Would’ve been great if they had decided this earlier..
Also: how the fuck is a windfall tax not in the public interest?
It’s all just a big joke to these cunts isnt. Sitting laughing away at eachtother. Cunts.
Why the fuck are they STILL continuing to talk about energy bills in the context of average spending. It’s fucking stupidity
I’m guessing that’s not LITERAL capped. People can still spank it and spend over that on gas and electricity?
Short term solution creating a bigger long term problem for the tax payer and a big win win for energy companies
[deleted]
Still not good enough really. Still should be cheaper, but at least it won’t go past £2500 for years…maybe
So instead of getting her energy firm friends to stop putting prices up, the government are borrowing money to foot the bill in which the tax payer will eventually have to pay out of their pockets? How does this help anyone?
It looks like people that opted for a fixed price deal recently are going to be left to fend for themselves.
With all the “April cap to be £99999999” headlines we’ve seen it would have been a reasonable choice, but now seems to be a costly mistake.
Screwing future generations to ensure short term profits for business. The Tory manifesto.
Does anyone know the electricity unit price at the capped rate?????
Still reprehensible and people should still take to the streets on October 1st, another Tory scapegoat. More methods to gouge the public, and then we still have to foot the bill.
You know you going to get random person commenting here trying to explain why this is a better option than a Windfall tax.
Watch as dividends increase, bonuses for everyone, bungs and ‘consultant positions for MP’s…. But fuck all extra investment in jobs, infrastructure or renewables from the likes of shell, bp etc.
….. Because cunts
We’ll all still be getting the £400 energy rebate from October right?
Just a reminder that the price point in this cap is still going to be horrific for the lower earners in society. Many of whom will still legitimately need to pick between heating and eating.
But they won’t vote blue anyway. Charles and Winifred in their 5 bed £1.2m detached suburban house in Surrey who have voted Tory all their lives will certainly be hip hip hurrahing though. To them they will clap Maggie 2.0 like seals and this is a solved problem.
And as always, Charles and Winifred (and anyone richer than them) are all that matters when it comes to policymaking. This has been made more than a wee bit clear in the last 12 years.
Edit: Thanks so much for the reddit monies <3
Does anybody know what this converts to as prices per kWh?
So bills still more than double than what they were a year ago leaving millions in fuel poverty.
And funded by us – taxpayers – but deferring costs for 2 years, by which time she will no longer be in power, but her donors will make extortionate profits, currently upwards of £170billion in excess profits. And leaving Labour to somehow clean up 14 years of Tory corruption and fraud.
Thanks for that Tory voters. You fcked yourselves and the rest of us.
And how much are the profits of the energy companies capped at?
Where’s the money coming from Liz? If it’s not public money? Liz?
Liz, you great big thicko.
Tories don’t expect to win any upcoming elections so best they create a shit show now for the next (presumably) labour government to clean up which they can then use as a stick to beat labour with when the next election rolls around.
Twas ever this.
From Rees-Mogg’s statement: “HM Government will also support all business, charities and public sector organisations with their energy costs this winter, offering an equivalent guarantee for six months.”
So, a lot of business still likely to be driven into the ground in the long term…unless all these trickle down economics mean that I’ll be able to magically afford £15 for a pint or £10 for a sausage roll in a few months.
That’s just what they deem as safe enough to avoid mass protests and riots. It’s a cap for them really.
The problem with conservatism is that you eventually run out of other people’s money
Of course this £100billion package repayment is all getting passed on to us! All while the energy companies profit to the tune of £170Billion! fucking over this shithole corrupt country, like what even is the point anymore they see us as chewing gum on their shoe while we STRUGGLE, sick of it.
Double what I was paying about 6 months ago and presented as a good deal. Plus my taxes will rise too. Excellent.
150bn from future households to billionaires and shareholders who will be reporting a 172bn profit.
A fucking large transfer of wealth when we could have just took their profits with a windfall tax.
Letting the energy companies win by saying they’re allowed to charge all this extra, make all those profits and not get taxed for it. Then making us pay for it anyway.
Fuck the Tories. I don’t understand how anyone can support this move.
Remember, tory means thief.
This is hugely frustrating.
I fitted insulated plasterboard to all my (1950s built, cavity insulated) external walls as part of my DIY renovation, and added insulation above my downstairs ceilings and in the loft. It’s made a significant difference. Oversized all my new radiators too in anticipation of fitting a heat pump when they’re a reasonable price – couldn’t justify spending what would be close to £15k for a heat pump when I could have a top-spec Vailant Combi fitted for less than £2.5k.
For the cost of this, we could go on a huge insulation installation bender around the country and/or subsidise the installation of solar panels/batteries/heat pumps with higher cut-offs on means testing.
Very disappointing.
So give taxpayer money to oil and gas producers while capping the profits of renewables? Yeah sounds like Tory policy.
This is a huge scam to transfer £150 billion of taxpayers money into an already vastly profitable cartel that doesn’t need it. The EU countries are discussing a windfall tax on the energy cartels, hence Brexit to allow this corruption to flourish here.
It’s nothing we’ll be in debt for two decades to pay it off! I’m gonna leave fuck the UK debt for life, eroded rights. Banning striking fuck the tories!
So we finally have the details on the plan to limit energy prices and I can’t think easily think of a worse approach.
• Completely funded by borrowing, so we’ll be paying back at inflated rates over many years. Effectively a stealth tax.
• There is no real incentive for people who can afford the per-unit cap to limit their energy usage or invest in more efficient heating or insulation, which is all part of the long-term solution. As we saw during lockdown, when demand drops so does the price of energy.
• Grossly unfair, the households with the largest energy consumption are being subsidised the most, which we will all have to pay for in the long term. If Mr Toad of Toad Hall leaves his heating on at 25C for the sake of his geraniums while he takes his annual holiday in the Bahamas, everyone will be picking up the inflated tab.
• Pretty much ignores any carbon pledges.
• The energy companies are getting an amazing deal, keep an eye on their share prices.
Does anyone know how our approach compares with other European countries please?
As for a windfall tax discouraging investment, businesses are also going to be saddled with inflated energy costs in the future to pay back this loan. Discouraging future investment. The point about a windfall tax is that it’s a tax on huge unearned profits, due to factors outside the sector’s control. The windfall tax that is in place is set to net £5 billion compared to the £100 billion loan underpinning the price cap.
The headline is fundamentally wrong. Energy bills have not been capped at £2,500. This is a really dangerous line to be using. People will think they can crank the heating up and never pay more than £200-ish a month, and that’s completely not true.
It’s a typical user’s bill will be capped at £2,500. We all have a responsibility to ensure this is communicated effectively and accurately.
How is a 100 billion loan going to fix the economy? Typical tories
Kicking the can down the road to be paid for by the poor to protect £170 Billion unexpected profits of the energy companies one of whom, BP, used to employ a certain Liz Truss.
Job well done.
Headline is misleading, but that’s not OPs fault. No one reports it accurately. This cap is on the unit price, and the £2500 is based on average usage. So half of people will pay less, half will pay more.
My bills are pretty bad, but taking out a loan to pay for them would be the height of stupidity, especially if I don’t know they are coming down for sure. Anyone explain to me why the government doing it on my behalf is any better?
I’m so convinced the govt let it get this bad and let the worry and stress build so they could “sweep in and save the day”
Tory plan: protect corporate excess profits and ensure people pay the price for the next two decades or so. Within the failed dogma that these companies, due to the good will in their hearts, will reinvest into the country. There is literally zero incentive to invest. Why would they? Tories will bail them out time and time again.
Labour plan: protect people during a cost of living crisis (not only energy costs) and tax the excess profits to keep bills low.
I know which i prefer.
Note this is in addition to the £400 subsidy so more like £2100 for this year, £2500 next year
Martin Lewis is saying that those of fixes will be allowed to leave without penalty too.
Anyone know when this will be from as I’d like to leave my fix ASAP to benefit as much as possible from this next few weeks on the April cap too!
The Tories will probably get re-elected because of this. They will be hailed as saviours in the media for “doing the right thing” But we’re all still paying more than double than we were March last year. Hopefully people see through this bollocks and there is some hope but, frankly, the majority of people in the UK are servile idiots.
The cap is still about triple what I payed up to a few months ago….
‘Pffft, people organising to refuse to pay energy companies? Don’t worry energy companies, we will pay you; the peasants won’t dare refuse to pay their taxes!’
They’re simply usurping tax payers ability to fight back for themselves looking at this.
We are being gangraped by big business here.
WINDFALL TAX OR RESIGN!
The corks will be popping at shell and bp tonight no doubt
This is what they mean when they say ‘It’s a massive transfer of wealth from the poor to the rich – again.’
47 comments
Would’ve been great if they had decided this earlier..
Also: how the fuck is a windfall tax not in the public interest?
It’s all just a big joke to these cunts isnt. Sitting laughing away at eachtother. Cunts.
Why the fuck are they STILL continuing to talk about energy bills in the context of average spending. It’s fucking stupidity
I’m guessing that’s not LITERAL capped. People can still spank it and spend over that on gas and electricity?
Short term solution creating a bigger long term problem for the tax payer and a big win win for energy companies
[deleted]
Still not good enough really. Still should be cheaper, but at least it won’t go past £2500 for years…maybe
So instead of getting her energy firm friends to stop putting prices up, the government are borrowing money to foot the bill in which the tax payer will eventually have to pay out of their pockets? How does this help anyone?
It looks like people that opted for a fixed price deal recently are going to be left to fend for themselves.
With all the “April cap to be £99999999” headlines we’ve seen it would have been a reasonable choice, but now seems to be a costly mistake.
Screwing future generations to ensure short term profits for business. The Tory manifesto.
Does anyone know the electricity unit price at the capped rate?????
Still reprehensible and people should still take to the streets on October 1st, another Tory scapegoat. More methods to gouge the public, and then we still have to foot the bill.
You know you going to get random person commenting here trying to explain why this is a better option than a Windfall tax.
Watch as dividends increase, bonuses for everyone, bungs and ‘consultant positions for MP’s…. But fuck all extra investment in jobs, infrastructure or renewables from the likes of shell, bp etc.
….. Because cunts
We’ll all still be getting the £400 energy rebate from October right?
Just a reminder that the price point in this cap is still going to be horrific for the lower earners in society. Many of whom will still legitimately need to pick between heating and eating.
But they won’t vote blue anyway. Charles and Winifred in their 5 bed £1.2m detached suburban house in Surrey who have voted Tory all their lives will certainly be hip hip hurrahing though. To them they will clap Maggie 2.0 like seals and this is a solved problem.
And as always, Charles and Winifred (and anyone richer than them) are all that matters when it comes to policymaking. This has been made more than a wee bit clear in the last 12 years.
Edit: Thanks so much for the reddit monies <3
Does anybody know what this converts to as prices per kWh?
So bills still more than double than what they were a year ago leaving millions in fuel poverty.
And funded by us – taxpayers – but deferring costs for 2 years, by which time she will no longer be in power, but her donors will make extortionate profits, currently upwards of £170billion in excess profits. And leaving Labour to somehow clean up 14 years of Tory corruption and fraud.
Thanks for that Tory voters. You fcked yourselves and the rest of us.
And how much are the profits of the energy companies capped at?
Where’s the money coming from Liz? If it’s not public money? Liz?
Liz, you great big thicko.
Tories don’t expect to win any upcoming elections so best they create a shit show now for the next (presumably) labour government to clean up which they can then use as a stick to beat labour with when the next election rolls around.
Twas ever this.
From Rees-Mogg’s statement: “HM Government will also support all business, charities and public sector organisations with their energy costs this winter, offering an equivalent guarantee for six months.”
So, a lot of business still likely to be driven into the ground in the long term…unless all these trickle down economics mean that I’ll be able to magically afford £15 for a pint or £10 for a sausage roll in a few months.
That’s just what they deem as safe enough to avoid mass protests and riots. It’s a cap for them really.
The problem with conservatism is that you eventually run out of other people’s money
Of course this £100billion package repayment is all getting passed on to us! All while the energy companies profit to the tune of £170Billion! fucking over this shithole corrupt country, like what even is the point anymore they see us as chewing gum on their shoe while we STRUGGLE, sick of it.
Double what I was paying about 6 months ago and presented as a good deal. Plus my taxes will rise too. Excellent.
150bn from future households to billionaires and shareholders who will be reporting a 172bn profit.
A fucking large transfer of wealth when we could have just took their profits with a windfall tax.
Letting the energy companies win by saying they’re allowed to charge all this extra, make all those profits and not get taxed for it. Then making us pay for it anyway.
Fuck the Tories. I don’t understand how anyone can support this move.
Remember, tory means thief.
This is hugely frustrating.
I fitted insulated plasterboard to all my (1950s built, cavity insulated) external walls as part of my DIY renovation, and added insulation above my downstairs ceilings and in the loft. It’s made a significant difference. Oversized all my new radiators too in anticipation of fitting a heat pump when they’re a reasonable price – couldn’t justify spending what would be close to £15k for a heat pump when I could have a top-spec Vailant Combi fitted for less than £2.5k.
For the cost of this, we could go on a huge insulation installation bender around the country and/or subsidise the installation of solar panels/batteries/heat pumps with higher cut-offs on means testing.
Very disappointing.
So give taxpayer money to oil and gas producers while capping the profits of renewables? Yeah sounds like Tory policy.
This is a huge scam to transfer £150 billion of taxpayers money into an already vastly profitable cartel that doesn’t need it. The EU countries are discussing a windfall tax on the energy cartels, hence Brexit to allow this corruption to flourish here.
It’s nothing we’ll be in debt for two decades to pay it off! I’m gonna leave fuck the UK debt for life, eroded rights. Banning striking fuck the tories!
So we finally have the details on the plan to limit energy prices and I can’t think easily think of a worse approach.
• Completely funded by borrowing, so we’ll be paying back at inflated rates over many years. Effectively a stealth tax.
• There is no real incentive for people who can afford the per-unit cap to limit their energy usage or invest in more efficient heating or insulation, which is all part of the long-term solution. As we saw during lockdown, when demand drops so does the price of energy.
• Grossly unfair, the households with the largest energy consumption are being subsidised the most, which we will all have to pay for in the long term. If Mr Toad of Toad Hall leaves his heating on at 25C for the sake of his geraniums while he takes his annual holiday in the Bahamas, everyone will be picking up the inflated tab.
• Pretty much ignores any carbon pledges.
• The energy companies are getting an amazing deal, keep an eye on their share prices.
Does anyone know how our approach compares with other European countries please?
As for a windfall tax discouraging investment, businesses are also going to be saddled with inflated energy costs in the future to pay back this loan. Discouraging future investment. The point about a windfall tax is that it’s a tax on huge unearned profits, due to factors outside the sector’s control. The windfall tax that is in place is set to net £5 billion compared to the £100 billion loan underpinning the price cap.
The headline is fundamentally wrong. Energy bills have not been capped at £2,500. This is a really dangerous line to be using. People will think they can crank the heating up and never pay more than £200-ish a month, and that’s completely not true.
It’s a typical user’s bill will be capped at £2,500. We all have a responsibility to ensure this is communicated effectively and accurately.
How is a 100 billion loan going to fix the economy? Typical tories
Kicking the can down the road to be paid for by the poor to protect £170 Billion unexpected profits of the energy companies one of whom, BP, used to employ a certain Liz Truss.
Job well done.
Headline is misleading, but that’s not OPs fault. No one reports it accurately. This cap is on the unit price, and the £2500 is based on average usage. So half of people will pay less, half will pay more.
My bills are pretty bad, but taking out a loan to pay for them would be the height of stupidity, especially if I don’t know they are coming down for sure. Anyone explain to me why the government doing it on my behalf is any better?
I’m so convinced the govt let it get this bad and let the worry and stress build so they could “sweep in and save the day”
Tory plan: protect corporate excess profits and ensure people pay the price for the next two decades or so. Within the failed dogma that these companies, due to the good will in their hearts, will reinvest into the country. There is literally zero incentive to invest. Why would they? Tories will bail them out time and time again.
Labour plan: protect people during a cost of living crisis (not only energy costs) and tax the excess profits to keep bills low.
I know which i prefer.
Note this is in addition to the £400 subsidy so more like £2100 for this year, £2500 next year
Martin Lewis is saying that those of fixes will be allowed to leave without penalty too.
Anyone know when this will be from as I’d like to leave my fix ASAP to benefit as much as possible from this next few weeks on the April cap too!
The Tories will probably get re-elected because of this. They will be hailed as saviours in the media for “doing the right thing” But we’re all still paying more than double than we were March last year. Hopefully people see through this bollocks and there is some hope but, frankly, the majority of people in the UK are servile idiots.
The cap is still about triple what I payed up to a few months ago….
‘Pffft, people organising to refuse to pay energy companies? Don’t worry energy companies, we will pay you; the peasants won’t dare refuse to pay their taxes!’
They’re simply usurping tax payers ability to fight back for themselves looking at this.
We are being gangraped by big business here.
WINDFALL TAX OR RESIGN!
The corks will be popping at shell and bp tonight no doubt
This is what they mean when they say ‘It’s a massive transfer of wealth from the poor to the rich – again.’
CF the bank bailouts.