Work @Salesforce Married to @AmyJHPhillips 2 sons, 2 cats, 1 poodle. Enjoy: biz/tech/web/remote work/fitness/rowing/strength/fasting. All my own views.
@LGB_1962@andyburnham Your maths is off, but your point is valid. E.g. if someone’s rates go up ~50% from £5k to £7.5k, then they get a 20% reduction on the £7.5k, that takes them back down to £6k. Overall increase therefore is “only” +20% total.
@andyburnham Hi @andyburnham we own a bookshop and our rates have trebled since 2024. Please help other businesses not just pubs! Literacy is more important than alcohol surely?
@g__j@OctopusEnergy Until we decouple electricity pricing from the gas prices, we will keep getting screwed. Cosy tariff obviously helps heat pump users but it’s a sticking plaster concealing the fact that the pricing system
Is fundamentally broken.
@torquespeak@g__j@OctopusEnergy The 20% is probably people with insufficient insulation, presumably too difficult/costly to retrofit. Unfortunately a huge amount of our housing stock fits that profile in the UK. The other big reason why they don’t save more money and become the norm is how we set elec prices!
@g__j Fair point - but if we want to consider end use of fossil fuels we also have to think about the (estimated) hundreds of millions of people in China that still burn coal, biomass directly just for day to day heating and cooking. We aren’t doing that in the West.
@elonmusk Why don’t you look at incarceration rates by country before accusing others of police state behaviour? 1 person in 200 in the USA is in prison!
@elonmusk But it’s not 2023 is it? So the operable term is “was”. Price per MWH is a quarter of this now. You think you can just spew rhetoric that suits a narrative you’re pushing. Check your facts.
@sebastiansalek NMW increases are important, but I think these increases are too high and will be inflation drivers and suppress job growth. This feeds into higher cost of living and contributes to interest rates needing to be kept high. Mistake.
@sebastiansalek However: Business rates will more than double next year for a huge number of small businesses due to drop in support level for Hosp, Retail, Leisure.
@MartinSLewis I foresee inflation ticking up and interest rates staying stubbornly high thanks to the decisions today. Especially NMW hikes far in excess of inflation and lack of business support
@ELPinchbeck We insulated under the floor of our C.1910 Edwardian home. Huge difference to gas consumption and heat levels including fast warmup and slower cooldown times. Cost <£5 per square metre professionally installed.
@robertjwhitney @ELPinchbeck Heat pump with a poorly insulated home is terrible advice tbh. People think they are the silver bullet but they really aren’t. Insulation is.
@OctopusEnergy Great gesture - but why does a private company end up supporting the needy instead of the state? This government absolutely stinks and they should be ashamed of themselves for this action.