Higher Energy bills are a price worth paying

M

Matesrates

Well-known member
So says Liz Truss to the press on her trip to America. They’re worth paying for the U.Ks long-term security apparently.

Of course her bill in number 10 is capped lower than ours, so it’s not her who is going to struggle this winter.
 
Matesrates said:
So says Liz Truss to the press on her trip to America. They’re worth paying for the U.Ks long-term security apparently.

Of course her bill in number 10 is capped lower than ours, so it’s not her who is going to struggle this winter
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seasideone said:
Normally I agree with you Dave.

On this I cannot.

She is massively underpaid for her responsibilities.

Every MPs, cabinet minister and PMs salary should be multiplied by somewhere between 5 and 10.

Then on the whole we may get better qualified people!
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So does that mean she’s going to struggle to pay her leccy bill?
You have to wonder why so many of these rich people are falling over themselves to be PM when theres no financial gain.
 
seasideone said:
Normally I agree with you Dave.

On this I cannot.

She is massively underpaid for her responsibilities.

Every MPs, cabinet minister and PMs salary should be multiplied by somewhere between 5 and 10.

Then on the whole we may get better qualified people!
Click to expand...

To add to this the actual salary she gets for doing the job is just under £80,000, yes she picks up an MP's salary on top, but all MP's get that and without the extra work involved in being PM, or a cabinet minister.
 
She’s said she’s prepared to be an unpopular PM and take tough decisions, well she’s already unpopular with the tories 10 points behind Labour. Can’t see the party putting up with that for long. Wouldn’t be surprised to see a leadership contest again early next year
 
Matesrates said:
She’s said she’s prepared to be an unpopular PM and take tough decisions, well she’s already unpopular with the tories 10 points behind Labour. Can’t see the party putting up with that for long. Wouldn’t be surprised to see a leadership contest again early next year
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They'll have to go to the electorate first I think, can't keep picking leaders until one suits for the General Election.

Starmer isn't exactly setting the world alight as it is, someone mentioned the other day though that he's doing a Biden and just letting the other side self combust, which is probably right.
 
Lytham_fy8 said:
I'll keep repeating it until people realise, she's a ** idiot.
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Simple basic economics. Get the economy moving and increase investment or the country goes backwards. She's taking the right approach so long as she protects the poorest families while she's doing it.
 
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tommytwojags said:
Simple basic economics. Get the economy moving and increase investment or the country goes backwards. She's taking the right approach so long as she protects the poorest families while she's doing it.
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What has that got to do with paying high energy costs in the interests of security?
 
Name me a politician who’s perfect? Truss is a damn sight better than that bumbling idiot - she seems to have done more in two weeks than that Pratt did in 2 years.
I quite like her, she tells it how it is and has done exactly what she said she would do.
I think and hope she’ll do well
 
Lytham_fy8 said:
What has that got to do with paying high energy costs in the interests of security?
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Get someone to explain it to you. Throw money at it and you get nowhere. Regenerate the economy and increase external investment and you don't have to keep injecting capital.
 
tommytwojags said:
Get someone to explain it to you. Throw money after it and you get nowhere. Regenerate the economy and increase external investment and you don't have to keep injecting capital.
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No, you explain to me how paying three times the amount for my energy helps with security?
 
Doesnt want to take more tax off energy companies for idealogical reasons. Will allow bankers bonuses to be increased, at whatever risk , in terms of the their breaking rules to make the most money. Admits that her tax reductions will benefit the rich.
news.sky.com

Truss admits her tax cuts will disproportionately benefit the rich - and says she's prepared to be an unpopular PM to boost economy

The prime minister spoke to Sky News ahead of her chancellor announcing new tax policies on Friday. Taking a bullish stance, she insisted she would push ahead whatever the consequences.
news.sky.com news.sky.com
 
Always tangerine said:
Doesnt want to take more tax off energy companies for idealogical reasons. Will allow bankers bonuses to be increased, at whatever risk , in terms of the their breaking rules to make the most money. Admits that her tax reductions will benefit the rich.
news.sky.com

Truss admits her tax cuts will disproportionately benefit the rich - and says she's prepared to be an unpopular PM to boost economy

The prime minister spoke to Sky News ahead of her chancellor announcing new tax policies on Friday. Taking a bullish stance, she insisted she would push ahead whatever the consequences.
news.sky.com news.sky.com
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You referenced an article but ignored what it said. Truss wants to grow the economy to produce higher wages, more investment in the UK and funding of the NHS and other services. Tax increases on energy providers will have the opposite effect. Encouraging capital investment in the City will produce benefits for the whole country. Businesses and individuals will be bailed out to the tune of £150bn and there will be no energy rationing this winter unlike the cuts that Germany and other European countries are planning.
 
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tommytwojags said:
You referenced an article but ignored what it said. Truss wants to grow the economy to produce higher wages, more investment in the UK and funding of the NHS and other services. Tax increases on energy providers will have the opposite effect. Encouraging capital investment in the City will produce benefits for the whole country. Businesses and individuals will be bailed out to the tune of £150bn and there will be no energy rationing this winter unlike the cuts that Germany and other European countries are planning.
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Truss wants to produce higher wages....hmm, that's not my take on her views. Higher bankers bonuses - tick, higher utility bills - tick, lower national insurance costs to benefit the better off - tick, tax cuts that disproportionately benefit the better off - tick, lower public investment in health, welfare and the North - tick.
 
tommytwojags said:
You referenced an article but ignored what it said. Truss wants to grow the economy to produce higher wages, more investment in the UK and funding of the NHS and other services. Tax increases on energy providers will have the opposite effect. Encouraging capital investment in the City will produce benefits for the whole country. Businesses and individuals will be bailed out to the tune of £150bn and there will be no energy rationing this winter unlike the cuts that Germany and other European countries are planning.
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Capital investments, or just billions in stock buybacks?

The conservative fear of investors fleeing abroad doesn't hold much water here considering the EU is proposing even bigger windfall taxes across the continent.
 
foggy said:
The conservative fear of investors fleeing abroad doesn't hold much water here considering the EU is proposing even bigger windfall taxes across the continent.
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The EU is promoting windfall taxes and higher corporation taxes and is limiting fuel price rises. That's the point.
 
ElBurroSinNombre said:
Seems like the Economists at the IFS disagree;

www.standard.co.uk

Liz Truss’s plans for tax cuts ‘a gamble at best’, says leading think tank

The Institute for Fiscal Studies said the new PM risks putting the public finances on an ‘unsustainable path’
www.standard.co.uk www.standard.co.uk

Bank of England set to raise interest rates by upto 0.75 percent tomorrow, negating some of the effects of the tax cuts before they have been implemented.
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Of course it's a gamble. £150,000,000,000 to reduce personal bills and another £100,000,000,000 for businesses. How could it not be a gamble?
But just imagine the outcry if the Govt had not given the biggest financial support in history.

The IFS deputy director Carl Emmerson said: “Under the new Prime Minister’s plans, the fiscal targets legislated in January would be missed and while we would get to enjoy lower taxes now, ever-increasing debt would eventually prove unsustainable.” Maybe he doesn't understand that it's not intended to be sustainable. It's meant to help the country survive the short term crisis.
 
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tommytwojags said:
The EU is promoting windfall taxes and higher corporation taxes and is limiting fuel price rises. That's the point.
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So surely that takes away the fear of businesses moving out of the UK if we do the same. And what about the billions being spent not in capital investment as you seem to think they automatically will be, but on stock buybacks where the rich get richer?
 
seasideone said:
Normally I agree with you Dave.

On this I cannot.

She is massively underpaid for her responsibilities.

Every MPs, cabinet minister and PMs salary should be multiplied by somewhere between 5 and 10.

Then on the whole we may get better qualified people!
Click to expand...
It always surprises me just how low the PMs salary is...

The Prime Minister is entitled to an annual salary of £164,080. Their earnings are made up of £79,936 for their role as Prime Minister, and an additional £84,144 as an MP.

The stress of that job must be unbearable. It tends to wreck the health of the incumbents and age them by a couple of decades. Unless they are turfed out early like Theresa May (who now actually looks human) and Boris (who was looking remarkably sprightly on the Queen's tribute programme).

Being a politician is such a weird job. In my view anyone who wants to be a politician should automatically be banned from being one.
 
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Well my monthly payments to Scottish Power are now at £850 pcm from circa £300 and that’s factoring in the £400 rebate and the cap

They are projecting my annual usage at £13500 as against £3600 twelve months ago

Yes we are a large household ( 6 rising to 8 when other halves stay over ) but WTF
 
Feels like Iv already got a power cut as I’m not putting the heating on and my DD is now £347 from £196 12 months ago and another rise to come in October
 
Uncharted waters now. Still got big price rises despite the huge intervention. High inflation, pound falling, huge HMG new borrowing, probably in recession, large interest rate rise and big tax cuts.
Seriously who would want to be Prime Minister right now? I hope it works out😱.
 
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