macliam wrote: ↑
Wed Mar 02 2022 11:23pm
Privatization has been a total disaster, except for those in the City and the CEOs
+ Shareholders and I do accept that many of those shareholders are Pension Funds who rely on the income from those shares.
I fail to understand why OFGEM does not stipulate that companies ringfence the balances of those customers who choose to keep a credit balance.
IMO all privatisations are a disaster and tantamount to theft from the taxpayer. However I accept that it is a controversial view and that the majority view of the great British public is different to mine. I also accept although hope that I am wrong that it is unlikely privatisations will be reversed.
I have just had my DD for Power increased from £62.00 to £105.00 from April to compensate for the upcoming increases. With this and other upcoming increases in the pipeline. (I know that I will get some money off my council tax to compensate & I will not include the loan from the government which will need to be paid back) and a further Increase to energy prices currently due in October. There is a veritable storm brewing.
Due to the failure to increase the tax allowance in line with inflation. I will start to pay Income tax for the first time in over ten years. Projected to be £3.00 per month. Not a lot I know.
National insurance up by 1.5% will not affect me
VAT increase on the way from 12.5% to 20%
+ lots of other increases I am sure, Council tax, Water, Telecoms and the cost of the weekly shop amongst them. I can set against that an increase in my pension of around £22 pm
Dishy Rishi maintains the Conservatives are the party of lower taxation. Bah humbug, another Conservative lie.
I am lucky, I have a partner who works in a relatively well paid job and so the increase will not affect me greatly. But I feel desperately sad for those in the country who are on Universal Credit or basic incomes. How will they manage?