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Put away your purse & become debt-averse

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  • foxgloves
    foxgloves Posts: 12,615 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    An energy business-based query from me too, @2Scratters. If our bills are increasing by crazy amounts because the energy companies are passing the wholesale price rises onto us (which they are), why are they making record profits because of the rises. If we are absorbing the wholesale energy rises, why are their profits not very similar to say, this time last year? From whence the additional profit? 
    I have been smelling a large rodent for a while.
    F
    2025's challenges: 1) To fill our 10 Savings Pots to their healthiest level ever
    2) To read 100 books (36/100) 3) The Shrinking of Foxgloves 6.8kg/30kg

    "Life can only be understood backwards but it must be lived forwards" (Soren Kirkegaard 1813-55)
  • ladyholly
    ladyholly Posts: 3,949 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Not relevant to utility bills but what no one has mentioned with regard to fuel prices is that although duty has been reduced by a whole 5p per litre the treasury is still gaining £££s as the VAT (as far as i can see ) is charged on the entire amounti.e. fuel plus duty. Therefore petrol and diesel users are paying tax on a tax. Correct me if I m wrong. If I am correct then the reduction in duty is more than covered by the increase amount of VAT.
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