mike

[Martin Lewis @MartinSLewis]

News. Govt is to cut VAT on electricity bills for 6mths from 1 October. This will reduce bills by 4.8%. It says it is a £45 cut on a typical bill. It should come off all bills (inc fixes)

This is a good totemic step and very welcomed. Yet in practice people won't feel much benefit.

The energy Price Cap on 1 October for elec & gas is currently predicted to rise 3.1% which on typical bills is over £50 on an annualised basis (and that's likely to be in the right ballpark as we're a decent way through the analysis period).

So the VAT cut gain over 6mths is mostly eaten up by that. Especially as the prediction is a further rise in January (though that is far more crystal ball gazing)

Another way to put it in context of what "4.8%" means. Ten days ago the cheapest fix was 14% less than the Price Cap, now it is 8% less as wholesale rates have jumped due to the middle east conflict.

Ultimately though it does mean people will pay less than they would've done without this. Yet it is going to need a lot more policy cost reductions, likely at the budget, for things to feel materially cheaper.

PS I should also note the move to focus on electricity prices is logical. It has been strange that govt policy has been to move people away from gas, yet we've seen the gas price get relatively cheaper compared to electricity. This reverses some of that.

[mike @michaelburge86]

https://t.co/4jXrpoJKAl

[mike @michaelburge86]

@SouthBenUtdSL @SouthendSunday @SceptreLeague21 I have a team looking for a game. Drop me an inbox with your number. Thanks

[mike @michaelburge86]

@LPRovers @MaltbySocialres You still want a game sunday

[mike @michaelburge86]

@LPRovers @FRIENDLYGAMEUK @SceptreLeague21 Are you still looking for a fixture?

[mike @michaelburge86]

@CinociFc @RainhamRes @EssexCorinthian @BrentwoodSunLge @ThurrockASL Hi pal, ypu still looking for a fixture

[mike @michaelburge86]

@RainhamRes @EssexCorinthian @BrentwoodSunLge @ThurrockASL I have a pitch 10.30ko in Wickford with ref available

[mike @michaelburge86]

@broadwayath @FRIENDLYGAMEUK @EssexAllianceFL I know a team looking for an opponent in Wickford. If your interested

[mike @michaelburge86]

@BillericayAFC @fffinderuk Hi mate, we're interested in a friendly. Do you pitches available?

[mike @michaelburge86]

@fffinderuk any team looking for a friendly this Sunday. Pitch confirmed for 10.30ko in southend.

[mike @michaelburge86]

@RefNeeda 13th 10.30am Southend-on-Sea SS1 2XB

[mike @michaelburge86]

@RefNeeda looking for a ref for 10.30ko I'm southend please

[mike @michaelburge86]

@Pezza17New looking for a ref

[mike @michaelburge86]

@FindAReferee any referee available for a 10.30 ko Sunday in southend

[mike @michaelburge86]

@jp8_fc @fffinderuk @EssexCorinthian @LeagueBrentwood @ESFCombination Hi mate, you still need a friendly next week?

[mike @michaelburge86]

@Makden591 @jp8_fc @fffinderuk I'm looking for a friendly for next Sunday, anyone available?

[mike @michaelburge86]

@PeterCl70135826 @fffinderuk Are you looking for anymore friendlies

[mike @michaelburge86]

@OChelmsfordians @fffinderuk @essexfootie @EssexFootyScout Are you looking for any more friendlies

[mike @michaelburge86]

@official_scfc Are you looking for any friendlies

[mike @michaelburge86]

@micky16004251 @fffinderuk @FRIENDLYGAMEUK @EssexAllianceFL @EssexSenior @eofl Are you still looking for any friendlies?