Rachel Reeves has announced that energy bills will be £150 lower as a direct result of her Budget.
Don’t be fooled!
Two thirds of the so-called saving will be funded by switching about £6 billion of renewable subsidies from energy bills onto general taxation. Currently the total cost of what are known as Renewables Obligation subsidies is over £8 billion a year. One way or another, we will still all have to pay for these subsidies, whether through bills or taxes.
The rest of the saving comes from the scrapping of the Energy Company Obligation, which currently funds insulation and other energy saving measures. However, this saving has already been wiped out by the Warm Homes Discount, announced a few weeks ago. This is a £150 rebate to poorer households on benefits, such as Pension Credits and Universal Credit. Everybody else, of course, has to pay more on their bills to fund this.
But what the Chancellor did not mention is that our energy bills will be nearly £7 billion a year higher by the end of this Parliament, because of Ed Miliband’s crazy Net Zero. This is equivalent to £260 for every home in the country.
These figures come from the Office for Budget Responsibility. According to their projections, the cost of Environmental Levies and the Renewable Heat Incentive will rise to £19.9 billion in 2030-31.
Most of this is paid out as direct subsidies to wind farms, solar farms and tree burning power stations such
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Surely if the taxes are built into bills and then switched to taxation, especially the warm homes scheme, it means the burden will fall onto working taxpayers since those on benefits will no longer be paying it in their bill and don’t pay income tax. Yet another incentive not to work.
Even Rachel Reeves’ own uncle has spoken out about what a pig’s ear she’s made of the Budget. I suspect he’ll be off her Christmas card list now, lol;
”Retired construction boss Mr Smith told The Sun: “It is going to cost the working class billions of pounds and leave the country worse off.
“It’s the worst Budget I’ve ever heard — and I’m 73, so I have been around for quite a few.
“Rachel is my niece and is a lovely person, but government is totally out of their depth.”
https://www.thesun.co.uk/money/37466066/rachel-reeves-uncle-budget/
According to this 84 year old Australian-Brit, Ed Milliband is the “sort of bloke that, if you went to school with him, you’d want to go up and……..”
(He has a few other things to say too…)
https://www.youtube.com/watch?v=0S8xAOrBqzo
Exactly as I (and I am sure many others) predicted. Costs are hidden. This is one of the problems with publicly run services that have a price associated with them. The price and the cost are not necessarily related, unless there are strict rules about cross subsidies. The government claim credit when the price is reduced and blame external factors when it is increased. I suppose if people are dumb enough to believe them, they deserve what they get.
The costs are not “hidden” as such. They might be unknown to people who do not have the time to investigate them, but a quick look at our electric bills which are the highest in the world along with that other silly pretend to save the planet country Germany shows what the cost is. ——All so our squirming UN/WEF lackeys can get a little gold star on their lapels from the global government people who’s Sustainable Development Agenda is about lowering living standards in the wealthy west because they say we have used more than our fair share of the fossil fuels in the ground and should make do with LESS OF EVERYTHING. —-This all starts with energy, the most important commodity in the world which dictates the cost of everything else.
If money from general taxation is being used to cover costs that would otherwise be billed to consumers the. It is hidden.
How is is it “hidden” if we are told where it is? —–It is no more “hidden” in general taxation than it is attached to bills. No one looking at their bill can tell what it consists of.
Well it’s hidden if you’re not paying attention, which most people are not. Most people will just think “Ah, my bills have gone down, that’s good”.
I don’t think it would a bad idea for some organisation to quietly start preparing a legal case against Miliband reflecting the damage he has done, (is doing), to this country. It would be fairly straightforward to quantify the financial impact.
No country can allow one intellectual unstable individual to harm a sovereign nation to such a degree. His actions are based on nothing more than virtue signalling. Could this not be seen as a modern form of treason?
His actions are based on orders from the Soros/Schwab/Davos globalist cabal, whose aim is impoverishment of western societies, accompanied by Chinese style control of the people, through the (mandatory) digital-ID (ie vaccine passport), CCTV/facial recognition, and ever more draconian measures to strangle freedom of expression. He is a key figure in their plans.
Like all the others under orders, he will be well rewarded after he leaves office. Even Treason May, who failed in her effort to leave the EU with Britain subjugated to France/Germany, thanks to (once again!) Nigel Farage, and left office weeping outside No.10, was rewarded with 6-figure sums for so-called “speaking engagements” in America.