They are talking about a "complicated" version of it, they better not screw over small business.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Just heard it on the tv, details to be announced.
Lets hope by current prices they mean the April price cap and not the October cap announced the other week
Associate
That's what I'm assuming (and hoping too!)Just heard it on the tv, details to be announced.
Lets hope by current prices they mean the April price cap and not the October cap announced the other week
My fix isn't quite so exciting.
If we are getting the 66 a month still.. Looks like I'm going to be contributing to some more inflation!
I know this has to happen. But makes me wonder if it's going to super charge inflation. Especially with high earners getting a chunky tax cut
If we are getting the 66 a month still.. Looks like I'm going to be contributing to some more inflation!
I know this has to happen. But makes me wonder if it's going to super charge inflation. Especially with high earners getting a chunky tax cut
I assume the £400 will be getting scrapped. Maybe they should give it as cash ala eat out to help out… kick start the economy?
Should still be a windfall tax on the producers, crazy how much they’ll make whilst we foot the bill for years.
Should still be a windfall tax on the producers, crazy how much they’ll make whilst we foot the bill for years.
Caporegime
If they do it until the next GE come the time their campaign will probably be about how horrible Labour are making you pay back all this debt.
Soldato
Yep, it's great news. I was hoping Sunak would be PM and give more handouts, but this is much better and now I'm happy Liz Truss won. Current energy prices frozen for 18 months and energy companies taking out government loans. Going to be millions of happy people instead of the predicted worry of fuel poverty.
I don't agree with the proposed tax cuts but high energy prices are driving inflation so the cap should help.
Remember the April price cap was still a big increase over last years prices, it just seems small to what we were expecting next month / year.
The delay on announcing this is disgraceful though, people and businesses have signed contracts for higher energy prices thinking there was no support coming.
That's probably the plan, spend our way out of recession.This with the promised tax cuts too - I'm off to spend some more money
I guess this means we have 2000 a year fuel prices for a decade.
One positive. It makes calculating solar benefits etc easier
So. Our national debt is obviously going to skyrocket. It has to.
But giving 1000s extra to the most well off seems irresponsible.
Short term is much better. Long term is a little concerning
One positive. It makes calculating solar benefits etc easier
So. Our national debt is obviously going to skyrocket. It has to.
But giving 1000s extra to the most well off seems irresponsible.
Short term is much better. Long term is a little concerning
It also means people will care less (again) about how much energy they're using so will likely cause similar or increased usage against constrained supplies. Pushes us closer to blackouts...
Permabanned
Let’s not forget that current prices are still very high for many people.
Soldato
- Joined
- 30 Sep 2005
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- 16,624
Can someone please remind me what the current price cap is
Soldato
Energy price cap
Energy price cap level, electricity and gas unit rates, and costs included in the energy price cap.
28p elec and 7.3p gas IIRC.
Soldato
The tax cuts were also necessary. We are really uncompetitive compared to US and other major non-European economies. We are traditionally not a socialist country but have a tax system like one which hurts competitiveness and attracting people here.
Associate
| Last price cap period (1 April - 30 September 2022) | Current price cap period (1 October - 31 December 2022) | |
|---|---|---|
| Electricity | £0.28 per kWh Daily standing charge: £0.45 | £0.52 per kWh Daily standing charge: £0.46 |
| Gas | £0.07 per kWh Daily standing charge: £0.27 | £0.15 per kWh Daily standing charge: £0.28 |
Soldato
- Joined
- 30 Sep 2005
- Posts
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Thanks, so she's fixing it at 28p? That means for me personally my bills will 'only' double from November not Quadruple. Still bad, but not as bad.
Now if I can offset that with some energy savings I might be alright.
Now if I can offset that with some energy savings I might be alright.