Sunak press announcement tonight

Oh and for those who do not know there will be many thousands if not millions who do not pay a penny in council tax because they are on such a low income. My mum was one of them.

People like her will suffer dreadfully. The older you get, the colder you get and need a higher temperature to survive.

Goodness knows what those poor souls are going to do.

Die I suppose

Whitewavemark2

I wonder if I could refuse it?

I suppose I could return it to my energy supplier - Shell - who has just made squillions profit - but that means it would just sit in their vast coffers for 5 years.

Interest rates will inevitably rise over the next year. Stick it in a savings account, if you don't need it.

My energy supplier makes £900 profit per second according to the independent.

I wonder if I could refuse it?

I suppose I could return it to my energy supplier - Shell - who has just made squillions profit - but that means it would just sit in their vast coffers for 5 years.

That is the huge risk. There is no sign that gas prices are going to drop or remain steady as the world tries to reduce its coal consumption.

We need renewables

Whitewavemark2

I think that we are supposed to be getting a loan of £200 in September - whether we want it or not - ( will there be interest attached?)

This is to be paid back over 5 years in sums of £40. So £40 added to what will already be a huge bill and probably unplayable by the very poorest.

It is nonsense economics.

Yes, it is nonsense economics. If there's a "loan" every year, after five years, people will end up paying back the forced loan of £40pa (£200 after five years) in perpetuity.

Ah! Now I get it.

In an attempt to mitigate Britain’s cost of living crisis, Sunak said all households would receive £200 off their energy bills in October – but then pay the discount back by £40 a year for the subsequent five years. (Guardian)

But what if energy prices continue to rise? Will we all get a £200 repayable loan every year?

I think that we are supposed to be getting a loan of £200 in September - whether we want it or not - ( will there be interest attached?)

This is to be paid back over 5 years in sums of £40. So £40 added to what will already be a huge bill and probably unplayable by the very poorest.

It is nonsense economics.

It says "repayable over 5 years at £40 per annum" so that's the repayment that will be less than £1 per week.

GrannyGravy13

growstuff

rosie1959

GrannyGravy13

All homes in council tax bands A-D to get a non-repayable one of credit of £150 on 01/04/22

£200 towards energy costs on 01/10/22 (I think this is for lower income homes, sorry I didn’t catch all of the detail)

From what I have read the £200 will be for all households on their fuel bills but repayable over the next 5 years at £40 per annum

So £1 a week? That's not going to help anybody.

£200 works out to £3.80 a week, not sure where you got £1.00 per week from?

rosie1959 just wrote that the £200 is over five years and works out at £40 a year. I must admit I was a bit puzzled.

The current Band A rate for my area is £1231.78. A single occupant receives a 25% discount, so pays 75% = £923.83 The minimum rate for people receiving Local council tax support is 12.5%. The figures for different authorities vary. 12.5% of £923.83 = £115.47, which is less than £150.

growstuff

rosie1959

GrannyGravy13

All homes in council tax bands A-D to get a non-repayable one of credit of £150 on 01/04/22

£200 towards energy costs on 01/10/22 (I think this is for lower income homes, sorry I didn’t catch all of the detail)

From what I have read the £200 will be for all households on their fuel bills but repayable over the next 5 years at £40 per annum

So £1 a week? That's not going to help anybody.

£200 works out to £3.80 a week, not sure where you got £1.00 per week from?

rosie1959

Can’t imagine anyone’s council tax bill is less than £150 a year Growstuff even with rebates ?

They just might be. The unemployed pay a fraction of the total council tax charge and all those receiving Universal Credit pay on a sliding scale.

Can’t imagine anyone’s council tax bill is less than £150 a year Growstuff even with rebates ?

Meanwhile, people in work are being faced with higher NIC costs.

rosie1959

GrannyGravy13

All homes in council tax bands A-D to get a non-repayable one of credit of £150 on 01/04/22

£200 towards energy costs on 01/10/22 (I think this is for lower income homes, sorry I didn’t catch all of the detail)

From what I have read the £200 will be for all households on their fuel bills but repayable over the next 5 years at £40 per annum

So £1 a week? That's not going to help anybody.

Some people receiving certain benefits only pay a percentage of the full council tax charge too, so will they get a £150 rebate, when they might not even be paying that much in the first place?

rosie1959

GrannyGravy13

All homes in council tax bands A-D to get a non-repayable one of credit of £150 on 01/04/22

£200 towards energy costs on 01/10/22 (I think this is for lower income homes, sorry I didn’t catch all of the detail)

From what I have read the £200 will be for all households on their fuel bills but repayable over the next 5 years at £40 per annum

Thank you rosie1959 I had it on in the background and playing with GS, so didn’t catch all of the minutiae.

GrannyGravy13

All homes in council tax bands A-D to get a non-repayable one of credit of £150 on 01/04/22

£200 towards energy costs on 01/10/22 (I think this is for lower income homes, sorry I didn’t catch all of the detail)

What about students, who don't pay council tax but do pay the full price for gas/electricity? Many of them in private accommodation are already on high tariffs.

GrannyGravy13

All homes in council tax bands A-D to get a non-repayable one of credit of £150 on 01/04/22

£200 towards energy costs on 01/10/22 (I think this is for lower income homes, sorry I didn’t catch all of the detail)

From what I have read the £200 will be for all households on their fuel bills but repayable over the next 5 years at £40 per annum

GrannyGravy13

All homes in council tax bands A-D to get a non-repayable one of credit of £150 on 01/04/22

£200 towards energy costs on 01/10/22 (I think this is for lower income homes, sorry I didn’t catch all of the detail)

So who refunds the money?
Central government or will the LAs be starved of more cash?

All homes in council tax bands A-D to get a non-repayable one of credit of £150 on 01/04/22

£200 towards energy costs on 01/10/22 (I think this is for lower income homes, sorry I didn’t catch all of the detail)

Whitewavemark2

What they should be doing is pursuing renewables like mad.

If they had done so we would not be so reliant on gas and at Putins mercy.

I watched an interview with the CEO of Octopus Energy this morning, and they are definitely investing in both solar and wind renewables.

Unfortunately when there was a proposal for a number of wind turbines not far from me, the locals were up in arms and fought it through all legal channels they could. In the end they lost but it has left divisions in the small Hamlet.

What they should be doing is pursuing renewables like mad.

If they had done so we would not be so reliant on gas and at Putins mercy.

Whitewavemark2

GrannyGravy13

Whitewavemark2

Why isn’t he addressing parliament as he should do?

Like you said it has been announced that Mr.Sunak is addressing parliament this morning.

Maybe you should ask GNHQ to amend your OP?

No I don’t mind. We aren’t always right are we?

I agree on that Whitewavemark2

I am interested to watch/listen to Mr. Sunak on the MLMS those evening as I think Martin Lewis will ask the questions that the man/woman in the street wants the answers to.