| Good Old Labour increasing the price of everything. 13:32 - Nov 20 with 33370 views | OldFart71 |
Inflation up and rising. Costs to businesses up. Energy prices going up again in January. Not long ago I paid £68 per month for gas and electricity. In the winter I was able to have my heating on 1-1.1/2 hours in the morning, then again 3 p.m. to 8 p.m. I now pay £85 per month (Just increased by my supplier) and I have it on for two hours at night. Absolutely bonkers. Whilst I admit and I was just as p*ssed off as most people with the Tories, Labour have steam rollered in like a bull in a china shop and now costs are and will keep increasing by more than they needed to. Companies will cut costs by cutting hours or even laying people off. Will put prices up whilst giving lower wage increases. This in turn will lead to workers striking for higher pay. There's a saying "You can't burn the candle at both ends" Labour are trying to put all the ills made by the previous Government in one go. It is too much all at once and is already leading to many sections of our community taking to the streets or totally feed up with a Party that has only been in power a few months. |  | | |  |
| Good Old Labour increasing the price of everything. on 17:14 - Nov 20 with 2530 views | EdwardStone |
| Good Old Labour increasing the price of everything. on 16:59 - Nov 20 by Dubtractor |
The problem with energy prices is that the market for both gas and electric effectively tracks the wholesale gas prices, even for nuclear and renewables, and so the market rates for all energy went up following the start of the Ukraine war, even though the cost of generating a lot of that energy did not increase. So a lot of generators started making insane profits on electricity production.
The last government introduced an energy generators levy on those generators whose costs didn't go up, and that was largely what paid for the winter fuel payments/discounts that we all got at the peak of the energy market.
What really needs to happen though, is to somehow decouple non gas electricity generation from the gas wholesale price, which is more difficult to do quickly.
So it isn't technically the cap that is the problem, but the market that governs the prices that energy is sold at. |
My understanding of the fixed energy price is like this .....
Imagine that you are bored of cooking, so you make a contract with your local restaurant to serve you supper of their choosing every evening at a fixed price.
They agree to do this and they fix the daily price at the most expensive dish on the menu... fillet steak and all the trimmings
You eat there every evening.... sometimes you are given baked potato and cheese, sometimes a fish finger sandwich and sometimes a bowl of watery vegetable stew
But every day you are paying for fillet steak
Somehow the phrase "taken for a fool" springs to mind [Post edited 20 Nov 2024 17:14]
|  | | |
| Good Old Labour increasing the price of everything. on 20:03 - Nov 20 with 2434 views | Swansea_Blue |
| Good Old Labour increasing the price of everything. on 16:59 - Nov 20 by Dubtractor |
The problem with energy prices is that the market for both gas and electric effectively tracks the wholesale gas prices, even for nuclear and renewables, and so the market rates for all energy went up following the start of the Ukraine war, even though the cost of generating a lot of that energy did not increase. So a lot of generators started making insane profits on electricity production.
The last government introduced an energy generators levy on those generators whose costs didn't go up, and that was largely what paid for the winter fuel payments/discounts that we all got at the peak of the energy market.
What really needs to happen though, is to somehow decouple non gas electricity generation from the gas wholesale price, which is more difficult to do quickly.
So it isn't technically the cap that is the problem, but the market that governs the prices that energy is sold at. |
Which makes the price cap all a bit pointless imo. Not much point having one when the market is leading to lower prices than the cap. Even a market that's massively inflated with record profits being generated. Not that I really understand it all. I'm just connecting the dots (probably wrongly!) of us paying lot more than we did pre-supposed Ukraine War impacts, whilst the producers make record profits. Someone's telling a porky somewhere in all of this and we're paying for it. |  |
| |
| Good Old Labour increasing the price of everything. on 20:21 - Nov 20 with 2426 views | Blueschev |
| Good Old Labour increasing the price of everything. on 20:03 - Nov 20 by Swansea_Blue |
Which makes the price cap all a bit pointless imo. Not much point having one when the market is leading to lower prices than the cap. Even a market that's massively inflated with record profits being generated. Not that I really understand it all. I'm just connecting the dots (probably wrongly!) of us paying lot more than we did pre-supposed Ukraine War impacts, whilst the producers make record profits. Someone's telling a porky somewhere in all of this and we're paying for it. |
It’s all a complete con. No matter your supplier, you receive the same gas from the same pipe. The only difference is the made up tariff you’re on and how savy you are at finding the cheapest, which isn’t easy. It’s such a huge con, how the hell was it ever allowed? |  | | |
| Good Old Labour increasing the price of everything. on 20:25 - Nov 20 with 2416 views | Mullet |
| Good Old Labour increasing the price of everything. on 13:35 - Nov 20 by baxterbasics |
It used to be that Labour would wreck the economy, then the tories would fix it. Now they just take turns giving us all a shoe-ing. |
No it didn’t. |  |
| |
| Good Old Labour increasing the price of everything. on 20:40 - Nov 20 with 2380 views | Dubtractor |
| Good Old Labour increasing the price of everything. on 20:21 - Nov 20 by Blueschev |
It’s all a complete con. No matter your supplier, you receive the same gas from the same pipe. The only difference is the made up tariff you’re on and how savy you are at finding the cheapest, which isn’t easy. It’s such a huge con, how the hell was it ever allowed? |
Capitalism. F#ck yeah!
That was sarcasm, for the avoidance of doubt. |  |
| |
| Good Old Labour increasing the price of everything. on 20:44 - Nov 20 with 2364 views | FoghornGleghorn |
| Good Old Labour increasing the price of everything. on 13:35 - Nov 20 by baxterbasics |
It used to be that Labour would wreck the economy, then the tories would fix it. Now they just take turns giving us all a shoe-ing. |
It used to be that the Tories would wreck the economy, Labour would try in vain to fix it, and the Tories would do things like weaponise the traditional "there's no money left" running joke to make gullible people believe Labour were the bad guys. And it's still that, but people are even more gullible. [Post edited 20 Nov 2024 20:45]
| | | |
| Good Old Labour increasing the price of everything. on 21:10 - Nov 20 with 2325 views | Swansea_Blue |
| Good Old Labour increasing the price of everything. on 20:25 - Nov 20 by Mullet |
No it didn’t. |
Quite. I'd missed that earlier comment. What a daft thing to say. | |
| |
Login to get fewer ads
| Good Old Labour increasing the price of everything. on 21:29 - Nov 20 with 2300 views | Help |
| Good Old Labour increasing the price of everything. on 15:47 - Nov 20 by BlueBadger |
Went out this morning to find out that pigeons had shat all over the car windscreen.
Fücking Starmer, this never happened under the Tories. [Post edited 20 Nov 2024 16:44]
|
How do you know they were pigeons |  |
| |
| Good Old Labour increasing the price of everything. on 21:35 - Nov 20 with 2287 views | Blueschev |
| Good Old Labour increasing the price of everything. on 20:40 - Nov 20 by Dubtractor |
Capitalism. F#ck yeah!
That was sarcasm, for the avoidance of doubt. |
It’s not even capitalism, if it was you could at least choose a different quality of gas or have a say in where it was sourced. It’s one of the biggest stitch ups ever inflicted on this country. | | | |
| Good Old Labour increasing the price of everything. on 22:20 - Nov 20 with 2238 views | NthQldITFC |
| Good Old Labour increasing the price of everything. on 20:21 - Nov 20 by Blueschev |
It’s all a complete con. No matter your supplier, you receive the same gas from the same pipe. The only difference is the made up tariff you’re on and how savy you are at finding the cheapest, which isn’t easy. It’s such a huge con, how the hell was it ever allowed? |
The gas that comes out of my pipe varies from day to day. The only time I've paid for it was when I got thrown off the bus at Ealing Broadway and had to walk home. Still, it were warm in me trousers. |  |
| |
| Good Old Labour increasing the price of everything. on 22:34 - Nov 20 with 2222 views | syntaxerror |
‘Big’ Tory business is missing the Tory grifters that has a quid pro quo with them, and is now moaning, coupled with the right wing red tops who have a vested interest in fear mongering.
No surprises where we are,
Starrmer is looking long term , if he goes through some pain now to actually improve thing a few years down the line, we are better off.
If not, Boris will be back to put us all in our place, as a Trump 2.1 [Post edited 20 Nov 2024 22:36]
|  | | |
| Good Old Labour increasing the price of everything. on 23:14 - Nov 20 with 2197 views | Lord_Lucan |
Labour have only just got in so you never know, they might turn things around. I'm a normal Tory voter but you have to admit Tory HQ was rancid at the end. I'm hoping they will do a Blair mark 1.
Hooever - I don't think they have the gumption? Blair was a smooth operator with a good team around him.
Gotta say though, on the face of the first few months I'm not sure. We are only a little in to the first shift but in my opinion they have made some really bad moves.
Minimum wage was generous as it was but when it goes up we are in the crazy situation where a minimum wage person doing 40 hours a week will be on £25k a year. WTF?????? I'm sorry to tell you this but some people are not worth £25k a year.
Plus - employers NI raise????
Now, I know some on here live in a dreamworld but these two things are going to have a catastrophic impact and lead to massive problems for average joe.
We are a very small company, tiny in fact. Thing is we can't accept this. We only employ a handful of people but we are going to have to get rid of one in January. |  |
| |
| Good Old Labour increasing the price of everything. on 23:31 - Nov 20 with 2179 views | J2BLUE |
| Good Old Labour increasing the price of everything. on 23:14 - Nov 20 by Lord_Lucan |
Labour have only just got in so you never know, they might turn things around. I'm a normal Tory voter but you have to admit Tory HQ was rancid at the end. I'm hoping they will do a Blair mark 1.
Hooever - I don't think they have the gumption? Blair was a smooth operator with a good team around him.
Gotta say though, on the face of the first few months I'm not sure. We are only a little in to the first shift but in my opinion they have made some really bad moves.
Minimum wage was generous as it was but when it goes up we are in the crazy situation where a minimum wage person doing 40 hours a week will be on £25k a year. WTF?????? I'm sorry to tell you this but some people are not worth £25k a year.
Plus - employers NI raise????
Now, I know some on here live in a dreamworld but these two things are going to have a catastrophic impact and lead to massive problems for average joe.
We are a very small company, tiny in fact. Thing is we can't accept this. We only employ a handful of people but we are going to have to get rid of one in January. |
The minimum wage is not generous.
People giving up 1800+ hours per year (based on 33 days holiday total) absolutely deserve £25,000.
The worst paid jobs tend to be the sh1t jobs as well like retail, customer service etc. |  |
| |
| Good Old Labour increasing the price of everything. on 23:39 - Nov 20 with 2162 views | Lord_Lucan |
| Good Old Labour increasing the price of everything. on 23:31 - Nov 20 by J2BLUE |
The minimum wage is not generous.
People giving up 1800+ hours per year (based on 33 days holiday total) absolutely deserve £25,000.
The worst paid jobs tend to be the sh1t jobs as well like retail, customer service etc. |
How many people do you employ J2?
We pay a lot more than min wage for some staff but the ones that aren't worth that money will be chopped, simple as that.
The costs for the big players will run into billions - so, expect absolutely everything to go up in price massively [Post edited 20 Nov 2024 23:40]
| |
| |
| Good Old Labour increasing the price of everything. on 23:45 - Nov 20 with 2146 views | J2BLUE |
| Good Old Labour increasing the price of everything. on 23:39 - Nov 20 by Lord_Lucan |
How many people do you employ J2?
We pay a lot more than min wage for some staff but the ones that aren't worth that money will be chopped, simple as that.
The costs for the big players will run into billions - so, expect absolutely everything to go up in price massively [Post edited 20 Nov 2024 23:40]
|
Zero.
When people are giving up their time to do a crap job it's just a bit of a stretch to say the current £11.44 an hour minimum is generous. Especially when it's then taxed.
I do feel for businesses and think they should have introduced a wealth tax instead to raise funds. | |
| |
| Good Old Labour increasing the price of everything. on 23:52 - Nov 20 with 2141 views | Lord_Lucan |
| Good Old Labour increasing the price of everything. on 23:45 - Nov 20 by J2BLUE |
Zero.
When people are giving up their time to do a crap job it's just a bit of a stretch to say the current £11.44 an hour minimum is generous. Especially when it's then taxed.
I do feel for businesses and think they should have introduced a wealth tax instead to raise funds. |
Serious question then. What do you think the minimum wage should be?
I really don't think people realise how much their food bills will go up with a minimum wage hike. | |
| |
| Good Old Labour increasing the price of everything. on 00:04 - Nov 21 with 2116 views | J2BLUE |
| Good Old Labour increasing the price of everything. on 23:52 - Nov 20 by Lord_Lucan |
Serious question then. What do you think the minimum wage should be?
I really don't think people realise how much their food bills will go up with a minimum wage hike. |
The people getting the pay increase would still get a net benefit though even if things did go up. It's not for the lowest paid to subsidise everyone else. Thankfully I am not on minimum wage but I feel for those who are. The key workers during covid we promised the world to and then gave them nothing.
I am not sure what the minimum wage should be but 11.44 is not generous.
I think we should have some form of UBI now funded by wealth taxes on the mega rich and some sort of levy on technology so we don't see all the benefits going to companies/shareholders. With the rise of AI coming we are heading for UBI but i'm sure they will fight it for as long as possible. | |
| |
| Good Old Labour increasing the price of everything. on 00:28 - Nov 21 with 2086 views | SWBlue22 |
| Good Old Labour increasing the price of everything. on 13:47 - Nov 20 by factual_blue |
Starmer.
He's going to murder Santa as well. |
Not just pensioners then ? |  | | |
| Good Old Labour increasing the price of everything. on 07:48 - Nov 21 with 1956 views | Zapers |
Sorry but you’re missing the point.
They haven’t increased taxes for the working person 🤣 | | | |
| Good Old Labour increasing the price of everything. on 07:59 - Nov 21 with 1924 views | Zapers |
| Good Old Labour increasing the price of everything. on 23:52 - Nov 20 by Lord_Lucan |
Serious question then. What do you think the minimum wage should be?
I really don't think people realise how much their food bills will go up with a minimum wage hike. |
When I was involved with a medium size company in the UK, any opportunity like this we would take advantage of to increase our prices.
I don’t expect much has changed since then. | | | |
| Good Old Labour increasing the price of everything. on 08:10 - Nov 21 with 1909 views | Churchman |
| Good Old Labour increasing the price of everything. on 00:04 - Nov 21 by J2BLUE |
The people getting the pay increase would still get a net benefit though even if things did go up. It's not for the lowest paid to subsidise everyone else. Thankfully I am not on minimum wage but I feel for those who are. The key workers during covid we promised the world to and then gave them nothing.
I am not sure what the minimum wage should be but 11.44 is not generous.
I think we should have some form of UBI now funded by wealth taxes on the mega rich and some sort of levy on technology so we don't see all the benefits going to companies/shareholders. With the rise of AI coming we are heading for UBI but i'm sure they will fight it for as long as possible. |
Why didn’t they do the obvious and just increase income tax instead of faffing about like this? And employ more tax inspectors to chase those that don’t pay their fair whack - most wealthy people pay on average 10% with a decent Accountant.
All this back door solutions to keep a manifesto ‘promise’ is both hypocritical and self defeating. Lucan’s experience is not the first budget impact like that I’ve heard of. Did the Chancellor really expect employers to just shave a bit of profits to pay for her budget? It was always going to mean more unemployment (additional burden on the state), price rises or for example poorer service (cuts in hours for example when it comes to hospitality.
This impact and risks will have been spelled out to Economist Reeves, but still she sailed on.
Labour have only been in less than 5 months so it’s way too soon to judge them after the last bunch of self serving incompetent scum, but their start hasn’t been great. Hopefully things will improve. |  | | |
| Good Old Labour increasing the price of everything. on 08:22 - Nov 21 with 1903 views | DanTheMan |
| Good Old Labour increasing the price of everything. on 00:04 - Nov 21 by J2BLUE |
The people getting the pay increase would still get a net benefit though even if things did go up. It's not for the lowest paid to subsidise everyone else. Thankfully I am not on minimum wage but I feel for those who are. The key workers during covid we promised the world to and then gave them nothing.
I am not sure what the minimum wage should be but 11.44 is not generous.
I think we should have some form of UBI now funded by wealth taxes on the mega rich and some sort of levy on technology so we don't see all the benefits going to companies/shareholders. With the rise of AI coming we are heading for UBI but i'm sure they will fight it for as long as possible. |
The issue is also that whilst 25k might seem like a lot for minimum wage, it doesn't go all that far.
Taking some rough scenarios, assuming they come out at around £1,700 a year.
The average rent is about £1,200 a month, so if you get lucky and pay around £700, you'll be left with £1,000 for the month.
- If you're running a car that could easily eat up another £250 a month on finance + insurance + fuel, we're down to £750. I'm not going to try and include tax etc. here.
- Assuming a fairly low rate of council tax, that's another £130 a month, we're down to £620.
- Electricity / Gas is another £110 for a 1 bed flat so we're down to £510.
- Onto groceries, we're probably looking at £200 on groceries over a month (if they are very good at shopping) but now we're at £310.
- Water bill is another £30, £290.
- Broadband + TV Licence is another £40, so we're at £250.
- Phone is at the bare minimum £10 a month assuming they don't have to finance a phone, £240.
I think that's about it with the essentials, but that does not leave a lot of room for savings, unexpected things (e.g. car issues, dentistry, clothes), no money spent on doing anything other than staring at the walls when you get home, and it's without getting into things like what happens if they have a kid? That £240 could easily get entirely swallowed up at that point alone.
I get that it's a lot for businesses but something has got to give. [Post edited 21 Nov 2024 12:11]
|  |
| |
| Good Old Labour increasing the price of everything. on 08:26 - Nov 21 with 1880 views | The_Flashing_Smile |
| Good Old Labour increasing the price of everything. on 07:59 - Nov 21 by Zapers |
When I was involved with a medium size company in the UK, any opportunity like this we would take advantage of to increase our prices.
I don’t expect much has changed since then. |
Spoken like a true Tory. |  |
| Trust the process. Trust Phil. |
| |
| Good Old Labour increasing the price of everything. on 09:11 - Nov 21 with 1818 views | Zapers |
| Good Old Labour increasing the price of everything. on 08:26 - Nov 21 by The_Flashing_Smile |
Spoken like a true Tory. |
No, spoken like a businessman.
You see flasher, that's the point of running a business, to make money. | | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
