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Post by zerps on Sept 30, 2021 13:28:37 GMT
Just as furlough ends and the usd is about to collapse Lovely stuff. It’s almost as if the plastic virus was a cover for something else. USD is currently the highest its been against either £ or € this year. Yep it’s going to crash from a great height
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Post by mrcoke on Sept 30, 2021 16:34:10 GMT
USD is currently the highest its been against either £ or € this year. Yep it’s going to crash from a great height What is your basis for stating this? The USA economy is bigger than before the pandemic whereas European economies still have a few % needed to get back to pre pandemic levels.
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Post by zerps on Sept 30, 2021 17:01:05 GMT
Yep it’s going to crash from a great height What is your basis for stating this? The USA economy is bigger than before the pandemic whereas European economies still have a few % needed to get back to pre pandemic levels. For starters, they printed more usd out of thin air last year than has been printed in the last 35 years combined, I think it was. One fifth of all usd in circulation was printed last year. Backed by thin air. The dow jones was setting new all time highs during the pandemic, which tells you how natural the growth is. It’s only a matter of time before the price of the dollar turns on itself. Technically and historically speaking it’s due a crash. I posted some videos on the coronavirus thread if you can be arsed 😬
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Post by stokebloke on Sept 30, 2021 19:22:02 GMT
I'm £500 in credit with my supplier but last month they decided to up my bill by a further £50 a month... Work that out!?
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Post by prestwichpotter on Oct 1, 2021 10:39:38 GMT
I'm £500 in credit with my supplier but last month they decided to up my bill by a further £50 a month... Work that out!? £500 in credit divided by £50 a month = 10 months worth of credit.
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Post by GrahamHyde on Oct 1, 2021 12:58:46 GMT
My thick winter coat will be getting some use around my place this winter.
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Post by mrcoke on Oct 6, 2021 17:25:52 GMT
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Post by thehartshillbadger on Oct 6, 2021 18:56:01 GMT
I'm £500 in credit with my supplier but last month they decided to up my bill by a further £50 a month... Work that out!? £500 in credit divided by £50 a month = 10 months worth of credit. Genius😉
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Post by mrcoke on Oct 22, 2021 15:53:35 GMT
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Post by foghornsgleghorn on Oct 22, 2021 17:02:43 GMT
How nice of my energy company to remind me that my tariff ends next month, and to offer a one-click option to lock into a new tariff until November 2023 at 2.5 times above the old one and 50% above the price cap.
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Post by lancashirelad on Oct 22, 2021 17:24:42 GMT
How nice of my energy company to remind me that my tariff ends next month, and to offer a one-click option to lock into a new tariff until November 2023 at 2.5 times above the old one and 50% above the price cap. Name and shame. I am sure your aware that do nothing option though 'no click' thus not tricked onto money grabbing deal you should be put on the variable rate which should be price capped and best option.
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Post by foghornsgleghorn on Oct 22, 2021 18:14:50 GMT
How nice of my energy company to remind me that my tariff ends next month, and to offer a one-click option to lock into a new tariff until November 2023 at 2.5 times above the old one and 50% above the price cap. Name and shame. I am sure your aware that do nothing option though 'no click' thus not tricked onto money grabbing deal you should be put on the variable rate which should be price capped and best option. Yes , I left well alone , sadly it was worded in such a way that I suspect some people would fall for it.
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Post by mrcoke on Nov 3, 2021 22:06:03 GMT
There are reports today Russia is putting the squeeze on Europe on gas supply.
There are also reports of Russian troops build up on Ukraine border.
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Post by Northy on Nov 3, 2021 22:25:00 GMT
There are reports today Russia is putting the squeeze on Europe on gas supply. There are also reports of Russian troops build up on Ukraine border. We, the UK, stock up over the summer, we should have enough to last the winter
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Post by prestwichpotter on Nov 25, 2021 9:26:10 GMT
"There is no magic money tree"
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Post by spiderpuss on Nov 25, 2021 10:22:14 GMT
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Post by prestwichpotter on Nov 25, 2021 10:37:21 GMT
Nationalise the debt, privatise the profit. What a time to be alive..........
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Post by bigjohnritchie on Nov 25, 2021 11:17:38 GMT
Nationalise the debt, privatise the profit. What a time to be alive.......... All the utilities, including broadband provision, should be in public ownership in my opinion.
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Post by prestwichpotter on Nov 25, 2021 11:27:01 GMT
Nationalise the debt, privatise the profit. What a time to be alive.......... All the utilities, including broadband provision, should be in public ownership in my opinion. Completely agree John.
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Post by spiderpuss on Nov 25, 2021 11:40:31 GMT
All the utilities, including broadband provision, should be in public ownership in my opinion. Completely agree John. Agree too and this nonsense with gas prices has shown it to be the case. Switching prices wouldn't be necessary every forking year either.
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Post by greenman on Nov 25, 2021 12:04:12 GMT
Bulb energy has around 1.7m customers and the government are setting aside £1,7billion to cover its administration. £1000 per customer, so which tory donor is in charge there then?
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Post by mrcoke on Nov 25, 2021 14:30:55 GMT
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Post by spiderpuss on Nov 25, 2021 15:40:10 GMT
Another hour, another one bites the dust. I make that 24 this year, but i might be wrong: www.bbc.co.uk/news/business-59414799No. of households now affected = 4M, so I make that 4Bn needed to keep people going. Looks like Entice energy might also be about to fail.
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Post by spiderpuss on Nov 26, 2021 9:46:11 GMT
Another hour, another one bites the dust. I make that 24 this year, but i might be wrong: www.bbc.co.uk/news/business-59414799No. of households now affected = 4M, so I make that 4Bn needed to keep people going. Looks like Entice energy might also be about to fail. As expected Entice has now failed, bringing the total failed companies to 25. I don't just think this is company mismanagement, but system failure. I can't imagine for one moment 25 companies thought we'll set up an energy company to fail.
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Post by musik on Nov 27, 2021 10:55:23 GMT
Sweden's energy costs are rising and they're blaming England. Why?
They've bought a lot of energy from England revently for some reason.
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Post by OldStokie on Nov 27, 2021 11:28:31 GMT
Another hour, another one bites the dust. I make that 24 this year, but i might be wrong: www.bbc.co.uk/news/business-59414799No. of households now affected = 4M, so I make that 4Bn needed to keep people going. Looks like Entice energy might also be about to fail. As expected Entice has now failed, bringing the total failed companies to 25. I don't just think this is company mismanagement, but system failure. I can't imagine for one moment 25 companies thought we'll set up an energy company to fail. I'm sure these companies don't set up to fail, spider, but they're companies simply out to make loads of dosh for nothing in the first place. It's Capitalism pure and simple. Bulb set up with nothing in the bank and ran their supply business like a Ponzi Scheme. Then, as has happened quite a few times over the last decade, we have to turn to Socialism to bail out those who have lost their money - the customers when those companies go bust. As has been said previously in this thread, like most other utilities that are necessary for a working society, they should not be in private hands and should be run by our government. OS.
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Post by followyoudown on Nov 27, 2021 20:30:02 GMT
As expected Entice has now failed, bringing the total failed companies to 25. I don't just think this is company mismanagement, but system failure. I can't imagine for one moment 25 companies thought we'll set up an energy company to fail. I'm sure these companies don't set up to fail, spider, but they're companies simply out to make loads of dosh for nothing in the first place. It's Capitalism pure and simple. Bulb set up with nothing in the bank and ran their supply business like a Ponzi Scheme. Then, as has happened quite a few times over the last decade, we have to turn to Socialism to bail out those who have lost their money - the customers when those companies go bust. As has been said previously in this thread, like most other utilities that are necessary for a working society, they should not be in private hands and should be run by our government. OS. It isn't capitalism to cap the selling price below the purchase price and expect companies to sell at a massive and continuing loss to millions of people. Capping the selling price is socialism and is the reason for the failure...... As for being run by the government all that happens is they duck long term strategic decisions to focus on short term vote winning decisions and leave the next lot to sort out the hard stuff see tuition fees, pensions, social care etc etc
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Post by OldStokie on Nov 27, 2021 23:24:30 GMT
I'm sure these companies don't set up to fail, spider, but they're companies simply out to make loads of dosh for nothing in the first place. It's Capitalism pure and simple. Bulb set up with nothing in the bank and ran their supply business like a Ponzi Scheme. Then, as has happened quite a few times over the last decade, we have to turn to Socialism to bail out those who have lost their money - the customers when those companies go bust. As has been said previously in this thread, like most other utilities that are necessary for a working society, they should not be in private hands and should be run by our government. OS. It isn't capitalism to cap the selling price below the purchase price and expect companies to sell at a massive and continuing loss to millions of people. Capping the selling price is socialism and is the reason for the failure...... As for being run by the government all that happens is they duck long term strategic decisions to focus on short term vote winning decisions and leave the next lot to sort out the hard stuff see tuition fees, pensions, social care etc etc Your argument has so many holes in it. Where have all the massive profits gone that were made even with a price cap before the massive price hike hit? In the pockets of shareholders of foreign companies, that's where, but now they're making a loss and some have gone bust, the taxpayer is paying out billions to subsidise their failure to run a tight ship, or even. like Bulb, have a ship in the first place. I agree with your point about short-termism. But even that can be circumvented if we pass laws set in long-term stone that all utilities will remain in public and not private hands. A fair taxation system should take care of the rest of the things you have outlined. We're supposed to be living in a society and not a banana republic, and all societies have to pay proper taxes to make a society work. Unbridled capitalism, as we're seeing now, is the antithesis of a properly functioning society. OS.
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Post by followyoudown on Nov 28, 2021 12:15:15 GMT
It isn't capitalism to cap the selling price below the purchase price and expect companies to sell at a massive and continuing loss to millions of people. Capping the selling price is socialism and is the reason for the failure...... As for being run by the government all that happens is they duck long term strategic decisions to focus on short term vote winning decisions and leave the next lot to sort out the hard stuff see tuition fees, pensions, social care etc etc Your argument has so many holes in it. Where have all the massive profits gone that were made even with a price cap before the massive price hike hit? In the pockets of shareholders of foreign companies, that's where, but now they're making a loss and some have gone bust, the taxpayer is paying out billions to subsidise their failure to run a tight ship, or even. like Bulb, have a ship in the first place. I agree with your point about short-termism. But even that can be circumvented if we pass laws set in long-term stone that all utilities will remain in public and not private hands. A fair taxation system should take care of the rest of the things you have outlined. We're supposed to be living in a society and not a banana republic, and all societies have to pay proper taxes to make a society work. Unbridled capitalism, as we're seeing now, is the antithesis of a properly functioning society. OS. I am still looking for the holes, you say where have all the massive profits gone - the companies that are going bust never made massive profits, bulb last time I looked had been making a loss for many years and was being financed by loans / investment attracted by increasing revenues due to increasing customers. Their whole business was buying the energy from the big companies and selling it at a bit less than the big companies do based on the assumption that the selling price would always be above the purchase price when it isn't and you are looking at losing money for 3-6 months you are in big trouble espicially when like bulb you have 1.8m customers and where every £100 loss per customer equates to £180m, what should have been done is to allow the price to rise so they could continue trading (you could then have introduced some extra benefit for those in need or scrapped Vat on energy supply temporarily) that is capitalism working but the socialist price cap prevents that. The other reason that wasn't done is the government is then seen as raising the cost of voters bills, the opposition (even one as bad as the current Labour one) will instantly announce they will reverse it..... I am not sure how you can pass a law to prevent short termism either but it would never work, every government has a finite amount of money EDF are building one nuclear power station in the UK at the cost of £20 billion plus so thats £20 billion less for education ? Nhs ? Defence ? Benefits ? Thats before I even get onto all governments struggling to organise your bins to be collected nevermind running a complicated business...
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Post by mrcoke on Nov 28, 2021 12:56:51 GMT
I read with interest the capitalism v socialism debate and of course both have their advantages and disadvantages. With these cyber energy companies like Bulb we see the ugly side of capitalism. They see an opportunity in the market price to buy a "chunk" of energy off the generators at a low price and sell it on to customers with attractive deals, and cream of profit doing very little than sitting in an office in a London skyscraper managing software. It's easy money. The problem is there is no security for anybody. Bulb and others take a risk and the people who buy from them take a risk and then when it all goes pear shaped they expect the cautious people and companies and tax payer to bail them out because their gamble (basically that's what it is ) hasn't paid off. Whether regulation is the answer I don't know. Certainly there should be more "hazard warning" to naive customers who don't realise the risk. An energy bill has to cover many costs. It is not simply the cost of the basic energy source. The current rise is due to gas prices rising world wide post pandemic. The UK electricity price is heavily dependant on gas price because we have shutdown almost all our coal power stations. But there are many other costs that go into the final energy bill such as distribution costs. Germany has taken action to limit the profit of German energy distributers. en.wikipedia.org/wiki/Bulb_Energywww.reuters.com/business/german-regulator-cuts-power-gas-grid-earnings-protect-consumers-2021-10-20/This is 155 Bishopsgate: www.realla.co.uk/details/19919997Who lives there? : suite.endole.co.uk/explorer/postcode/ec2m-3tq
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