Quizzes & Puzzles3 mins ago
Sunak Spends 15 Billion On Helping Cost Of Living Crisis
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Whilst it’s a huge help , how will ‘they establish ’ who’s poor and who’s not for the extra £650 as well as the £400 per household?
Would that be for those on benefits?
Whilst it’s a huge help , how will ‘they establish ’ who’s poor and who’s not for the extra £650 as well as the £400 per household?
Would that be for those on benefits?
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//It beggars belief how much profit companies like BP make and the lame excuse from them is they need it to invest//
No it doesnt, its a World market that works on supply and demand. Part of the market has been shut off so supply is short and prices go up. Admittedly they seem slow to reduce but at the minute its like a fiddlers elbow.
As for invest, have you any idea how much it costs to find and extract oil? Its no longer just scraping it up from the ground.
If Johnson had allowed them to invest and expand (as oil companies wanted to) then maybe we would not be in the mess we are in as they could have opened the taps another 1/4 turn to make up the shortfall. Or some of it.
Personally I really dont think this is a good idea. Future companies could well be put off investing in the UK.
No it doesnt, its a World market that works on supply and demand. Part of the market has been shut off so supply is short and prices go up. Admittedly they seem slow to reduce but at the minute its like a fiddlers elbow.
As for invest, have you any idea how much it costs to find and extract oil? Its no longer just scraping it up from the ground.
If Johnson had allowed them to invest and expand (as oil companies wanted to) then maybe we would not be in the mess we are in as they could have opened the taps another 1/4 turn to make up the shortfall. Or some of it.
Personally I really dont think this is a good idea. Future companies could well be put off investing in the UK.
Pasta, those on pension credit also get a host of other benefits automatically, such as council tax benefit, housing benefit for renters, help with dental costs and spectacles plus transport costs for hospital appointments - and cold weather payments.
Those that get even 50p above the cut off point lose out on hundreds of pounds every year.
Those that get even 50p above the cut off point lose out on hundreds of pounds every year.
From the BBC
A £650 payment will be made to more than eight million low-income households who receive Universal Credit, tax credits, pension credit and other means-tested benefits.
This will be an automatic payment into bank accounts. It comes in two instalments - the first in July and the second sometime this autumn. Payments for those on tax credits only will follow shortly afterwards.
Those on disability benefits will receive £150 in September, which may be on top of the £650 payment.
Households that receive the Winter Fuel Payment - which is homes with at least one person of pension age - will receive an extra £300 in November or December.
Those on lower incomes, who claim pension credit, will also receive the £650 mentioned earlier.
A small group of pensioners with disabilities will receive a total of £1,500 when all the new payments and discounts they are eligible for are added up.
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A £650 payment will be made to more than eight million low-income households who receive Universal Credit, tax credits, pension credit and other means-tested benefits.
This will be an automatic payment into bank accounts. It comes in two instalments - the first in July and the second sometime this autumn. Payments for those on tax credits only will follow shortly afterwards.
Those on disability benefits will receive £150 in September, which may be on top of the £650 payment.
Households that receive the Winter Fuel Payment - which is homes with at least one person of pension age - will receive an extra £300 in November or December.
Those on lower incomes, who claim pension credit, will also receive the £650 mentioned earlier.
A small group of pensioners with disabilities will receive a total of £1,500 when all the new payments and discounts they are eligible for are added up.
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Re 'how do we get this', those who are able can pop down to their local magic money tree plantation and simply help themselves. Everybody else will have a grovelling public servant deliver a cheque personally.
Lucky recipients may even get a glass of wine from the PM as he tours the land for business, not pleasure.
Lucky recipients may even get a glass of wine from the PM as he tours the land for business, not pleasure.
This is an absolutely stupid idea all round. One of the reasons that inflation has finally hit the fan is because the government has been continually printing worthless money. To spend this £15bn it will have to be borrowed. Interest rates will go up over the next few months (they should have already done so - considerably - by now) and would have done so if the Bank of England had done its job properly. So the £15bn the government will borrow to fund this will cost an ever increasing amount to service.
The idea that it will be funded by a windfall tax is fanciful, and even if it is, what will happen next year? Another windfall tax and another £15bn handout? And the year after that?
The country needs energy suppliers to invest in reliable energy sources that are not subject to the wind blowing, the sun shining, or no foreign despots invading other nations. The UK is sitting on coal, it's sitting on gas. If the government has £15bn to spare it should spend it opening a few coalmines, recommissioning some coal-fired power stations (including stopping Drax burning imported wood) and to open up the shale gas industry. The old adage applies - give a man a fish and you feed him for a day; teach a man to fish and you feed him for life. So it is with this: give everybody £400 (or whatever sum has been plucked from thin air) and you help with the gas bills for a year; provide them with reliable energy sources under our own control and you won't have to give anybody anything.
The idea that it will be funded by a windfall tax is fanciful, and even if it is, what will happen next year? Another windfall tax and another £15bn handout? And the year after that?
The country needs energy suppliers to invest in reliable energy sources that are not subject to the wind blowing, the sun shining, or no foreign despots invading other nations. The UK is sitting on coal, it's sitting on gas. If the government has £15bn to spare it should spend it opening a few coalmines, recommissioning some coal-fired power stations (including stopping Drax burning imported wood) and to open up the shale gas industry. The old adage applies - give a man a fish and you feed him for a day; teach a man to fish and you feed him for life. So it is with this: give everybody £400 (or whatever sum has been plucked from thin air) and you help with the gas bills for a year; provide them with reliable energy sources under our own control and you won't have to give anybody anything.
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