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Mirfield, West Yorkshire
Joined February 2012
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Synthetic Petrol..
I'd imagine it would be cheaper to produce than dragging oil out of the ground, boiling it in a massive distillery, and could be made closer to the point of sale, should there be the will..
This should in theory raise 100's of Millions in tax take - but of course - it won't because sadly people will be displaced from their jobs as a result - but make no mistake, that's the reason @UKLabour want to increase the minimum wage.
Europe doesn't of course. It's not European young men being slaughtered on the front line in a war where we all know what the outcome will be.
At least the weapons mfrs are making a dollar though, eh?
Has @andyburnham taken control of the Gov.Uk X account? 😂
The French Flag looks secondary to that of the EU - that tells you all you need to know about this traitor.
Adresse aux Français. teapawt.net/i/broadcasts/1nxnRBMXp…
"Take the fight to the enemy"...
The problem is, it's hard to tell who the enemy is right now.
We'll go to war to protect the leftist ideologies that the Europe wants to force upon us, nit because we are under threat..
So, who is the enemy.... It's not who we think it is.
🚨 NEWS: The head of the British Army has warned that the British public must prepare to make sacrifices to strengthen national defence as the threat of war increases.
General Sir Roly Walker told 700 soldiers at Catterick Garrison that political leaders would soon need to have a frank conversation with the public about the dangers facing Britain and the sacrifices required to prioritise national security.
His warning comes as new Ipsos polling reveals that 48% of Britons would refuse to take up arms for Britain under any circumstances, while 51% support increased defence spending.
Energy bills will NEVER come down.
Important News: @Ofgem’s just launched a ‘consultation’ about switching on the Market Stabilisation Charge as soon as November. It doesn’t sound a big deal, but it could be, it ain’t good for consumers and I don't want it to slip under the radar.
In a nutshell, it means if wholesale energy prices drop sharply, the cheap fixes and switcher’s deals offered will be a lot more expensive, in order to protect energy firms’ profits.
That’s because any firm taking on a new customer, including on a cheap fix or other specialist tariff, will have to pay compensation to that customer’s old supplier, if they switch. It's basically a form of switching penalty.
While technically this is a consultation, it’s one of those where Ofgem has made up its mind, but is required to consult - it will almost certainly happen. Below is my ‘first look’ explainer on this...
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How it works (simplified to make it easy to understand):
Ofgem decided to put this power back into suppliers’ licences in May, so it could switch it on quickly if needed, and now it is trying to do just that.
It means if wholesale prices drop more than 10% below the level built into the Price Cap (and remember the January Price Cap is currently predicted to be 25% higher than now), and someone switches supplier from that or any tariff, the new firm must pay the old one 85% of the drop in wholesale rates beyond that 10%.
So very roughly, say the wholesale energy in the Price Cap costs £1,000 (a made-up number, to keep it simple. This is about proportions, not exact amounts):
- If prices drop to £900, there’s no Market Stabilisation Charge.\
- If prices drop to £800, you get the first £100 drop, but 85% of the next £100 (£85) goes to your old supplier.
So almost certainly the new firm will make you pay the difference, meaning the tariff will be up to £85 more than it would otherwise have been (other factors could affect the amount, but this is a rough illustration)
In other words, the new supplier can’t pass a chunk of the saving from lower wholesale rates on to you, because it has to hand much of it to your old supplier.
Why Ofgem says it’s doing this
Its argument is that the Price Cap requires suppliers buy energy in advance. If wholesale rates fall sharply and people leave in large numbers, those suppliers would be left out of pocket, and it doesn’t want suppliers who did the right thing by buying energy in advance to be penalised.
My View
I don’t like it. This is a ‘Market Stabilisation Charge’ but the supplier market is pretty stable, and I doubt we are at the domino risk of suppliers going bust in the way they did in the early twenties. A good few energy firms have made large profits since then, and protecting them over winter by effectively dampening competition because it’s ‘not their fault’ feels raw.
After all we don’t take their profits off them when they make them ‘through no fault’. Until now, my hope had been that at some point the Middle East situation would de-escalate, wholesale rates would drop. While it would take months for that to feed into the Price Cap, other cheaper tariffs would be available to switch to. That would still happen, but the savings could be no-where near as good as otherwise.
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As noted, these are my provisional thoughts and this has only just come out. I will need to do more looking/thinking.
Love the fact that Man City won today - football is fucked all the way down the pyramid, and stopped being meritocratic a loooong time ago - so I'm all for anybody highlighting the fact and making the cartel gag on their results.
Replies turned off so people can't state the obvious..
On World Homeless Day, I want to thank the charities, organisations and individuals working tirelessly to support people experiencing homelessness and help deliver our mission to end rough sleeping for good.
Nobody should face the fear of not knowing where they'll sleep tonight or when they'll next have a safe place to call home.
And to people sleeping rough today: we see you, we haven't forgotten you, and we'll keep working every day to ensure you have the safety, security and stability you deserve.
My issue with this is, the people that truly need the benefits struggle to get the help they need, because too many of the claimants are completely playing the system...
@KirkleesCouncil
