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By (user no longer on site) OP 36 weeks ago
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The energy price cap is going up by a further 2% in October.
Ofgem is blaming wind farms.
I’m sure Ed Miliband said my energy bill was going to come down by £300 a year under Labour but it seems to be going up.
What’s going on here? |
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"The energy price cap is going up by a further 2% in October.
Ofgem is blaming wind farms.
I’m sure Ed Miliband said my energy bill was going to come down by £300 a year under Labour but it seems to be going up.
What’s going on here?"
All this increase is due to Labour policy decisions. Wind farm / renewable subsidies and expansion of the warm home discount.
Both bad policies which hit the ordinary middle earners hard. |
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"2% on energy is absolutely nothing compared to food price inflation, is that labours fault too ?"
Mostly, yes. Hefty increases in business taxes including National Insurance changes which disproportionately affect the lower paid workers are now feeding through into inflation. |
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By *I TwoCouple 36 weeks ago
near enough |
"2% on energy is absolutely nothing compared to food price inflation, is that labours fault too ?
Mostly, yes. Hefty increases in business taxes including National Insurance changes which disproportionately affect the lower paid workers are now feeding through into inflation."
I fail to see how those have affected food prices in France Spain and the rest of the world but anyway the contrast between a small energy increase and massive food increases is the point.
Climate change seems to be the main factor affecting food prices so is 2% on energy to lower emissions a good thing in the long term |
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"2% on energy is absolutely nothing compared to food price inflation, is that labours fault too ?
Mostly, yes. Hefty increases in business taxes including National Insurance changes which disproportionately affect the lower paid workers are now feeding through into inflation.
I fail to see how those have affected food prices in France Spain and the rest of the world but anyway the contrast between a small energy increase and massive food increases is the point.
Climate change seems to be the main factor affecting food prices so is 2% on energy to lower emissions a good thing in the long term "
No, we already pay some of the highest energy prices in the world despite sitting on significant reserves of fossil fuels. This affects the price consumers pay for domestic energy, increases prices of locally produced goods and destroys the competitiveness of our industry on a global scale.
We are bankrupting our country to make an insignificant difference to overall world emissions.
UK food prices used to be significantly lower than France however we are catching up quickly. |
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By (user no longer on site) OP 36 weeks ago
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"2% on energy is absolutely nothing compared to food price inflation, is that labours fault too ?"
Yes, as others have explained.
The typical dual fuel energy bill has gone up 11.9% since Labour came to power. Around £187. Compared to a promised reduction of £300.
I wouldn’t consider that differential to be “absolutely nothing” for an average working family. |
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By *I TwoCouple 36 weeks ago
near enough |
"2% on energy is absolutely nothing compared to food price inflation, is that labours fault too ?
Yes, as others have explained.
The typical dual fuel energy bill has gone up 11.9% since Labour came to power. Around £187. Compared to a promised reduction of £300.
I wouldn’t consider that differential to be “absolutely nothing” for an average working family."
Your first post said it's gone up another 2% which is a fairly insignificant amount.
Now you change your argument to 11.9% ????
Yes that's a significant amount but not the original discussion is it ? |
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By *I TwoCouple 36 weeks ago
near enough |
Pardon the use of AI but I couldn't be arsed paraphrasing it
The UK government, specifically the Labour party, previously pledged to cut energy bills by up to £300. However, they've failed to confirm if they still stand by this promise. The £300 figure originated from a report by the energy think tank Ember, which estimated average household electricity bills would be around £300 lower in 2030 than in 2023 if the UK met its renewable energy commitments.
The calculation is based on the energy price cap in July-September 2023, which has since decreased. Critics argue that the £300 figure is already out of date. Furthermore, achieving this goal relies heavily on decreasing international gas prices, which are beyond the government's control ¹ ² ³.
*Key Points:*
- *Pledge*: Labour pledged to reduce household energy bills by £300 per year by 2030 through clean energy initiatives.
- *Basis*: The estimate is based on Ember's report and the 2023 energy price cap.
- *Current Status*: The government hasn't confirmed if they still stand by this promise.
- *Challenges*: Achieving this goal depends on various factors, including international gas prices. |
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By *I TwoCouple 36 weeks ago
near enough |
"Looks like rent increases as well, speculation Reeves about to put national insurance on rents for landlords which undoubtedly will get passed on "
And no doubt if landlords incease rents, benefits will be increased to cover the rent increase and a bit more and bang .. the money is gone again |
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What the fuck, anyway?
It's only 'Monopoly money' anyway.
Maybe we should stick to the rules og the board game and all hand it back to the bank when we stop playing?
In real Monopoly you can't stash it away somewhere to give to your spouse or children when they want to play in a future game. The bank would have to print more money... |
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By *007ManMan 36 weeks ago
Worthing |
Wind does not always blow and sun does not always shine therefore we have to import expensive fossil fuels. We have no storage for our own gas so have to sell it then buy it back. Could not make it up. |
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"The energy price cap is going up by a further 2% in October.
Ofgem is blaming wind farms.
I’m sure Ed Miliband said my energy bill was going to come down by £300 a year under Labour but it seems to be going up.
What’s going on here?
All this increase is due to Labour policy decisions. Wind farm / renewable subsidies and expansion of the warm home discount.
Both bad policies which hit the ordinary middle earners hard."
Could you breakdown the 100% of this increase, into those elements for us? |
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Unfortunately the cost of electricity is linked to the last reserve fuel that switches into the supply system - that’s gas. The price of gas is high and always has been. That’s what drives the price up and not renewables. |
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"Wind does not always blow and sun does not always shine therefore we have to import expensive fossil fuels. We have no storage for our own gas so have to sell it then buy it back. Could not make it up. "
And all the time 15 million uk homes are poorly insulated, burning gas for the sake of it, literally. |
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