Friday 18 July 2008

"Gas bills to top £1,000 a year"

... says the man from Centrica.

"Price of gas to rise", say the men who set the price of gas.

When you've finished laughing, you have to see this in the context of my previous post - expectations of price rises are self-fulfilling, as are expectations of price falls.

And what's this 'fuel poverty' crapola all about? For a start, they could scrap VAT on domestic fuel (once we've left the EU) and they can forget all about this nonsense about sticking extra taxes on it to pay for windmills. Handing out 'fuel vouchers'? Isn't that a subsidy that will increase demand, hence prices, and hence have the effect of dragging those people who don't qualify for the vouchers (i.e. people who saved up for their retirement) into 'fuel poverty'?

3 comments:

Henry North London 2.0 said...

Depends on how you use it

I do visit but its finding the time on the net...

I admit I have been distracted with other things,,,,

Mark Wadsworth said...

"Other things"? There's no shame in getting a well paid job!

Henry North London 2.0 said...

I guess but it is only temporary work

and Im on holiday at present ( unpaid) and its expensive to live again aaaaah...