@BritishGasHelp Can you confirm the difference between the two tariffs? The names imply half price electricity on two differt days, but the descriptions are the exact same.
@BritishGasHelp
Hello, on your tariffs page, you have one called “PeakSave Super SATURDAY” but there is no mention of Saturday in the information section. Only SUNDAY.
What day is the half price electricity?
@grantallen1988@Robert_Palgrave Where you should be bothered with the interest is, in 19 years time, when these loans start getting wiped off, the government will wipe the final total loan value. This will be massive per person. So there will be a massive black hole in budget.
@MartinSLewis@KemiBadenoch Just cut the interest, and take it back to the original loan value adjusted with inflation. Im more than happy to pay the loan value off. Not just excessively more.
@MartinSLewis In 19 years time, when the government starts wiping the debt, what number will be wiped off the books per person, just their initial loan, or the loan with the compound interest applied? (e.g. 27k or potentially 100k+)
How will that affect UK deficit/black hole?
@bradwellcommon@nickprocter27@JagsArthurson Within the first few pages state how much more the average person will pay back.
This was written in 2014, when interest rates were low, so there will be more debt that the government will have to wipe off in the next 20 years.
@MattLismore Agreed. Happy to pay back initial loan value. It helped me get where I am today.
Just don’t want to pay potentially up to 2 or 2.5 times the initial loan value, and not even clear the interest.
@OliDugmore Surley the overall argument is “what’s the total amount you pay back over the 30/40 years?”
If it’s less than the initial loan, then it’s a win.
But the middle/high earners may end up paying back 2-3x the initial loan. Whilst the loan amount increases due to interest.
@MartinSLewis Unfortunatley, the only thing that hasn’t risen, Is the student loans repayment threshold, which could help slightly to alleviate some of the inflation effects on young earners.