Maybe its just me but I’m not holding out much hope for that.
Gonna be about as good a plan as defending the Alamo with 150 men when faced with 5000.
This idea of use now pay later. How would that even work, it sounds like Sunak’s original plan.
If you die you’ll never pay it back; two people who live together and then stop living together, who pays the elevated cost in future if it is tied to one of them?
If the individual cost of consumption does not follow the individual but ends up being “everyone pays more in future” then there is a moral hazard that no individual will be directly responsible for paying back what they use, they may as well use more and then the government’s costs spiral
According to an episode of Yes, Minister, “seriously considering” is code for “we’ve lost the file” and “active consideration” means they’re looking for it.
Sounds like it’s not meant to make it easier for the people and lift the weight off them, it’s designed to make it less hard for energy companies to collect their money and ensure they get it eventually (no matter how stupidly high). Not quite the same thing.
So if we cant pay we just go further into debt instead of OFGEM actually pulling their finger out and ensuring a ‘price cap’ is actually a cap?
So they loan 100b, and we pay back the loan plus the accrued interest over 20 years, yeah, no.
“The so-called deficit fund would be repaid through bills over the next 20 or so years”
Repaid by everyone is I assume the important missing information there.
“dealing with the issue in the short term, in the short to medium term”
20years isn’t short or medium term.
It’s a great way to fuck the poor forever, so I’m sure the Tories will get on board. It even has the added bonus of not affecting most of their voter base that much because they’ll be dead.
If the government are paying for it, then it should be paid back with taxes.
So 100bn for energy companies, and perpetual serfdom for us.
No thanks.
So the Tories are considering adding an extra line item to everyone’s energy bills, to remind everyone of the abject failures of their energy policy, for the next TWENTY YEARS?
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Maybe its just me but I’m not holding out much hope for that.
Gonna be about as good a plan as defending the Alamo with 150 men when faced with 5000.
This idea of use now pay later. How would that even work, it sounds like Sunak’s original plan.
If you die you’ll never pay it back; two people who live together and then stop living together, who pays the elevated cost in future if it is tied to one of them?
If the individual cost of consumption does not follow the individual but ends up being “everyone pays more in future” then there is a moral hazard that no individual will be directly responsible for paying back what they use, they may as well use more and then the government’s costs spiral
According to an episode of Yes, Minister, “seriously considering” is code for “we’ve lost the file” and “active consideration” means they’re looking for it.
Sounds like it’s not meant to make it easier for the people and lift the weight off them, it’s designed to make it less hard for energy companies to collect their money and ensure they get it eventually (no matter how stupidly high). Not quite the same thing.
So if we cant pay we just go further into debt instead of OFGEM actually pulling their finger out and ensuring a ‘price cap’ is actually a cap?
Ridiculous.
https://dontpay.uk
So they loan 100b, and we pay back the loan plus the accrued interest over 20 years, yeah, no.
“The so-called deficit fund would be repaid through bills over the next 20 or so years”
Repaid by everyone is I assume the important missing information there.
“dealing with the issue in the short term, in the short to medium term”
20years isn’t short or medium term.
It’s a great way to fuck the poor forever, so I’m sure the Tories will get on board. It even has the added bonus of not affecting most of their voter base that much because they’ll be dead.
If the government are paying for it, then it should be paid back with taxes.
So 100bn for energy companies, and perpetual serfdom for us.
No thanks.
So the Tories are considering adding an extra line item to everyone’s energy bills, to remind everyone of the abject failures of their energy policy, for the next TWENTY YEARS?
Sign me up to 20 years of electoral wilderness!