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Post by philthewindsurfer on Sept 7, 2022 8:45:13 GMT
Once you know you are going to reach £2,500, fuck it, turn up the heating and sit in shorts? There needs to be an incentive to get everyone to use less fuel. They could make fuel usage charges done on a sliding scale. Every household gets x therms free, then rising in price in bands up to a reasonable rate, then market rates. The electoral roll, DWP etc know number of people in households, so the poorest could get more free therms. It would be a reasonably sized IT project, and would take a while to implement, longer if your PM fucked off on holiday and left it all to the next PM to decide on all future polices. Oil central heating isnt done on a computerised system like gas/electric, so that would require a bit of manual effort. But I guess the anti Nanny state/privacy nutters would be up in arms about sharing personal data like that. Big Brother etc etc. |
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Post by elnoodle the reasonable on Sept 7, 2022 10:58:09 GMT
Much speculation flying around regarding a solution to the energy crisis but it's widely thought that loans to energy companies to keep bills down to a merely unaffordable level will be introduced. We, the fucking mugs will then repay this through higher bills for decades.
So, if there's no windfall tax then energy companies are able to keep the massive profits they are now making.
Also, it's being estimated that this will cost £100bn which is enough to build 50GW of offshore wind. Or, I don't know, do something mental like build 25GW of offshore wind and chuck the rest at building energy storage, hydrogen generation and home insulation. Imagine, well insulated homes with gas boilers running off the Hydrogen tank in the loft.
But no, fuck that, let's give the money to fucking BP and Shell instead.
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Post by pantah on Sept 7, 2022 11:23:56 GMT
It's blatant, in your face, capitalist cuntsmanship
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Post by elnoodle the reasonable on Sept 24, 2022 0:22:27 GMT
A quite astonishing budget today. I do however think that Trussonomics will succeed in increasing the average wealth of the UK population by the next election as the poorest in society are extremely unlikely to survive two fucking winters.
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Post by philthewindsurfer on Sept 24, 2022 6:53:15 GMT
To prepare for "largest rise in the £ on record" headlines, you first need to crash the £, further. Like imports/exports to EU before/after we finally left.
2008 we were doing ok. Then we had the financial crash. We were recovering from that, then Brexit happened. We were recovering from that, then Covid caused a short term blip, along with the final withdrawal from EU with the deal/no deal episode. Then the Ukraine war and inflation rocketed. Our inflation rate is similar to the EU average, we used to be upper quartile with France and Germany. A Brexit bonus of 3-4% inflation on top of everyone elses. That caused the £ to drop again as confidence in the UK economy fell.
Now this. Inflation will rise as imports will cost more. Any savings from the 1p tax cut get, for the majority of people in the country, will be swallowed up by increased inflation of their outgoings.
Prepare for more foreign investors buying up what remains of UK owned companies & assets we still have.
What a fucking mess.
At least exports will be cheaper to buy, if our industry survives. Good for tourism too, as we become the bargain place for a holiday.
Or, its a masterstroke from a genius, and our economy will expand rapidly. I wonder how long that will take, I was thinking 10 years to recover after Brexit, but to get back to 2008 levels, even pre-Brexit levels will take another 10 years.
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Post by elnoodle the reasonable on Sept 26, 2022 10:27:26 GMT
Very considerate of Truss and Kwarteng to crash the stock market just before my share option matures. Cunts have cost me over a grand already and I need to get to the end of the week. The only positive is that they've also crashed the £ so that grand is less of a loss than it might have been a week ago or something.
I'm going to go out on a limb here and suggest that they haven't a fucking clue what they're doing.
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Post by Eddie The Bastard on Sept 26, 2022 19:15:42 GMT
Listen all of y'all it's a sabotage.
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Post by elnoodle the reasonable on Sept 28, 2022 10:43:44 GMT
Listen all of y'all it's a sabotage. By whom though? Every cunt now knows that bankers, investors and forex traders have made a killing by shorting the £ but have Truss and Kwarteng been in on the scam or are they simply useful idiots? £500bn wiped off the stock market in a week, £ completely fucked, UK debt at record levels, domestic fuel costs increasing, mortgage rates going up, inflation through the roof, workers going on strike because none of this is affordable. Really difficult to see any way out of this. It won't get better under current policy but a u-turn could potentially worsen market confidence. Thank fuck we didn't choose chaos with Ed Milliband. |
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Post by philthewindsurfer on Sept 29, 2022 9:30:40 GMT
I think the plan is, after years of selling off our companies and assets to foreigners, outsourcing a lot of UK based jobs abroad as its cheaper, is to crash the £.
This will attract foreign investment, to help rebuild our industries and our job prospects. The bad news is as the UK isnt awash with cash (due to profits going abroad), is that these same foreign investors will want their profits to be paid back to them, again. The £ dived after Brexit, but the stock market value increased (for 2 years) as foreign investors bought in. This doesnt seem to be happening now. Yet. A problem for foreign investors is last month they got €1.17 or $1.17 for every £ profit, now they will get €1.11 or $1.08. I think many countries are feeling the pinch from the energy crisis, maybe not the time now to invest abroad. What a time to gamble on the countries future.
The small number of shares I have has dropped £1300 in value in a week, but dont worry, this will be offset by 1p cut in income tax, starting next April, worth £160 a year. Hopefully things stabilise and creep back up again.
They didnt publish the OBR report alongside the budget, seems like thats the normal thing to do. I wonder why?
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Post by philthewindsurfer on Sept 29, 2022 10:15:02 GMT
PS stock markets around the world have been falling since around 8th September, but havent seen their currency hammered the way we have in the past 14 years.
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Post by philthewindsurfer on Sept 29, 2022 12:18:05 GMT
pps, forgot to say Miss Trust knew the £ would bomb, inflation & interest rates would rise because Sunak told her on several occasions during the leadership debates. Interrupted her several times, sometimes quite angrily as he knew she was talking bollocks, and got slagged off for interrupting and 'mansplaining'.
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Post by elnoodle the reasonable on Sept 29, 2022 14:23:25 GMT
I think the plan is, after years of selling off our companies and assets to foreigners, outsourcing a lot of UK based jobs abroad as its cheaper, is to crash the £. This will attract foreign investment, to help rebuild our industries and our job prospects. The bad news is as the UK isnt awash with cash (due to profits going abroad), is that these same foreign investors will want their profits to be paid back to them, again. The £ dived after Brexit, but the stock market value increased (for 2 years) as foreign investors bought in. This doesnt seem to be happening now. Yet. A problem for foreign investors is last month they got €1.17 or $1.17 for every £ profit, now they will get €1.11 or $1.08. I think many countries are feeling the pinch from the energy crisis, maybe not the time now to invest abroad. What a time to gamble on the countries future. The small number of shares I have has dropped £1300 in value in a week, but dont worry, this will be offset by 1p cut in income tax, starting next April, worth £160 a year. Hopefully things stabilise and creep back up again. They didnt publish the OBR report alongside the budget, seems like thats the normal thing to do. I wonder why? You're overthinking this Phil. I'm sure there is a plan but I'm fairly certain that Truss isn't party to it. Just like Brexit, just like the reaction to Covid, follow the money. Who is getting rich out of this? Finally, the BBC have decided to report on the goings-on of 55 Tufton St. Headquarters of all manner of right-wing 'think tanks' who are feeding policy to government and making fortunes on the back of the ensuing chaos. We're not in a recession, we're in a robbery. Truss did the radio rounds this morning and proved spectacularly why her handlers keep her away from interviews. Several times she stated that "no family will pay more than £2500 a year for domestic fuel." Now, it's not just that this is blatantly wrong but the energy cap is by far the simplest of her policies to understand. If she cannot even grasp this, and goes on radio to spread disinformation, then there is absolutely zero chance she has a fucking clue about anything else. This isn't about investment or growth, it's simply about some very rich and powerful people lining their already bulging pockets with every other cunt's money. It's quite astonishing. |
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Post by elnoodle the reasonable on Sept 29, 2022 14:38:35 GMT
Fuck. Me.
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Post by philthewindsurfer on Sept 29, 2022 15:24:45 GMT
Truss did the radio rounds this morning and proved spectacularly why her handlers keep her away from interviews. Several times she stated that "no family will pay more than £2500 a year for domestic fuel." Now, it's not just that this is blatantly wrong but the energy cap is by far the simplest of her policies to understand. If she cannot even grasp this, and goes on radio to spread disinformation, then there is absolutely zero chance she has a fucking clue about anything else. Its even badly worded on the government website: www.gov.uk/government/news/government-announces-energy-price-guarantee-for-families-and-businesses-while-urgently-taking-action-to-reform-broken-energy-marketEnergy Price Guarantee
From 1st October, a new ‘Energy Price Guarantee’ will mean a typical UK household will now pay up to an average £2,500 a year on their energy bill for the next two years. This is automatic and applies to all households.
We all know its bollocks. It should say something like: Energy Price Guarantee
From 1st October, a new ‘Energy Price Guarantee’ will mean a typical UK household with the typical usage of nnn KWH for gas and nnn KWH for electricity, will now pay to an average £2,500 a year on their energy bill for the next two years. Using more than nnn KWH for gas and nnn KWH for electricity and you will pay more.nnn KWH should be stated, along with the maximum price per KWH. If another Beast from the East comes along, some "typical UK household" people will think that their bill will be no more than £2,500. |
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Post by elnoodle the reasonable on Sept 29, 2022 15:43:24 GMT
Wow. That website is jaw dropping.
Shouldn't a gov.uk website be politically impartial? What the fuck is this all about?
The historic intervention comes after a failure to invest in home-grown energy and drive reform in the energy market. Putin’s weaponisation of energy supply has exposed the UK’s vulnerability to the volatility of global markets, coupled with a regulatory framework which is no longer fit for purpose, which is driving up bills and holding back economic growth.
Prime Minister Liz Truss said:
Decades of short-term thinking on energy has failed to focus enough on securing supply – with Russia’s war in Ukraine exposing the flaws in our energy security and driving bills higher. I’m ending this once and for all.
We get fuck all energy from Russia. Europe does and this loss has forced up global prices so how has this exposed any flaws in our energy security unless, hang on, they couldn't possibly be using the Ukraine war as an excuse, could they?
Also, it absolutely rips into previous government. Hasn't Liz Truss been a senior figure in the tory government of the last 12 years? Is that what this politically impartial government website is criticising? I'm confused. I'm supposed to be confused, aren't I?
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