camelot-forum.co.uk

https://www.bbc.co.uk/news/business-62882964

Rich households will receive twice as much support aimed at reducing the cost of living than poorer households next year, a think tank has claimed.

The Resolution Foundation said if the government cuts National Insurance and limits energy bill rises, richer homes will get £4,700 in 2023, compared to £2,200 for the poorest.

A typical household energy bill will be limited to £2,500 annually until 2024.

The think tank said "details and costings" were missing from the plan.

The huge support scheme could cost up to £150bn, but Prime Minister Liz Truss has refused to put a figure on it, saying "extraordinary times call for extraordinary measures".

I'd already worked out that we would be disproportionately better off, as we don't use much energy and the £400 payment would more than cover all the energy we use this winter, even before the new cap on tariffs. I rather suspect that this winter will cost us less than last winter, despite the massive increase in prices. That strikes me as being wrong. It would have been far better if the government had come up with a way help those that really need it.

Oldgreybeard wrote: ↑Tue Sep 13, 2022 9:18 am https://www.bbc.co.uk/news/business-62882964
That strikes me as being wrong. It would have been far better if the government has come up with a way help those that really need it.

It is wrong, but it's not in their DNA.

There's no doubt that a fair chunk of the Tory-voting electorate are going to do well out of these payments.

Liz Truss hires climate sceptics and “delayers” with ties to libertarian think tanks

New UK Prime Minister appoints multiple advisors with a record of opposing climate action, including a key aide from a think tank funded by oil giant BP.

ttps://reneweconomy.com.au/liz-truss-hires-climate-sceptics-and-delayers-with-ties-to-libertarian-think-tanks/

What as she done? She is a Trojan horse for the fossil fuel industry.

This is an embarrassment. Winter fuel allowance , rebate £400 , 2x Pensioner allowance £200 - Fits payment etc more than my bill anyway. ALL TAX FREE. My FITS payment +offset purchase is now £1 /kwh. and it will go up with inflation! ROI c 50%

This is not how it should be.

Ken wrote: ↑Tue Sep 13, 2022 9:51 am This is an embarressment. Winter fuel allowance , rebate £400 , 2x Pensioner allowance £200 - Fits payment etc more than my bill anyway. ALL TAX FREE. My FITS payment +offset purchase is now £1 /kwh. and it will go up with inflation! ROI c 50%

This is not how it should be.

Much the same here. Our energy bill came to £480 last year. This year it looks as if it will be around £1100. However, we get around £1000/year from FiT and export payments, a £200 winter fuel allowance, the £400 payment from the government, plus whatever they do to reduce the bill on top of that. Grossly unfair, when there are people that are in genuine energy poverty and really need far more help.

Not sure what most expected. People simply don’t understand politics. Truss, for a fair-to-all PM would not have been my choice - for definite and for certain. The £100k sponsorship, for her electioneering budget, from a fossil fuel source (even if slightly indirect) should spell it out very clearly to all but those who are unable to, or refuse to, properly comprehend political jargon, etc

I'm wondering how they will fund our FIT payments if the pause the 'Green Levy' that pays for them. Back onto general taxation I assume.

Thebeeman wrote: ↑Tue Sep 13, 2022 1:30 pm I'm wondering how they will fund our FIT payments if the pause the 'Green Levy' that pays for them. Back onto general taxation I assume.

Its included as part of the price cap guaranteed savings, therefore it gets added to the never never, national debt.

I really don't know what the answer is to this problem.

My gut feel is those on benefits should receive the most help. But even households earning £30k could be in dire need of help.

Is the tax cuts aimed at getting those more well off to spend this money in the economy? Or is it smoke and mirrors...

I'm 50/50 on the windfall tax.


Maybe means test is the only way. If you got £10-20k in the bank you don't need the help...

You might have worked your ballcocks of to get that amount of savings (I have) but you can afford your higher energy bills. Sucks a bit but that is life.