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Energy Bills
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Genuine question - is there any help (charity?) for those who really are only spending their income just on essential priorities e.g roof over their head, basic clothing & toiletries, essential transport and medication etc that then really can't afford to heat and eat after those?ShootersHillGuru said:Some of the figures being bandied about on here are eye watering. We’re one of the richest nations on earth and people are actually having to decide to eat or stay warm. Something has gone horribly wrong somewhere.
There must be a lot of people/families that have lost income, even jobs because of covid including those with mortgage (and a rental contract) commitments that they quite reasonably could afford before and when there was a low to no risk they'd lose their job/income0 -
Pension Funds and institutions like insurance companies and asset managers running pooled funds diversify investments on a global basis and allocate assets relative to size of country economy and industry sector. So as the US and Asia grow at a greater pace than the UK, and Technology industry is favoured over other sectors, the proportion allocated by institutions to the UK economy has fallen. Pension funds used to hold a high proportion of UK shares on the basis that holding UK sterling assets was prudent as it matched their liability was to pay UK pensions in sterling. But the way currency exchange rates have moved over recent decades means that the windfall from owning overseas shares paying dividends in dollars and converting them to sterling, outweighs the mis-match in sterling liabilities. Today few pension funds would own more than 10% of UK shares simply on the grounds of spreading the investment risk globally.Bournemouth Addick said:
I don't believe this is the case any longer.stevexreeve said:
And the shareholders of these companies who benefit from these profits are mostly... pension funds!IdleHans said:
It is if they don't pay tax on it. Otherwise it drives an enormous contribution to the finances of the UK and other countries in which they operate.Andyessgee90 said:
And today BP announced their highest profits for 8 years, $12.8billion….Saga Lout said:
We elected the wrong politicians. France 4% cap, Germany 5%. France are forcing EDF to subsidise energy out of their enormous profits, whereas in the UK I believe Shell have announced a 14 fold increase in profits...ShootersHillGuru said:Some of the figures being bandied about on here are eye watering. We’re one of the richest nations on earth and people are actually having to decide to eat or stay warm. Something has gone horribly wrong somewhere.
We must stop electing public school boys - how can they possibly understand having to choose between eating and heating. Sunak's wife is richer than the Queen for gawds sake!
Shell reported profits of $19bn last week.Disgusting.
Profits are not inherently evil.
As Supertramp once said.
Who are these men of lust greed and glory?
blah blah blah
Look there's you and there's me!"Analysis of official statistics shows that the proportion of UK shares directly held by UK pension funds fell from almost one in three in 1990 to less than one in 25 by 2018 – a decline of over 90 per cent. Most UK shares are now held by overseas investors. The proportion of UK shares owned by overseas investors rose from 12 per cent in 1990 to 55 per cent in 2018.
In addition to direct share ownership, some pension funds will own shares indirectly through pooled funds controlled by insurance companies and asset managers. Examining the data on this, we conclude that in total UK pension funds own directly or indirectly under six per cent of UK shares..."
https://www.tuc.org.uk/research-analysis/reports/do-dividends-pay-our-pensions
You can't draw conclusions about how much pension funds are holding in BP from trends in the size of total UK holdings. BP still forms a significant part of UK pension fund/institutional pooled investments.
Local Government pension funds love BP and energy companies, just checked some figures which show they hold around £10 billion in global energy companies, with BP forming nearly half of those holdings. The fact they have been selling out of UK shares in other companies for US and Asia investments proves nothing about investment in BP. BP profits are flowing into UK pension funds - however distasteful to some.
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Yeah, everyone gets a 10% rise.PrincessFiona said:
Can we all have pay rises then? Maybe the Scottish teachers are affected mpre than the rest of us?moutuakilla said:Don't worry, we can all sort this out by not asking for pay rises it seems
Sincerely The Rishmeister
I must have missed something about Scottish teachers!0 -
Had an email today from Shell to say that our bills will be going up a further £1k. Meaning an increase of £1.6k over the last 5 months - a 150% increase. WTAF0
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With what’s going on in Eastern Europe I think we can expect even more increases toomoutuakilla said:Had an email today from Shell to say that our bills will be going up a further £1k. Meaning an increase of £1.6k over the last 5 months - a 150% increase. WTAF0 -
This is going to kill the economy stone dead, Government should be doing more here but they won’t.
Stormy waters ahead.1 -
Next winter is going to be tough for a lot of families. What’s happening with Russia will push up wholesale gas prices even further. Add in rocketing food prices and inflation and I think we could see some really quite ugly scenes when enough people have had enough. I have no idea what should be done to ease the burden but something does need to be done. These are very troubled times for many reasons.0
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Can anyone answer me this.ShootersHillGuru said:Next winter is going to be tough for a lot of families. What’s happening with Russia will push up wholesale gas prices even further. Add in rocketing food prices and inflation and I think we could see some really quite ugly scenes when enough people have had enough. I have no idea what should be done to ease the burden but something does need to be done. These are very troubled times for many reasons.
How are people affording brand spanking new motors?
I've seen so many around in the last couple of weeks. 30 - 50k a pop.
It don't add up.
Baffling.0 -
Finance. Everything is finance these days - another bubble waiting to burstcarly burn said:
Can anyone answer me this.ShootersHillGuru said:Next winter is going to be tough for a lot of families. What’s happening with Russia will push up wholesale gas prices even further. Add in rocketing food prices and inflation and I think we could see some really quite ugly scenes when enough people have had enough. I have no idea what should be done to ease the burden but something does need to be done. These are very troubled times for many reasons.
How are people affording brand spanking new motors?
I've seen so many around in the last couple of weeks. 30 - 50k a pop.
It don't add up.
Baffling.6 - Sponsored links:
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A lot of households get by. They work hard and get by. They can’t save but they get by. What’s happening now and like I said not just with energy prices is going to cripple some people and even those with a small amount of savings are going to see those disappearing. A lot of people are going to be very pissed off that they can’t afford to keep their family warm and well fed, when all the time we’re being told just how well everything on the economic front is going. I can’t see a quick fix for this at all. People only tolerate tightening their belts for so long. I see huge problems heading down the track. Social as well as economic.0
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Everything on finance, clothes on klarna, NFTs on credit cards.moutuakilla said:
Finance. Everything is finance these days - another bubble waiting to burstcarly burn said:
Can anyone answer me this.ShootersHillGuru said:Next winter is going to be tough for a lot of families. What’s happening with Russia will push up wholesale gas prices even further. Add in rocketing food prices and inflation and I think we could see some really quite ugly scenes when enough people have had enough. I have no idea what should be done to ease the burden but something does need to be done. These are very troubled times for many reasons.
How are people affording brand spanking new motors?
I've seen so many around in the last couple of weeks. 30 - 50k a pop.
It don't add up.
Baffling.
Recession imminent.0 -
Why should the government be doing more?Hartleypete said:This is going to kill the economy stone dead, Government should be doing more here but they won’t.
Stormy waters ahead.
Some of us have had it easy for years, and when things start to go tits up expect someone else to bail us out.2 -
It’s what we have government for. That’s why. Millions of people are going to be forced into not heating their homes. In France for example the government have forced the energy companies to take the hit. We’ve got a compulsory £200 loan.clb74 said:
Why should the government be doing more?Hartleypete said:This is going to kill the economy stone dead, Government should be doing more here but they won’t.
Stormy waters ahead.
Some of us have had it easy for years, and when things start to go tits up expect someone else to bail us out.6 -
for a start the extra £20 a week benefit paid during the pandemic should be reinstated, the NI rise scrapped and the bands at which tax and NI start being deducted raised.. the UK is a reported x trillion (who knows ?) in debt .. f f s sake what ever happened to the humble billions and the now not worth having millions .. so a few more billion quid in the red will not mean a lot .. I am NOT in favour of windfall taxes or soaking the rich, not yet anywayShootersHillGuru said:Next winter is going to be tough for a lot of families. What’s happening with Russia will push up wholesale gas prices even further. Add in rocketing food prices and inflation and I think we could see some really quite ugly scenes when enough people have had enough. I have no idea what should be done to ease the burden but something does need to be done. These are very troubled times for many reasons.0 -
And those that need the help, should be helped.ShootersHillGuru said:
It’s what we have government for. That’s why. Millions of people are going to be forced into not heating their homes. In France for example the government have forced the energy companies to take the hit. We’ve got a compulsory £200 loan.clb74 said:
Why should the government be doing more?Hartleypete said:This is going to kill the economy stone dead, Government should be doing more here but they won’t.
Stormy waters ahead.
Some of us have had it easy for years, and when things start to go tits up expect someone else to bail us out.
But should the government help us all out?
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By next winter the average dual energy bill will be more than double what it was in 2020 at around £4K a year. There are many ordinary fully working families that won’t cope with that sort of increase. They can’t cater for it either. I don’t think many understand just how many people just get through each month.clb74 said:
And those that need the help, should be helped.ShootersHillGuru said:
It’s what we have government for. That’s why. Millions of people are going to be forced into not heating their homes. In France for example the government have forced the energy companies to take the hit. We’ve got a compulsory £200 loan.clb74 said:
Why should the government be doing more?Hartleypete said:This is going to kill the economy stone dead, Government should be doing more here but they won’t.
Stormy waters ahead.
Some of us have had it easy for years, and when things start to go tits up expect someone else to bail us out.
But should the government help us all out?0 -
Who said all, I simply said more, don’t make things up.clb74 said:
And those that need the help, should be helped.ShootersHillGuru said:
It’s what we have government for. That’s why. Millions of people are going to be forced into not heating their homes. In France for example the government have forced the energy companies to take the hit. We’ve got a compulsory £200 loan.clb74 said:
Why should the government be doing more?Hartleypete said:This is going to kill the economy stone dead, Government should be doing more here but they won’t.
Stormy waters ahead.
Some of us have had it easy for years, and when things start to go tits up expect someone else to bail us out.
But should the government help us all out?1 -
I agree that the £20 UC should be reinstated and NI rise should be scrapped and the bands at which NI & tax start should be raised, especially for those on lower salaries, however it is obscene that oil and gas producers are raking in billions on the backs of ordinary people. There should definitely be a windfall tax on those incredibly high profits.Lincsaddick said:
for a start the extra £20 a week benefit paid during the pandemic should be reinstated, the NI rise scrapped and the bands at which tax and NI start being deducted raised.. the UK is a reported x trillion (who knows ?) in debt .. f f s sake what ever happened to the humble billions and the now not worth having millions .. so a few more billion quid in the red will not mean a lot .. I am NOT in favour of windfall taxes or soaking the rich, not yet anywayShootersHillGuru said:Next winter is going to be tough for a lot of families. What’s happening with Russia will push up wholesale gas prices even further. Add in rocketing food prices and inflation and I think we could see some really quite ugly scenes when enough people have had enough. I have no idea what should be done to ease the burden but something does need to be done. These are very troubled times for many reasons.9 -
So should we all get bailed out or just those that need it.?ShootersHillGuru said:
By next winter the average dual energy bill will be more than double what it was in 2020 at around £4K a year. There are many ordinary fully working families that won’t cope with that sort of increase. They can’t cater for it either. I don’t think many understand just how many people just get through each month.clb74 said:
And those that need the help, should be helped.ShootersHillGuru said:
It’s what we have government for. That’s why. Millions of people are going to be forced into not heating their homes. In France for example the government have forced the energy companies to take the hit. We’ve got a compulsory £200 loan.clb74 said:
Why should the government be doing more?Hartleypete said:This is going to kill the economy stone dead, Government should be doing more here but they won’t.
Stormy waters ahead.
Some of us have had it easy for years, and when things start to go tits up expect someone else to bail us out.
But should the government help us all out?
0 - Sponsored links:
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Now you mention it, I have too. I guess a lot of people (and I know this doesn't apply to everyone and some people really won't be able to afford to eat and heat) will have to prioritise what they spend their income on - very little more important that eating and heating.carly burn said:
Can anyone answer me this.ShootersHillGuru said:Next winter is going to be tough for a lot of families. What’s happening with Russia will push up wholesale gas prices even further. Add in rocketing food prices and inflation and I think we could see some really quite ugly scenes when enough people have had enough. I have no idea what should be done to ease the burden but something does need to be done. These are very troubled times for many reasons.
How are people affording brand spanking new motors?
I've seen so many around in the last couple of weeks. 30 - 50k a pop.
It don't add up.
Baffling.
After 2 years of very limited options for holidays abroad, many families may have excitedly booked a holiday before all this increases, that might have been one of the first things to be cut0 -
ME14addick said:
I agree that the £20 UC should be reinstated and NI rise should be scrapped and the bands at which NI & tax start should be raised, especially for those on lower salaries, however it is obscene that oil and gas producers are raking in billions on the backs of ordinary people. There should definitely be a windfall tax on those incredibly high profits.Lincsaddick said:
for a start the extra £20 a week benefit paid during the pandemic should be reinstated, the NI rise scrapped and the bands at which tax and NI start being deducted raised.. the UK is a reported x trillion (who knows ?) in debt .. f f s sake what ever happened to the humble billions and the now not worth having millions .. so a few more billion quid in the red will not mean a lot .. I am NOT in favour of windfall taxes or soaking the rich, not yet anywayShootersHillGuru said:Next winter is going to be tough for a lot of families. What’s happening with Russia will push up wholesale gas prices even further. Add in rocketing food prices and inflation and I think we could see some really quite ugly scenes when enough people have had enough. I have no idea what should be done to ease the burden but something does need to be done. These are very troubled times for many reasons.
Isn't that what corporation tax is? The more you make the more you pay (granted you could increase the rate etc).0 -
Just got the dreaded email from Shell Energy . My yearly bill for my three bedroom semi detached is going up over a grand .
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My 3 bed semi0 -
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1/4/22ShootersHillGuru said:0 -
Thanks. Bad timing unfortunately. What a problem so many people will have.0
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I was with Green ( via Look after my Bills ) and they went bust and i was handed over to Shell Energy . I'm not aware that i was on a fixed tariff , I was just put on the cheapest or Equivalent with Shell.ShootersHillGuru said:0 -
I suggest Scottish power for electric and gas. It is expensive but at least it's a reliable fixed rate and it won't be changing.
My recent bill has actually decreased0 -
That is just frightening. Lord knows how a lot of people are going to cope. You can just see people not being able to pay running into millions. And what do the energy companies do then?Bedsaddick said:Just got the dreaded email from Shell Energy . My yearly bill for my three bedroom semi detached is going up over a grand .
And I shudder to think what the revised cap will be later in the year.
Truly, truly scary times.0
