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Cost of Living Crisis


Paco

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2 hours ago, Mark Connolly said:

I wonder how many actual people that covers.

Even if it averages at 2 per household, that's 16 million people, or around 23% of the population, which is fucking mental.

Edit for fat fingers

There are 28 million households in the UK.  So if you take that at an average then it would work out to be 19.2m people.

Edited by strichener
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1 hour ago, Granny Danger said:

Let’s face it it’s not the Tory members that’s the main issue, it’s Tory voters.  It’s the guy with the 95% mortgage and £20k in an ISA that thinks his interests are the same as Sunak’s or Mogg’s.  It’s the auld wifie who will ignore the deteriorating NHS services and increasing crime rate so long as she thinks that the Tories will keep out people whose skin is a different colour to hers.

Fortunately there are fewer of them in Scotland than rUK.

And the ones in Braemar are going to be a damned sight colder than their brethren in Bognor.

But cue Sturgeon and the SNP to blame.

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15 minutes ago, Mark Connolly said:

So 28% of the population are effectively classed as "vulnerable" by the Prime Minister.

What a country

Yes, but that must mean 72% are doing alright, and the government's doing a good job for most. Typical of this forum to focus on the negatives!

(match that up to the poster of your choice; there's a few)

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Middle earners, as well as low earners, are likely to need government help to pay their energy bills this winter, Chancellor Nadhim Zahawi has warned.

The energy regulator hiked the price cap on household bills by 80% on Friday, meaning the average bill will rise to £3,549 a year from October.

Speaking to the Daily Telegraph, Mr Zahawi said even those earning £45,000 a year may need support.

He said the Treasury was exploring "all the options" to help households. 

He added that the country was in a "national economic emergency [that] could go on for 18 months, two years".

Both Liz Truss and Rishi Sunak, one of whom will be announced as the next prime minister on 5 September, have pledged further support, though neither has given details. 

Environment Secretary George Eustice defended the wait for policy announcements from either candidate, saying it was right that whoever got the top job would "want to look at all of the options, properly costed" when they take office.

"Both candidates have said they will do more - you don't have long to wait," Mr Eustice told BBC Radio Four's Today programme.

"They've both made clear that this will be absolutely at the top of their in tray," he added.

The government has already said that all households will get a £400 rebate on energy bills, with low income and vulnerable households receiving an additional £650.

The rise in the energy price cap - which is the maximum amount that suppliers can charge households per unit of energy - means millions of households will see their annual bills rise from about £1,971 currently. 

Typical prepayment meter customers will also see their bills rise to £3,608.

Charities and experts have warned that the rise will have a devastating impact on households and that lives will be at risk without government intervention.

In his interview with the Telegraph, Mr Zahawi said he was also concerned about those who were not on benefits. 

"If you are a senior nurse or a senior teacher on £45,000 a year, you're having your energy bills go up by 80% and will probably rise even higher in the new year - it's really hard.

"If you're a pensioner, it's really hard. So Universal Credit is a really effective way of targeting, but I'm looking at what else we can do to make sure we help those who really need the help."

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Horrific if people lose their homes through no fault of their own.

Not just rentals but unable to keep up with the mortgage.

It will drain savings as well, all will end up contributing to the energy bosses next bonus and self awarded pay rises.

The governments can pretend they are trying to do something but as Fletcher correctly said it won't be enough, it will never be.

The projected length of time for this crisis could be two years, for much of the population it will be a lifetime.

A lot of businesses are going to collapse, likely around the turn of the year and January which will put people out of work and vulnerable to poverty.

 

 

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7 minutes ago, Snafu said:

Horrific if people lose their homes through no fault of their own.

Not just rentals but unable to keep up with the mortgage.

It will drain savings as well, all will end up contributing to the energy bosses next bonus and self awarded pay rises.

The governments can pretend they are trying to do something but as Fletcher correctly said it won't be enough, it will never be.

The projected length of time for this crisis could be two years, for much of the population it will be a lifetime.

A lot of businesses are going to collapse, likely around the turn of the year and January which will put people out of work and vulnerable to poverty.

 

 

Good post Snafu. Sadly I can see all of these things you say happening. 

It's going to be a very tough couple of years. I have parents that are approaching 90 and I very worried about them. They use the tumble dryer all the time just now. I am explaining to them the cost and how much it will go up but they do not seem to comprehend by how much. 

I wish someone had the answer.

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1 minute ago, Fletcher23 said:

Good post Snafu. Sadly I can see all of these things you say happening. 

It's going to be a very tough couple of years. I have parents that are approaching 90 and I very worried about them. They use the tumble dryer all the time just now. I am explaining to them the cost and how much it will go up but they do not seem to comprehend by how much. 

I wish someone had the answer.

I have been having the same problem with the wife for years! 😁

Seriously though, I hope it all goes well with your parents.  The government need to get the finger out and pronto.

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3 minutes ago, Duries Air Freshener said:

I have been having the same problem with the wife for years! 😁

Seriously though, I hope it all goes well with your parents.  The government need to get the finger out and pronto.

Tumble dryers are the easy option to dry clothes but use a lot of electric. They have a drying green but it seems they do not  use it and they take the easy option. My dad would not be able to hang washing but I think my mum could. 

I realise when you get to their age everything gets more difficult to do and if there is an easy option you take it. I cannot blame them but I know they are going to get a fright when they get their electric bill when the prices rise. 

 

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On 26/08/2022 at 10:59, Granny Danger said:

Energy costs in other European countries are not rising as fast as those in the U.K., I wonder why that is?

I’ve had no indication that my electricity price is going up.

They are, they are touching €1,000 per MWh in France and Germany now, for example.

I think you are in Spain? Which has a special agreement in place which might explain why you aren't seeing it.

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4 hours ago, Todd_is_God said:

They are, they are touching €1,000 per MWh in France and Germany now, for example.

I think you are in Spain? Which has a special agreement in place which might explain why you aren't seeing it.

This is day ahead pricing.  The vast majority of electricity is not bought on this market.  It is extremely misleading to quote that price as it only really used for balancing supply and demand.

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5 hours ago, Fletcher23 said:

It is good to see that the government is doing something to help. 

It will not be enough but it will never be.

 

What are you on about? This government is doing nothing other that stating the obvious.

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On 26/08/2022 at 10:59, Granny Danger said:

Energy costs in other European countries are not rising as fast as those in the U.K., I wonder why that is?

I’ve had no indication that my electricity price is going up.

Not sure about the Canary Islands but Spain get most of their gas piped from Algeria. Maybe they have a fixed price contract, or maybe they've said we'll pay this unless you want to move the pipelines somewhere else?

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4 minutes ago, welshbairn said:

Not sure about the Canary Islands but Spain get most of their gas piped from Algeria. Maybe they have a fixed price contract, or maybe they've said we'll pay this unless you want to move the pipelines somewhere else?

Lanzarote’s electricity is almost exclusively oil generated.  Don’t think there’s any domestic natural gas supplies.

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6 minutes ago, Granny Danger said:

Lanzarote’s electricity is almost exclusively oil generated.  Don’t think there’s any domestic natural gas supplies.

Oil's been more stable, too many suppliers. Brent Crude went under £100 a barrel recently until Saudi cut production to boost the price.

P.S.

DRILLING COMPANY FINDS EQUIVALENT TO A BILLION BARRELS OF OIL OFF THE COAST OF THE CANARY ISLANDS

Edited by welshbairn
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3 hours ago, welshbairn said:

Not sure about the Canary Islands but Spain get most of their gas piped from Algeria. Maybe they have a fixed price contract, or maybe they've said we'll pay this unless you want to move the pipelines somewhere else?

They are able to offer cheaper rates because of a mixture of an EU agreement to decouple the price of electricity from the price of gas for 12 months, backed by the fact they are not as dependent on Russian gas as the rest of the EU. The gas they are buying from Algeria is still as expensive as the gas being bought by everyone from everywhere else, though.

The UK, if it were still in the EU, could almost certainly have used this to agree the same for here.

It's incredibly frustrating to watch you continue to witter on about gas prices as though as long as it isn't coming from Russia it's cheaper.

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12 minutes ago, Todd_is_God said:

The gas they are buying from Algeria is still as expensive as the gas being bought by everyone from everywhere else, though.

It isn't, Algeria are currently trying to renegotiate their fixed price contract with Spain, which is far cheaper than the spot rate. Loads of political stuff going on for leverage. Looks from this like it's based on 2019 prices.

https://www.al-monitor.com/originals/2022/06/algeria-maintain-gas-supplies-spain-despite-dispute

 

 

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