What's your Next Moves on Gas and Electricity Bills?

bery_451

Ultrasonic said:

bery_451 said:

What's Ironic is where will the government get all this money to give £400 each to all the houses in the UK? Through taxpayers who cant pay tax because they have been laid off during a recession or will the Govt. go to the Bank of England Money Printers to print all of this money causing even more Higher Inflation that results in more Higher Gas & Electricity Prices! 

The government a) no doubt feel they have no choice but to offer help right now given so many people are in no reasonable position to manage the situation entirely on their own, and b) are hoping this will be a short term problem such that the debt can essentially be paid off over a number of years.

Which is not to say that I think giving £400 to every energy account holder is an efficient use of government money but there are thankfully significant amounts of more targeted help as well.

The Governments has helped with the Bail outs and stay at home no work Furloughs when the Covid Pandemic started 2 years ago. Heck then even helped with eat out to help out half price, all that money printing caused all the high prices inflation we see today. Inflation affects the middle class to poor not the Rich!

So at the end the poor and middle class if the middle class still exists have to pay back all that money printing through inflation which is like a hidden tax!

Ultrasonic

bery_451 said:

Ultrasonic said:

bery_451 said:

What's Ironic is where will the government get all this money to give £400 each to all the houses in the UK? Through taxpayers who cant pay tax because they have been laid off during a recession or will the Govt. go to the Bank of England Money Printers to print all of this money causing even more Higher Inflation that results in more Higher Gas & Electricity Prices! 

The government a) no doubt feel they have no choice but to offer help right now given so many people are in no reasonable position to manage the situation entirely on their own, and b) are hoping this will be a short term problem such that the debt can essentially be paid off over a number of years.

Which is not to say that I think giving £400 to every energy account holder is an efficient use of government money but there are thankfully significant amounts of more targeted help as well.

The Governments has helped with the Bail outs and stay at home no work Furloughs when the Covid Pandemic started 2 years ago. Heck then even helped with eat out to help out half price, all that money printing caused all the high prices inflation we see today. Inflation affects the middle class to poor not the Rich!

So at the end the poor and middle class if the middle class still exists have to pay back all that money printing through inflation which is like a hidden tax!

I'm not quite sure what your point is?

Everyone is affected by inflation, including the rich, and the government is throwing huge amounts of money at widespread support just as it did during the pandemic.

Alnat1

A huge part of the high inflation is caused by rising fuel costs and affects everyone.

How would you solve that worldwide issue if you were PM/Chancellor?

Ultrasonic

Alnat1 said:

A huge part of the high inflation is caused by rising fuel costs and affects everyone.

How would you solve that worldwide issue if you were PM/Chancellor?

Were you asking @bery_451? I'm certainly not pretending to have any magic solutions!

My main thought is that more people need to accept that living standards need to drop, rather than for example expecting inflation matching pay-rises.

Alnat1

yeah was to bery, I know you'd have already sorted it if you were Chancellor Ultra 

Ultrasonic

Alnat1 said:

yeah was to bery, I know you'd have already sorted it if you were Chancellor Ultra 

 I've got enough trouble trying to deal with the more limited responsibilities of my current job! 

bery_451

Alnat1 said:

A huge part of the high inflation is caused by rising fuel costs and affects everyone.

How would you solve that worldwide issue if you were PM/Chancellor?

Inflation means Inflating the Money Supply. In Basic economics 101 when there is more of something it is worth less. When the bank of England prints a lot of money from their money printers it 'inflates' the money supply, more cash chasing goods and services thus increasing prices resulting in inflation.

Heck if if I tried to print money or counterfeit myself I be thrown in jail yet the bank of england has the license to print free nilly of it as much as they please at the expensive of affecting the poor, who's wages do not go up with inflation. The rich can afford at whatever inflated prices. A 4% nhs pay rise by the govt. is a insult to NHS Heroes when the inflation rate is much higher than that.

Alnat1

Are you an NHS worker bery?

Ultrasonic

bery_451 said:

A 4% nhs pay rise by the govt. is a insult to NHS Heroes when the inflation rate is much higher than that.

The government have said 3% is all they can afford (not true) but the pay review body has yet to make a recommendation (for England, Wales and Northern Ireland). Not sure where you've got 4% from?

(I do work for the NHS.)

Alnat1

Me too Ultra.