2022 Personal Finan...
 

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[Closed] 2022 Personal Finances - how tough will it be?

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Posts: 13594
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but in the UK we twiddle with the market in the hope that it will result in storage being kept/increased

Worse, we chose to shut down our large storage facility to save money, then allowed the supply to be provided by companies run out of bedrooms with the financial clout of a 12 year who couldn't hedge their way out of a paper bag, let alone buy £bn of gas in long term contracts.....


 
Posted : 07/10/2021 4:32 pm
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Firstly, dont be fooled by that, its not free,its paid for by the tax payer

Unless your able to opt out the tax it's a service availible to you for no extra cost to what you normally pay.

That's close enough to "free" for me


 
Posted : 07/10/2021 4:42 pm
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we chose to shut down our large storage facility to save money, then allowed the supply to be provided by companies run out of bedrooms with the financial clout of a 12 year who couldn’t hedge their way out of a paper bag

You are quite right… financial fiddling instead of holding a surplus inside the country at all. The opposite of planning in security.

Anyway, add an increase in Council Tax to your increasing non-discretionary outgoings…

https://twitter.com/skynews/status/1446003158606548992?s=21


 
Posted : 07/10/2021 4:45 pm
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Worse, we chose to shut down our large storage facility to save money, then allowed the supply to be provided by companies run out of bedrooms with the financial clout of a 12 year who couldn’t hedge their way out of a paper bag, let alone buy £bn of gas in long term contracts…..

Whilst also moving towards a requirement for gas-fired power plants to balance variable renewable energy.


 
Posted : 07/10/2021 4:46 pm
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And narrowing which renewals we rely on (by all but stopping any new on land wind, solar, tidal, and pump store developments).


 
Posted : 07/10/2021 4:49 pm
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The more I read this thread the more I'm thinking we sell up and annex the parents barn in France.


 
Posted : 07/10/2021 4:50 pm
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The more I read this thread the more I’m thinking we sell up and annex the parents barn in France.

They'll be having all the problems we have *plus* they'll be bailing out Italy and Spain.


 
Posted : 07/10/2021 4:55 pm
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What having to import gas to prop up their lack of electricity ?

Managing to stunt industry /cause consumer fuel poverty and still not allay fears of actual shortages and brownouts come winter....in the process

Major lack of truck drivers /limited po of supply ?


 
Posted : 07/10/2021 4:58 pm
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What having to import gas to prop up their lack of electricity ?

Good point, I take that back.

France have plenty of nuclear capacity and space to build more, they have reliable carbon free energy, we don't.

We're substantially more ****ed than them.


 
Posted : 07/10/2021 5:02 pm
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Yeah it's no utopia.....but it's got more going for it than here right now


 
Posted : 07/10/2021 5:03 pm
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Yeah it’s no utopia

It's not far off. More space, they respect their kids and vice versa. They have the med, they have mountains.


 
Posted : 07/10/2021 5:07 pm
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And narrowing which renewals we rely on (by all but stopping any new on land wind, solar, tidal, and pump store developments).

It's almost like there is no proper energy strategy for the country...

Still I suspect it's all the EU's fault, so that's OK then.


 
Posted : 07/10/2021 5:09 pm
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What having to import gas to prop up their lack of electricity ?

No, you're thinking of Germany, mostly Russian gas keeping them going.


 
Posted : 07/10/2021 5:19 pm
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No, you’re thinking of Germany, mostly Russian gas keeping them going.

Fact check ? Why is our electricity skyrocketing due to gas prices if we don't need gas to prop up our electric. There should be an uncoupling if one wasn't depending on the other....and there isn't


 
Posted : 07/10/2021 5:22 pm
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It’s almost like there is no proper energy strategy for the country…

It's called "leave it to the market" - it's a strategy, but you're right, not a proper one.


 
Posted : 07/10/2021 5:23 pm
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Re: nursery fees. Yes obviously we ‘can’ afford it, insofar as the mortgage isn’t going to go unpaid. But I don’t get to the end of each month and think “what am I going to do with this £1300 just sat here?!”, I’m not totally sure where it’ll come from, but it’ll be alright I’m sure. We could send her somewhere cheaper, marginally, or mrs njee20 could not work, it doesn’t make financial sense for her to in the short term, but as said previously I think nursery is great for parents and children, my son loved it (luckily he started school last month, so we’re not paying for both together) and it’s only for a few years until it all changes again.


 
Posted : 07/10/2021 5:30 pm
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https://www.bbc.co.uk/news/business-58637094

We now import more than half our gas - much of it from Norway, and a considerable amount from the Netherlands and Belgium.

The UK has been badly hit because it's one of Europe's biggest users of natural gas - 85% of homes use gas central heating, and it also generates a third of our electricity.

That BBC article is basic but informative. Recommended reading before making any comments on UK gas supplies.


 
Posted : 07/10/2021 5:33 pm
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We now import more than half our gas –

I don't want to scare anyone but it's not just energy we aren't self sufficient in - there's food as well. And energy self sufficiency *can* be fixed if we have to. Food can't.

If people want us to be self-sufficient we need to reduce our population.

And that will help reduce our carbon footprint.


 
Posted : 07/10/2021 5:39 pm
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There’s not much that’s essential and we’re “self sufficient” in. And we can’t be, which is why we need smooth access to our connected markets and strategies to cope with the things we used to coordinate Europe wide but now have lost control of (Internal Energy Market, Common Agricultural Policy etc). It’s one thing to decide not to be involved with Europe wide food and energy security planning, but that means doing it ourselves, on our own. Ask anyone in UK food production of any kind, at any level, if they have seen any sign that our government is even interested in doing the job the PM and cabinet persuaded them to let us give them. They wanted to take full control of keeping us fed and warm… so they should get on and do it. Remembering that they promised lower prices would result from that as well.


 
Posted : 07/10/2021 5:46 pm
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The more I read this thread the more I’m thinking we sell up and annex the parents barn in France

For 90days......


 
Posted : 07/10/2021 5:56 pm
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