Has to exist.
For a company to lend someone that much money it needs to have some understanding of your ability to pay back.
I doubt any of us would lend Bob down the road 10k with no understanding of if he could pay it back.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
For a company to lend someone that much money it needs to have some understanding of your ability to pay back.
I doubt any of us would lend Bob down the road 10k with no understanding of if he could pay it back.
It will cost.
But its possible.
What's the UKs interest payment now?
Need to look it up.
Probably need to shell out 25-50bln more just to get through the next 12 months. And that would still make it difficult for people. And that's before business support
To pay it all.
4k yearly estimate
25 (its higher but easy maths) households
100bln
Manageable bills? 2k?still not nice.
Cost 50bln.
I think France only paid 10bln for edf
Prison? Otherwise people would do stupid things like refuse to pay their bills and take out extra loans etc.
Soldato
You're much better just telling the company you can't pay it in writing than just stopping. You get more legal protection then too.
Associate
I see it as, they are thinking "helping people with their bills" not paying most of it, I think the best we can hope for is the same 400 again to help with the January price rise.
Can't see them doing much more for Joe public.
The very poor are on pre-pay meters, where units cost more (no direct debit discount and higher overheads). They tend to be very, very careful on their usage because they can't afford not to be. The reality is while there are outliers, poor people will use less electricity than rich people who don't monitor their usage, as there is no need for them to worry. Poor people, pensioners and the disabled will also tend to live in smaller properties, which need less units to heat, and as such, will use less units.
The more people in the house, the more units are used, agreed and what is your point? The higher users should pay more, or cut their usage to reduce demand and the wholesale price.
So make it mandatory and anyone that is on a variable standard tariff gets moved on to the tiered tariff.
If they turn the hotub off, or install their own generation and/or a battery, the usage would be reduced and as such would reduce demand and the wholesale price. Don't see the problem.
Why shouldn't someone who lives alone and works long hours have a subsidy on their bill if they don't use a lot of units?
The reality is very much, poor people use less units, rich people use more.
Soldato
I can pay it I just refuse to have my already double bills be doubled again and then possibly again.
Soldato
10bln for 16% stake that it didn’t own, 62.5bln would be the cost to buy if they didn’t already own most of them. EDF are also suing them 7bln for the money they are losing due to the caps.
Wtffffff
https://www.google.com/amp/s/amp.th...ts-puts-annual-deficit-on-course-to-top-100bn
Highlighting the scale of the economic challenge that will face the next prime minister, debt interest payments hit £19.4bn last month alone, the highest since monthly records began in April 1997, according to the Office for National Statistics.
The UK paid 20 bln in interest alone in one month?
We truely are absolutely ******
Am I reading that right?
https://www.google.com/amp/s/amp.th...ts-puts-annual-deficit-on-course-to-top-100bn
Highlighting the scale of the economic challenge that will face the next prime minister, debt interest payments hit £19.4bn last month alone, the highest since monthly records began in April 1997, according to the Office for National Statistics.
The UK paid 20 bln in interest alone in one month?
We truely are absolutely ******
Am I reading that right?
Soldato
And it was all going so well
Soldato
It's not the company you're paying the bills to fault though.
But we had a lovely couple of months of subsidised meals out.
And a few people didn't have to pay stamp duty for a while, which was nice for those that benefited (even if it did further inflate overpriced housing).
Not to mention there's going to be a marginally faster train out of London in a few years time
I guess you've never looked into many countries debt and debt repayments before then.
If we are paying this much, and the economy is about to stall, and our UK credit rating will probably be downgraded then it's just going to grow.
I am surprised. I will look globally.
I guess a lot of Europe is in the same Boat. Europe really is dying off
Soldato
UK isn’t even that high in the debt to gbp tables. A little above mid for developed countries.
Truss will have to give Ocean Finance a call and consolidate all our loans in to one affordable monthly payment
You can't look at national debt in the same way as household finances, we've always borrowed from the next generation and likely always will.
Soldato
So I should just pay and be quiet?
Is not paying on principle worth the headache of defaulting on your bills? It's not a loaded question, I genuinely want to know.
Soldato
I think so yes, defaulting on my electric bill, no other bills.