Please kindly sign this petition for engery price cap on small businesses.

There's no need to 'delete wealth' or anything like that - assets are assets and will still have value, although a crash would see them return to something approaching their real value rather than the inflated values that we've created over the last 20 or so years. That means that anyone who's over-leveraged (and there are a lot) could run into negative equity, which will have knock on effects due to the bad debt that it creates. We could've normalised monetary policy 10 years ago and dealt with the fallout, but as we've held out for so long the fall is now going to be much more painful.
 
Uther said:
It sounds like an option but I wonder how many can afford to just close for 6 months? If the government gave some serious support akin to furlough maybe...
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Followed by eat out to help out 2?

I honestly think all sensible places will certainly reduce opening hours, I mean most of the week most hospitality is well down on numbers.
Thats fine when energy is cheap, but having all those lights and heating on for a few people to have a meal or a few beers mid week just doesn't work.
 
Uther said:
It sounds like an option but I wonder how many can afford to just close for 6 months? If the government gave some serious support akin to furlough maybe...
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Like most who work the beaches in the summer. They close up for the winter and do seasonal work. When I was in Rhodes a couple of years back I got talking to the guy who was doing our 4x4 adventure thing and he goes onto the mainland and drives trucks during the winter then comes back for the summer job.
 
adam cool dude said:
Like most who work the beaches in the summer. They close up for the winter and do seasonal work. When I was in Rhodes a couple of years back I got talking to the guy who was doing our 4x4 adventure thing and he goes onto the mainland and drives trucks during the winter then comes back for the summer job.
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That's fine if it's planned, but not an emergency measure because you can't afford the bills.
 
Uther said:
That's fine if it's planned, but not an emergency measure because you can't afford the bills.
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If your business is only viable for half the year and there's other work available for the other half, then that would seem like the correct option, planned or not. Businesses aren't entitled to be profitable.
 
That in theory is fine, but if businesses aren't going for loans, investment isn't happening, public spending is down, winter jobs aren't going to be in abundance i suspect.

Just seems like poo is hitting the fan regardless and everyone won't dodge it.

It'll also be a sad day if all we end up with is corporations surviving and swallowing up everything.
 
Uther said:
That's fine if it's planned, but not an emergency measure because you can't afford the bills.
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In my old job during covid I interviewed plenty of people for jobs who came from the hospitality sector. Chefs, waitresses and even someone who had their own business. It was for factory work but at the end of the day they needed to provide for their families. The ones who were successful started within two weeks. There are plenty of jobs out there.
 
200sols said:
Interest rates need to move higher to close the gap with inflation. So we end the era of cheap debt and free money and those reliant on it will fall away naturally.
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I get it but wouldn't that bring a lot of hurt to a lot of folk though?

Uther said:
If the government gave some serious support akin to furlough maybe...
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That won't exactly win the favour of the nation (in the current climate), helping out one small group whilst leaving the rest behind.
 
visibleman said:
I get it but wouldn't that bring a lot of hurt to a lot of folk though?


That won't exactly win the favour of the nation (in the current climate), helping out one small group whilst leaving the rest behind.
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Personally I think thousands, even tens of thousands of businesses will go under.
 
ltron said:
I didn't expect the world to implode as it has, even taking Covid into account. The 2020s have so far the been the worst decade in living memory bar the two world wars and we are only two years in.
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Anyone could have seen the upcoming carnage ahead after the banking crisis of 2008 which prompted emergency interest rates and QE.
 
The government will be delighted that a lot of businesses go to the wall this time. Considering how much "help" they were provided with during Covid, and the level of fraud committed during that time, they were never viable businesses to begin with.

I also don't feel sorry for those who commit fraud year on year by not declaring their real income on their Self Assessment tax returns.
 
Things change I've changed said:
I co-manage a restaurant that I've worked in for nearly 30 years, started as a KP, a couple of days ago I was looking at our energy contract end dates, in particular our gas one as it's one of our larger engery bills, we normally pay around 14k per year, our contract ends in February, I rang British Gas to see what it would be renewed at based on the current unit price, 95k!!, absolutely floored me, I've put so much into this business, there is noway we can weather that kind of energy price increase.
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Has the price of gas gone up by around 700% ? :confused: :confused: :confused:

Thank god i only use electric at home

Surely it be far cheaper to just replace all the gas items with electric or oil powered ones ?
 
chaparral said:
Has the price of gas gone up by around 700% ? :confused: :confused: :confused:

Thank god i only use electric at home

Surely it be far cheaper to just replace all the gas items with electric or oil powered ones ?
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Makes you wonder why all these pubs and restaurants are complaining. All they have to do is rip out their expensive catering kitchens and replace them with another expensive to run alternative.
 
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