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UK Cost of Living Increases: Who Should The New Chancellor Support…and How ?

  The new occupant of No 11(whoever he or she may be!) has a thorny problem on their hands…and it's a significant one, and not one they can ignore.... We’re all starting to feel the pinch as a result of the most recent economic shock – Trump’s ill-advised Iran War.  We all knew the economic pain the hostilities would cause; even before they started, a large slice of our population, on low wages but not entitled to benefits were really not able to make ends meet without taking out additional high-interest loans or cutting their outgoings to the bone. For some of them, yet another economic shock may well bring them to the brink of bankruptcy. The excessive electricity and gas price rises imposed by the supplier ‘cartel’ to maintain their profit margins, and sanctioned by a compliant OFGEM, have been particularly injurious. This trend was apparent well before the start of the Iran war, so cannot be blamed on higher world prices as the suppliers claim. Many consumers hav...

Making Soccer Great Again….

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  As someone with a lifelong interest in ‘The Beautiful Game’, I must confess to being somewhat alarmed at a recent rumour emanating from the US concerning possible changes to its rules…. Fresh from his 'triumph' in getting the Iranians to agree a deal ‘The Donald’ seems to have found time in his busy schedule to address the subject of sport reform. He appears to have decided to adopt a campaign to ‘Make Soccer Great Again’ (already christened as MSGA) as a first step in this important aspect of his legacy. According to recent reports, high level discussions last week within the administration concerning promoting the MAGA agenda have apparently spawned a 'Grand Plan' for sports reform, both in the US and worldwide. The start of this campaign was designed to coincide with the US’s hosting of the football (or Soccer as it’s more correctly referred to in the US) World Cup this summer.   Trump, having been rather busy with other matters recently, has not been actively foll...

No Standing Charge Electricity Tariffs: OFGEM says they’re coming, but will they save us money ?

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A Warning to low Electricity and Gas users:   If you are anything other than a high user of both fuels, don't be tempted by offers from your supplier to fix your tariffs now.... Suppliers are now piling on the pressure to fix with a plethora of different and highly confusing offers, few if any of which include a reduction in the standing charge . These offers have been coming in thick and fast since the Iran war made a hike in prices in the July price cap almost inevitable. What's more, OFGEM are effectively 'co-conspiring' with suppliers to try to get you to fix now, by soft-pedalling on a final decision on the precise details of any SC reductions. It has allowed the supplier cartel to get away with promises of Low SC 'pilots' rather than an across the board Low SC tariff offer. OGFEM's own website gives little indication of any timescale for a future switch, merely referring to a 'consultation' on tariff revisions. There is also a nasty rumour that...