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Do you want to discuss boring politics? (21 Viewers)

  • Thread starter mrtrench
  • Start date Jun 14, 2020
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PVA

Well-Known Member
  • May 26, 2022
  • #14,246
Windfall tax confirmed then.

Captain Hindsight strikes again. Oh.
 
Reactions: Sky_Blue_Dreamer, Deleted member 9744, skybluetony176 and 2 others

Philosoraptor

Well-Known Member
  • May 26, 2022
  • #14,247
Well, that's sky paid.
 
Reactions: clint van damme, wingy and skybluetony176

skybluetony176

Well-Known Member
  • May 26, 2022
  • #14,248
Vote Tory and get Labour. Tax tax tax.
 
Reactions: chohan and wingy
C

CCFCSteve

Well-Known Member
  • May 26, 2022
  • #14,249
David O'Day said:
Lads it's not a windfall tax it's a "A temporary targeted energy profits levy"
Click to expand...

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
  • May 26, 2022
  • #14,250
CCFCSteve said:
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.
Click to expand...

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

CCFCSteve

Well-Known Member
  • May 26, 2022
  • #14,251
skybluetony176 said:
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.
Click to expand...

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.
 
C

CCFCSteve

Well-Known Member
  • May 26, 2022
  • #14,252
David O'Day said:
They shouldn't of voted against a windfall tax just last week
Click to expand...

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
 

Frostie

Well-Known Member
  • May 26, 2022
  • #14,253


If it looks like a prat, sounds like a prat...
 
Reactions: oakey, AOM, skybluetony176 and 1 other person

shmmeee

Well-Known Member
  • May 26, 2022
  • #14,254
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.
 
Reactions: oakey and AOM

Otis

Well-Known Member
  • May 26, 2022
  • #14,255
David O'Day said:
Lads it's not a windfall tax it's a "A temporary targeted energy profits levy"
Click to expand...
Is that the same as a Special Military Operation?
 
Reactions: Deleted member 9744, CCFCSteve and skybluetony176

Earlsdon_Skyblue1

Well-Known Member
  • May 26, 2022
  • #14,256
Frostie said:


If it looks like a prat, sounds like a prat...
Click to expand...

Then it's probably a c**t.
 

David O'Day

Well-Known Member
  • May 26, 2022
  • #14,257
klarna chancellor - say now ditch later
 

skybluetony176

Well-Known Member
  • May 26, 2022
  • #14,258
Frostie said:


If it looks like a prat, sounds like a prat...
Click to expand...
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.
 

skybluetony176

Well-Known Member
  • May 26, 2022
  • #14,259
Otis said:
Is that the same as a Special Military Operation?
Click to expand...
Putin and Boris clearly use the same marketing company.
 
D

Deleted member 5849

Guest
  • May 26, 2022
  • #14,260
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!
 
Reactions: Sky_Blue_Dreamer and oakey
D

Deleted member 5849

Guest
  • May 26, 2022
  • #14,261
shmmeee said:
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.
Click to expand...
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
  • May 26, 2022
  • #14,262
Deleted member 5849 said:
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!
Click to expand...

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.
 

shmmeee

Well-Known Member
  • May 26, 2022
  • #14,263
Great news. Recall petition next hopefully.

 
Reactions: Ian1779
P

PVA

Well-Known Member
  • May 26, 2022
  • #14,264
 
D

Deleted member 5849

Guest
  • May 26, 2022
  • #14,265
shmmeee said:
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.
Click to expand...
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.
 
Reactions: shmmeee
D

Deleted member 9744

Guest
  • May 26, 2022
  • #14,266
Frostie said:


If it looks like a prat, sounds like a prat...
Click to expand...
Or alternatively they just haven't a clue what they are doing.
 

David O'Day

Well-Known Member
  • May 26, 2022
  • #14,267
budget is pretty shit as a the tax increases placed on the poorest workers are still there
 

David O'Day

Well-Known Member
  • May 26, 2022
  • #14,268
shmmeee said:
Great news. Recall petition next hopefully.

Click to expand...
she wanted cov south - sliding doors
 
C

CCFCSteve

Well-Known Member
  • May 26, 2022
  • #14,269
Deleted member 5849 said:
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!
Click to expand...

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
 
D

Deleted member 5849

Guest
  • May 26, 2022
  • #14,270
CCFCSteve said:
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
Click to expand...
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?!?
 
Reactions: Sky_Blue_Dreamer and Otis
C

CCFCSteve

Well-Known Member
  • May 26, 2022
  • #14,271
Deleted member 5849 said:
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?!?
Click to expand...

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.
 

David O'Day

Well-Known Member
  • May 26, 2022
  • #14,272
CCFCSteve said:
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.
Click to expand...
wholesale gas prices are dropping so why is the cap rising
 
D

Deleted member 5849

Guest
  • May 26, 2022
  • #14,273
CCFCSteve said:
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.
Click to expand...

Revealed: Big Six energy firms banked more than £7bn profit in last five years

Exclusive: Investigation sheds light on top energy firms’ finances ahead of price cap rise
www.independent.co.uk

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?!?
 
C

CCFCSteve

Well-Known Member
  • May 26, 2022
  • #14,274
David O'Day said:
wholesale gas prices are dropping so why is the cap rising
Click to expand...

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

Why the UK's tumbling gas price and surplus won't lower energy bills

Energy prices are among the chief villains in inflation soaring to 9%, yet wholesale gas prices in the UK have collapsed due to a glut.
www.thisismoney.co.uk
 
C

CCFCSteve

Well-Known Member
  • May 26, 2022
  • #14,275
Deleted member 5849 said:

Revealed: Big Six energy firms banked more than £7bn profit in last five years

Exclusive: Investigation sheds light on top energy firms’ finances ahead of price cap rise
www.independent.co.uk

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?!?
Click to expand...

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
 
Last edited: May 26, 2022

skybluetony176

Well-Known Member
  • May 26, 2022
  • #14,276

#partyofthepeople
 
Reactions: stupot07 and Sky Blue Pete
D

Deleted member 5849

Guest
  • May 26, 2022
  • #14,277
CCFCSteve said:
Ofgem sets the cap not the companies
Click to expand...
Really! I'd never known that!!!! Astounding!
 
Reactions: CCFCSteve
C

CCFCSteve

Well-Known Member
  • May 26, 2022
  • #14,278
Deleted member 5849 said:
Really! I'd never known that!!!! Astounding!
Click to expand...

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 !
 
D

Deleted member 5849

Guest
  • May 26, 2022
  • #14,279
CCFCSteve said:
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 !
Click to expand...
But that's not really my point...
 
C

CCFCSteve

Well-Known Member
  • May 26, 2022
  • #14,280
Deleted member 5849 said:
But that's not really my point...
Click to expand...

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.

Deleted member 5849 said:
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?!?
Click to expand...

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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