I Don't Want Government £200 Energy Loan

Dakota_2

I don't want the government interfering in my financial affairs period. Whose to say that when they claw it back energy prices have risen even higher so you get £40 added to an even more astronomical energy bill? Thanks but no thanks.

TadleyBaggie

Then your only choice is to completely disconnect from the electric and gas network by October. Good luck with that.

GingerTim

See Martin's explainer at https://forums.moneysavingexpert.com/discussion/comment/78960376/#Comment_78960376

You'll be having it and repaying it, just like everyone else in the country.

maisie_cat

I suspect that if Rishi had instead said that the Government was going to loan the energy companies an amount linked to the number of customers they have people would not be getting so exercised by it.
If you don't want it, do what Tadley says.

The_Green_Hornet

Socialism doesn't work if you allow people to opt out. Everyone has to suffer.

mr_stripey

Dakota_2 said:

I don't want the government interfering in my financial affairs period. Whose to say that when they claw it back energy prices have risen even higher so you get £40 added to an even more astronomical energy bill? Thanks but no thanks.

if this is all you have to worry about then you're doing ok

JustAnotherSaver

Saw his video on TikTok the other day. 

I don't particularly want it but 200 in, 200 out. 
Feel sorry for those he mentioned who don't yet pay bills who will have to 'pay it back' regardless when they get their own place after the 200 is 'given' - so effectively paying back a loan they never had. Ouch. 

EssexHebridean

Dakota_2 said:

I don't want the government interfering in my financial affairs period. Whose to say that when they claw it back energy prices have risen even higher so you get £40 added to an even more astronomical energy bill? Thanks but no thanks.

That's fine then as the government won't be interfering in your financial affairs (any more than they already do, obviously).

Best suggestion I can give is that when the £200 hits your energy account you transfer the same sum to a charity of your choice, thus removing the filthy lucre from your own environs. You'll still have to pay the levy when it hits the following year and the years thereafter but you can view that (correctly) as the cost of assisting those in more need than yourself - what a lovely unselfish approach to take THAT would be! Double the warm fuzzy glow of simply accepting that it's what needs to happen and living with it, like most other sensible beings are doing... 

Astria

It's been rumored that some energy companies will allow you opt out of having the £200, but you'll still have the £40/year added to your bills, just like everyone else.

maisie_cat

JustAnotherSaver said:

Saw his video on TikTok the other day. 

I don't particularly want it but 200 in, 200 out. 
Feel sorry for those he mentioned who don't yet pay bills who will have to 'pay it back' regardless when they get their own place after the 200 is 'given' - so effectively paying back a loan they never had. Ouch. 

Such is life, in all things there are those that give but don't get to take, those that take and don't get to give, and most people who give and take.

EssexHebridean

And on the flip side - what about the people currently living on their own who subsequently (after March 2023) move in with a partner - they will have gained 2 x £200 and only be paying back 1? Or those currently living alone in a bedsit who move to a house-share with others? Or those who die and won't have anything reclaimed from their estates? Or those who move into a care facility and never have to pay back the £200 because they no longer have an energy account...  Roundabouts and swings...