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Post by Deleted on Sept 6, 2022 15:12:51 GMT
Details yet to be announced so we'll have to wait and see.
Rog
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Post by Mr Stabby on Sept 6, 2022 15:14:04 GMT
£100 billion to be borrowed to cap fuel bills according to leaks. Rog And the rest. We will have to pay it back over the next 10 years or so. Just when you thought you were mortgage free along comes another debt. 😠 And with no resolution in sight to the Ukraine conflict I can only see fuel prices rising still further. Goldman Sachs is prediction UK inflation rate of 22% next year if gas prices remain high. www.bloomberg.com/news/articles/2022-08-30/goldman-sachs-says-uk-inflation-is-at-risk-of-topping-22
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Post by thebfg on Sept 6, 2022 15:16:30 GMT
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Post by Deleted on Sept 6, 2022 15:22:23 GMT
I understand Truss is to announce a NEW policy later this week involving a further £100 billion
Rog
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Post by kris on Sept 6, 2022 15:25:38 GMT
The £400 energy grant doesn't put anyone in any debt as it's not required to be paid back. The original £200 energy rebate that this scheme replaced had been due to been repaid but was scrapped. It’s about the new schemes the new prime minister will be told to implement. Not the ones already announced.
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Post by thebfg on Sept 6, 2022 15:25:42 GMT
Maybe. But as it stands it doesn't have to be repaid. I can't comment on what may or may not happen in the future.
iMHO It would be a bad move to change that, I'd hope any extra funding is extra.
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Post by kris on Sept 6, 2022 15:27:21 GMT
Maybe. But as it stands it doesn't have to be repaid. I can't comment on what may or may not happen in the future. iMHO It would be a bad move to change that, I'd hope any extra funding is extra. well we where, it looks like the goverment is going to force people into debt.
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Post by thebfg on Sept 6, 2022 15:35:02 GMT
How is anyone currently being forced into debt by the government?
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Post by Deleted on Sept 6, 2022 15:40:31 GMT
In a cynical moment I would say this is all an organised wealth redistribution. Nothing new under the sun but all that is happening is taxpayer money going to shareholders.
And so on.
This time if enough people get pissed off enough it could get interesting.
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Post by JohnV on Sept 6, 2022 15:48:01 GMT
And the rest. We will have to pay it back over the next 10 years or so. Just when you thought you were mortgage free along comes another debt. 😠 Forcing people into debt is really diabolical. take it up with Vladimir Vladimirovich ...... but I think there are a lot of people in front of you in the queue
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Post by Deleted on Sept 6, 2022 15:51:02 GMT
Another problem is that it appears to be the plan to put a "cap" on energy bills. This will disproportionately benefit higher consumers who are probably more able to afford it.
Far better would be to put a discount and not a cap so that frugal consumers are also rewarded.
Otherwise its just another scam.
Or better still increase the cost per unit according to people's consumption.
Greed needs discouraging asap.
We're all doomed ! Repent repent.
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Post by ianali on Sept 6, 2022 15:55:10 GMT
Another problem is that it appears to be the plan to put a "cap" on energy bills. This will disproportionately benefit higher consumers who are probably more able to afford it. Far better would be to put a discount and not a cap so that frugal consumers are also rewarded. Otherwise its just another scam. Or better still increase the cost per unit according to people's consumption. Greed needs discouraging asap. We're all doomed ! Repent repent. The cap isn’t actually a cap on your bill, just a cap per unit charge.. Anyway, this always had to happen or lotsa people wouldn’t have been able to pay their bills. I think it’s a good thing.
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Post by Deleted on Sept 6, 2022 15:57:14 GMT
Sorry I was misunderstanding it. BBC news suggested a cap of £2500 a year but I guess that is an average not a fixed cap so someone who usually spends more will still be spending more.
Something like this needs to be means tested or it's free beer money.
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Post by kris on Sept 6, 2022 16:01:54 GMT
How is anyone currently being forced into debt by the government? Not currently, please read what is written. Before having an argument over what isn’t written.
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Post by kris on Sept 6, 2022 16:05:03 GMT
In a cynical moment I would say this is all an organised wealth redistribution. Nothing new under the sun but all that is happening is taxpayer money going to shareholders. And so on. This time if enough people get pissed off enough it could get interesting. It’s all about asset transfer to the top 1%. It’s been going on for ever, but the rate seems to have been increased since 2008. Let’s face it war has always been a good earner for a certain element of the population.
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