£350 coming from the government, is the fixing worthless now?

zagfles

jimjames said:

emmajones1976 said:

Andrea15 said:

OK, make me understand, is the £200 money in the bank for you to spend as you see fit or money taken out of the bill? In other words, I assumed that the bills would be discounted at source, unless you are with fix rate. Did I misunderstand it?

I assume it will be a £200 credit applied to peoples accounts. Everyones accounts. Regardless of what rate you are currently on.

And also not until October if I read it right. Not much help for those struggling now!

It's then it'll be most needed - prices now are covered by the current cap, when the cap rises in April we'll be well into spring when bills start reducing anyway due to less heating used, it's a winter season with high prices that'll cause problems.

The_Green_Hornet

The £200 is nothing more than a tax free loan which will be credited to everyone's electricity account in October 2022, which will be paid back through every one's electricity bills in five £40 annual instalments from 2023.

It is not a discount. It is not a bailout. It a state loan.

emmajones1976

My only question would be this is £100 per fuel? What about if you are electric only?

GingerTim

As far as I can see, the £200 loan only applies to electricity (presumably on the basis that everyone uses it, but not everyone uses gas).

Shedman

Any one seen whether the £150 council tax rebate is the same whether or not someone is already getting the single person 25% discount or is it also reduced by 25%?

pearl123

The_Green_Hornet said:

The £200 is nothing more than a tax free loan which will be credited to everyone's electricity account in October 2022, which will be paid back through every one's electricity bills in five £40 annual instalments from 2023.

It is not a discount. It is not a bailout. It a state loan.

I think there needs to be a petition to demand that more is done. A reduction of VAT on fuel is needed. 

MWT

Shedman said:

Any one seen whether the £150 council tax rebate is the same whether or not someone is already getting the single person 25% discount or is it also reduced by 25%?

The question was asked in the House  and the answer given was that the full £150 would still be given.

MattMattMattUK

The_Green_Hornet said:

The £200 is nothing more than a tax free loan which will be credited to everyone's electricity account in October 2022, which will be paid back through every one's electricity bills in five £40 annual instalments from 2023.

It is not a discount. It is not a bailout. It a state loan.

And it is a loan that very few people want. 

MWT

GingerTim said:

As far as I can see, the £200 loan only applies to electricity (presumably on the basis that everyone uses it, but not everyone uses gas).

Yes, it was confirmed in the House that the £200 would be delivered via electricity bills in all cases. 

MattMattMattUK

pearl123 said:

The_Green_Hornet said:

The £200 is nothing more than a tax free loan which will be credited to everyone's electricity account in October 2022, which will be paid back through every one's electricity bills in five £40 annual instalments from 2023.

It is not a discount. It is not a bailout. It a state loan.

I think there needs to be a petition to demand that more is done. A reduction of VAT on fuel is needed. 

I and most sensible people would rather less is done, a £200 loan now, to have to pay it back is no good to anyone and any "discount" would be funded by a combination of borrowing and taxes, leading to higher taxes in the future. The best solution would be to do nothing at all.