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".

The Department for Business could not offer a comment when contacted by the BBC, due to the period of national mourning.

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

:skull:

This was pointed out time and again to Truss during the hustings, but she kept going on with the same mantra and people keeping money in their pockets

Is that due the help being in flat rates and percentages rather than means tested amounts? And I guess bigger houses cost more to heat and power than small houses.

what cracked me up was how the department couldnt respond because they are mourning

Last month I decided to turn the freezer off and just store fresh food in the fridge.

My new electric bill in for this moth and it's £15.00 less than last month. Just shows how much electric freezers use.

That is nothing with to do with taking control though, if Labour were in power they would tax the energy giants, Tories will find themselves out on their ear after the next election due to this insane policy

Taking back control was the leave message, whereas the EU are taking direct action. This version of labour plan on protecting the energy companies and giving them money, too.

what gets me is that no-one is talking about eating into the energy companies legit profits, its only the money that was demonstrably earned by the war. The government will have to do a U turn at some point

And that renewable energy tracks the gas price, though we keep being told investing in renewables is the way forward really grinds my gears

Interesting.

A lot of folk buy in bulk ( meat / fish) and get it real cheap then freeze it so I guess it depends on the circumstances


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tbh I couldn't do without my freezer and I buy stuff that is on offer

That's right. I used to fill up the freezer.

Now I just have enough in the fridge for a few days. And of course there is a small freezer department in the fridge. But a saving of £15 per month per year is £180. Not to be sniffed at.

there are a lot of factors regarding the freezer, how new is it, was it defrosted properly, was it in a cool room, was the freezer nearly empty or nearly full. Those all affect how much energy the freezer uses

I agree, but it's best off.:hee:

NewsnightHD bbc2
reported Energy prices
have come down in price


And the Government Loan
would now be £60Billion

People are really thinking we are gonna have forced global blackouts

That's alarmist, we will be fine in the UK

[British Gas-owner Centrica has reopened
its giant gas storage facility to boost
the UK's supply over the winter.

The energy firm said site would allow
for "cheaper gas" to be stored for the
colder months and help "reduce or stabilise costs"
for households.
The move comes after the UK's energy regulator
said homes could face power cuts of up to
three hours if gas supplies run low.
Centrica said reopening Rough was
"not a silver bullet for energy security".

But it added: "It is a key part of a range
of steps which can be taken to help
the UK this winter."]


https://www.bbc.co.uk/news/business-63423600

Octopus Energy to take over collapsed supplier Bulb

[Energy supplier Octopus Energy is to buy
its smaller competitor Bulb.
Bulb collapsed last year amid rising gas and electricity
prices and has since been run by the government.
Its 1.5 million customers will not see any change
or disruption to energy supplies, the Department for Business,
Energy and Industrial Strategy said.

The value of the deal has not been published
but the BBC understands Octopus paid the
government, between £100m and £200m.
It is expected to be completed by the
end of November.]


https://www.bbc.co.uk/news/technology-62877930

Gas & Electricty Prices Crises (Poor got £650) 11:30AM Live
 

Where on Earth do they get these crazy company names !?

Octopus and Bulb ???

I can recall being confused when a finance company called Goodfish came from nowhere ..


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Easy to answer
well before, China's Covid-19
And the Russian Invasion


The UK Energy Market
was encouraged to grow
By Conservative and Labour MPs.


They picked Funky Names
to stand out.


Soon there may only be a few of them.

Sunak will have to give more money to the poor.

That first £326 didn't even last a month, never mind three months.

He has pledged to help those not well off.

Watch Thursday Nov 19th Autumn budget
if you can.

I know he will help, because that is why the budget was delayed.

The things Sunak wanted in it, weren't in the budget Hunt prepared before Sunak was appointed.