small densly populated island and nuclear is the best way of them powering their nation, on top of natural production, nuclear is still a safe and valid interim power generation tool that shouldn't be overlooked. You can deploy smaller SMRs quickly and it'll plug the gap until renewables overtake - nuclear also has the highest capacity factor of any energy generation at the moment so it's daft to ignore it completely. Is it the ONLY answer? No of course not, renewables are critical, and we have proven that tidal power around the UK would be incredibly beneficial, but again, so much navel gazing and little action has landed us in this mess.
 
No one’s talking about how expensive nuclear is. The idea we can build very very expensive nuclear to bring down inflation caused (in part) by high energy costs just doesn’t hold water.

It’s also a dying industry. We have an opportunity to become (even more) world leaders in wind and become world leaders in tidal. But instead we keep going back to obsolete and very expensive energy forms.

Nuclear has a place, but it isn’t going to lower our bills. And we offshore the money spent building it. Better to get on with promoting our own industries and exporting our knowledge and skills. We need to stop worrying about what the surfers think and get on with tidal. I’d also suggest every new build estate should have a turbine built on it. As well as every new build having solar.
 
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Those changes to capital gains taxes are brutal. I have a load of money tied up in my firms stock which I'll have to sell before April otherwise I'll get clobbered on CGT.

Been looking at the various ISA's Vanguard offers, North American stocks looks like the best place to invest cash at the moment given the uncertainty in Asia and cost of energy in Europe at the moment.
 
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