Do you want to discuss boring politics? (87 Viewers)

CCFCSteve

Well-Known Member
Lads it's not a windfall tax it's a "A temporary targeted energy profits levy"

The government played this poorly. A Windfall tax rightly polled well and political pressure suggested it was coming. They should’ve just said, we are reviewing all options including this but any taxes need to be properly considered/structured. Labour on the other hand played a blinder as I think it was Davy who initially proposed/ mentioned it

At least on the face of it, it appears the cash is being directed/focussed on the right people.
 

David O'Day

Well-Known Member
The government played this poorly. A Windfall tax rightly polled well and political pressure suggested it was coming. They should’ve just said, we are reviewing all options including this but any taxes need to be properly considered/structured. Labour on the other hand played a blinder as I think it was Davy who initially proposed/ mentioned it

At least on the face of it, it appears the cash is being directed/focussed on the right people.

They shouldn't of voted against a windfall tax just last week
 

CCFCSteve

Well-Known Member
He definitely won’t resign, I think he’s too coward to call a confidence vote. I don’t think he’s confident he could win one.

Yeah, I agree, however, he’s now faced with a potential drip drip of letters. So he could try to get on the front foot and at least try to claw back some credibility.
 

CCFCSteve

Well-Known Member
They shouldn't of voted against a windfall tax just last week

Of course they shouldn’t have as they knew it was coming but that’s the mature level of politics…they didn’t want to be seen to be voting for a Labour proposal. I was saying how they should’ve at least tried to position their stance/vote
 

shmmeee

Well-Known Member
Can’t see enough letters coming in while the polls are showing a Labour victory and there’s no clear successor.

I suspect he’ll limp along as long as possible.
 

skybluetony176

Well-Known Member



If it looks like a prat, sounds like a prat...

Could be worse. They could be one of those ministers they send out to do the morning rounds on TV and Radio with an ill thought out brief lacking any answers to the questions they’re obviously going to be getting asked.
 
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Deleted member 5849

Guest
Can’t see enough letters coming in while the polls are showing a Labour victory and there’s no clear successor.

I suspect he’ll limp along as long as possible.
Surely the time to act is when the polls *are* showing a Labour victory though?!? Certainly wouldn't be much point if they were showing people loved the dishonest egotistical slimeball!
 

shmmeee

Well-Known Member
Surely the time to act is when the polls *are* showing a Labour victory though?!? Certainly wouldn't be much point if they were showing people loved the dishonest egotistical slimeball!

My thinking is anyone who comes in will face calls for a GE, at least with Bozo they can hope to use him to ride out the current CoL crisis.
 
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Deleted member 5849

Guest
My thinking is anyone who comes in will face calls for a GE, at least with Bozo they can hope to use him to ride out the current CoL crisis.
But there'salways a new PM bounce. If Brown had had the strength of his convictions, he'd have probably won a snap election - Johnson did. I'm thinking a Jeremy Hunt type figure - boring, but competent, could be presented as a new broom and everybody would rush to vote him in.
 

CCFCSteve

Well-Known Member
Of course the simpler way would have been to just keep prices lower for fuel, rather than let them rocket and then tax the profits - that's not efficient!

Yeah, I’ve always thought the best option for the government would be to pressure the main energy companies like BP and Shell to stop making super profits. Tricky to do this across the board but say BP are currently making 20p per litre on diesel when it’s usually 10p, pressure them to get it back down to nearer 10p. That then puts pressure on other petrol companies to follow suit, all of which helps suppress inflation across the board

There must be something I’m missing here. Maybe they like higher petrol/diesel prices as people reduce unnecessary journeys ? Maybe the Tories enjoy being the tax and spend party 😊

As I said earlier, at least it appears that the help is going to the right people
 
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Deleted member 5849

Guest
Yeah, I’ve always thought the best option for the government would be to pressure the main energy companies like BP and Shell to stop making super profits. Tricky to do this across the board but say BP are currently making 20p per litre on diesel when it’s usually 10p, pressure them to get it back down to nearer 10p. That then puts pressure on other petrol companies to follow suit, all of which helps suppress inflation across the board

There must be something I’m missing here. Maybe they like higher petrol/diesel prices as peoole reduce unnecessary journeys ?! Maybe the Tories enjoy being the tax and spend party 😊

As I say, at least it appears that the help is going to the right people
I meant fuel as in heating fuel tbh. We've got a price cap, if they're all making humungous profits, why on earth are we raising the price cap?!?
 
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Deleted member 5849

Guest
I might be wrong but I don’t think the heating/home energy providers are making massive profits. Loads went bust due to the caps.

I appreciate this doesn't mean they are now but... what kind of system is it when such profits go to shareholders, so therefore prices for heating a house have to rise when things get a bit tougher as there's nothing left in the bank?!?
 

CCFCSteve

Well-Known Member
wholesale gas prices are dropping so why is the cap rising

Ask Ofgem ! It’s cheap in UK because we have imported loads of LNG but can’t store a lot of it longer term and people aren’t using it at the moment as winters over.

Just googled and this looks like the best explanation
 

CCFCSteve

Well-Known Member

I appreciate this doesn't mean they are now but... what kind of system is it when such profits go to shareholders, so therefore prices for heating a house have to rise when things get a bit tougher as there's nothing left in the bank?!?

Ofgem sets the cap not the companies and there’s probably only a tiny margin in supplying the public at the moment, if anything. Most smaller providers struggled/went bust. The article headline suggests all energy companies are creaming it from the public which is wrong, basically SSE and British Gas made money (I’m guessing from other areas and not from supplying public), EON and EDF lost £350m between them - Edit - think it’s a different article attached now

The reason I mentioned BP and Shell earlier is that’s where windfall tax is predominantly focussed, companies making massive profits from oil and gas production, then some also then taking the piss at the pumps

Ps agree it is a weird system where we have some ‘providers’ that don’t produce the energy
 
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CCFCSteve

Well-Known Member
Really! I'd never known that!!!! Astounding!

I wasn’t trying to be funny, my point was that it’s not like providers are setting the prices at the moment. They’re not profiteering from the public at the moment as they’re not allowed to due to cap…probably taking the piss with businesses though !
 
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Deleted member 5849

Guest
I wasn’t trying to be funny, my point was that it’s not like providers are setting the prices at the moment. They’re not profiteering from the public at the moment as they’re not allowed to due to cap…probably taking the piss with businesses though !
But that's not really my point...
 

CCFCSteve

Well-Known Member
But that's not really my point...

Sorry I might’ve misunderstood, not totally with it today, I was responding more to the article attached before (open democracy one) and the comment below.

I meant fuel as in heating fuel tbh. We've got a price cap, if they're all making humungous profits, why on earth are we raising the price cap?!?

Only additional comment is that there are other providers who aren’t the big six who would go bust if the cap didn’t rise. I think the article also mentions that SSE who are by far the most profitable (from other areas) don’t even provide to the public as they sold their retail arm to OVO a year or two back.
 

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