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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 last month following the latest price cap rise, and the unexpected rise in the cap from January, and 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.  Their own website gives little indication of any timescale for a switch, merely referring to a 'consultation' on tariff revisions. There is also a nasty rumour that OFGEM has caved in even further to the cartel and is likely to set a minimum consumption level (ca 666 kWh for electricity and 2500kWh for Gas) ...

The Iran War: What are Trump’s Options and How Bad Could It Get ?

  Donald Trump has a problem on his hands…and the USA as a nation now has an even bigger one.... Having been persuaded by his advisors and Netanyahu that an all-out attack on the Iranian regime and its military wing, the IRGC, was the best solution to the ‘Iranian problem’, Trump was clearly expecting the war to be over in a matter of days. This still seems to be his 'default' position for any campaign he starts, despite the lessons already provided by the Ukraine war and the continued attacks by all 3 of the Iranian proxies in the face of massive bombing campaigns since the October 7th HAMAS attack. Despite the intense battering he and the Israelis have administered over a wide area of Iran in the last fortnight, and the cumulative and continuing decapitation of the old leadership in targeted Israeli raids, the Iranian military in the form of the IRGC are still managing to bombard their arab neighbours with their remaining stock of missiles and drones. More importantly f...

What’s Wrong with Our UK Tax System ?

In short – it stifles incentive and enterprise, thus reducing our nation's productivity and its capacity to generate wealth..... Let me try to explain.... The Covid pandemic, Brexit, and more recently the worldwide ‘cost of living crisis’ have undoubtedly put a huge strain on many western economies since the start of the decade, and the UK is no exception.  The many billions gobbled up by pandemic costs and the UK's furlough scheme in particular were but one example of the financial challenges we faced, and the debt incurred will still have to be paid for somehow.  Raising taxes was a logical response during the first years of the pandemic in an attempt to pay down some of our mounting debt. Maintenance of ultra-low interest rates and effectively ‘printing money’ via quantitative easing was another means adopted to try and soften the immediate economic blow in the late 2010s, but unfortunately had the effect of making the economy appear far more robust than it actually was...