October 22 price cap announcement

Mstty

I suspect help will be limited for October to Jan but something bigger for Jan and onwards could be announced.

However Truss has so far said better to spend on the future that fill peoples pockets now.

Short term pain for long term gain

GingerTim

Irratus_Rusticus said:

MattMattMattUK said:

Thatcher would take a very different approach to that of Truss, her Chancellor, her children, pretty much everyone who worked with her has said so. Indeed several of those people have heavily hinted that they do not think Truss is connected to reality, or fit for office. 

I supposed it will be great to have another "Worst Prime Minister we have ever had" in a row though...

 The Poll Tax went down well as I recall. Peace and harmony in the realm. Ms Truss is rather a worry. Still, we survived Boris. Let her nowhere near a tank again, please.

Truss is profoundly stupid, and ergo dangerous. She's done well to make Sunak, of all people, look like a sensible moderate!

MattMattMattUK

Mstty said:

I suspect help will be limited for October to Jan but something bigger for Jan and onwards could be announced.

However Truss has so far said better to spend on the future that fill peoples pockets now.

Short term pain for long term gain

Generally I agree, however I think that Truss has plans for three separate groups, one gets long term pain (the middle classes) one gets long term gain (Conservative members/supporters/donors) and the third (low earners) gets some subsidy from the middle classes. 

njm123

MattMattMattUK said:

Mstty said:

I suspect help will be limited for October to Jan but something bigger for Jan and onwards could be announced.

However Truss has so far said better to spend on the future that fill peoples pockets now.

Short term pain for long term gain

Generally I agree, however I think that Truss has plans for three separate groups, one gets long term pain (the middle classes) one gets long term gain (Conservative members/supporters/donors) and the third (low earners) gets some subsidy from the middle classes. 

Agreed she's got the zeal of the convert on her political journey (Socialist Parents -> Liberal -> self made tory).    She's made the journey and thinks it's the right one for everyone else, so the message become join us and prosper or it's your fault you're struggling.   With the caveat of throwing a few crumbs to those who society/"the press" kicks off about if they are seen to suffer.

Marvel1

The more I think of it's the way I'm going is heating 30 mins in morning only, the rest of time at home is oodies and blankets.

jimjames

Vegastare said:

Why can't we look after our own by keeping what we have from our land and sea.  Why does this go at world market pricing.

If you could sell your car for £2000 to the government or £5000 to someone else which would you do?

tpeppers

The_Green_Hornet said:

Correct me if I'm wrong, but everyone had the opportunity to fix their prices much lower than this earlier in the year 

The question is why did the majority just sit on their hands and do nothing?

Was it because of the poor advice given out by the likes of Martin Lewis and other influencers?

Don't forget that Cornwall Insights and the like were dishing out predictions that, in hindsight, are now wildly off the mark.  

I made a spreadsheet based on these predictions and calculated that it was better for me to stay on my cheap fix (at the time) and move on to SVT than to take up a more expensive fix early. 

Unless the government does something to cap bills, my decision to not fix will have cost me several thousand pounds. But I made that decision based on the best available evidence at the time - I didn't just "sit on my hands and do nothing", and I think a lot of people will have done the same. 

Section62

tghe-retford said:

This won't be fixed with some insulation. Or turning the thermostat down. Or putting on extra layers. And yet there is no appetite for anything other than scalding domestic energy consumers for using energy.

If they are scalding then turning the hot water thermostat down would definitely be the right thing to do.

pochase

tpeppers said:

The_Green_Hornet said:

Correct me if I'm wrong, but everyone had the opportunity to fix their prices much lower than this earlier in the year 

The question is why did the majority just sit on their hands and do nothing?

Was it because of the poor advice given out by the likes of Martin Lewis and other influencers?

Don't forget that Cornwall Insights and the like were dishing out predictions that, in hindsight, are now wildly off the mark.  

I made a spreadsheet based on these predictions and calculated that it was better for me to stay on my cheap fix (at the time) and move on to SVT than to take up a more expensive fix early. 

Unless the government does something to cap bills, my decision to not fix will have cost me several thousand pounds. But I made that decision based on the best available evidence at the time - I didn't just "sit on my hands and do nothing", and I think a lot of people will have done the same. 

What do you expect from a prediction, that is based it on the information available up to that day.

Until the end of the review period it is a moving target. Crystal balls that show you the development of tomorrows market, not to talk of the market in 2 months are in demand.

The nearer to the end of the review period they got the less market changes influenced the prediction and the better it got. And the predictions only went in one direction, upwards.

The_Green_Hornet

pochase said:

tpeppers said:

The_Green_Hornet said:

Correct me if I'm wrong, but everyone had the opportunity to fix their prices much lower than this earlier in the year 

The question is why did the majority just sit on their hands and do nothing?

Was it because of the poor advice given out by the likes of Martin Lewis and other influencers?

Don't forget that Cornwall Insights and the like were dishing out predictions that, in hindsight, are now wildly off the mark.  

I made a spreadsheet based on these predictions and calculated that it was better for me to stay on my cheap fix (at the time) and move on to SVT than to take up a more expensive fix early. 

Unless the government does something to cap bills, my decision to not fix will have cost me several thousand pounds. But I made that decision based on the best available evidence at the time - I didn't just "sit on my hands and do nothing", and I think a lot of people will have done the same. 

What do you expect from a prediction, that is based it on the information available up to that day.

Until the end of the review period it is a moving target. Crystal balls that show you the development of tomorrows market, not to talk of the market in 2 months are in demand.

The nearer to the end of the review period they got the less market changes influenced the prediction and the better it got. And the predictions only went in one direction, upwards.

Which is really the key point in all of this.