Gas Prices

So the price cap will rise in April and then in October? Do the government care about the population? They cut the amount of universal credit, inflation and brexit are making food prices rise.

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Reply 1

ThomH97

Everything's going to get more expensive because of the debt taken on to get us through Covid without the economy fully going. Whether all that money was necessary or wisely spent is up for debate, but it will need to be paid for.

Reply 2

username4986690

The Government has never cared about the vast majority of the population, they exist to make the rich richer.

Poverty has increased over the last 10 years and the Tories have ignored it.

Reply 3

L i b

Original post by DiddyDec

Poverty has increased over the last 10 years and the Tories have ignored it.

I mean, I know you won't care to listen, but it hasn't increased in any statistically significant way by the main accepted measures.

Inequality in Britain has been pretty flat since about 1990. If anything, boring consistency is the real takeaway from these stats.

I think we're at a stage where we're presenting fairly normal market fluctuations as disastrous. Gas prices had been at a low, they're gone up a bit - not to any sort of unheard of level. They might go up more and that could be significant, but it's not some sort of disaster.

Ditto inflation. Again, at low levels, gone up a bit. This bump probably isn't particularly positive in terms of the wider economy - but some level of inflation is certainly part of a normal, well-functioning economy - you can't have one without the other.

Reply 4

Napp

What price cap? Gas being a traded commodity has a market price, i wasnt aware the government subsidises it, as opposed to tax the crap out of it..
As to the next question, no, no government cares about anyone other than their base and only during election season.

Reply 5

Quady

Original post by ThomH97

Who's debt, and how is it connected to the price of gas...?

Reply 6

Quady

Original post by Napp

The price cap for selling to retail consumers.

The government doesn't subsidise it, which is why a bunch of energy selling Middle people are going bust as they can only sell at a loss.

Reply 7

Napp

Original post by Quady

The price cap for selling to retail consumers.

The government doesn't subsidise it, which is why a bunch of energy selling Middle people are going bust as they can only sell at a loss.

Ah gotcha. Do you have a link for some background to this by any chance?

Reply 8

Quady

Original post by Napp

Ah gotcha. Do you have a link for some background to this by any chance?

https://www.thesun.co.uk/money/16218447/what-is-the-energy-price-cap/amp/

Reply 9

Johnnava

I presume that the gas crisis will be over by April and prices will fall back down.

Reply 10

hotpud

The government's price cap is part of the problem. They are trying to regulate something they don't really have control over. What they should have done is force energy companies to make cheaper tariffs available to the poorer in society or implement a plan to put everyone online meaning the poorest in society would have access to the cheapest online tariffs and price comparison sites.

Original post by ThomH97

Nah - debt is the least of our worries right now. As a proportion of spending debt repayments have stayed largely the same over the last several years simply because interest rates keep falling. It is only if inflation starts walloping us and interest rates rise that we end up in trouble.

Reply 11

HansLuben

The population is getting exactly what it voted for, I don't see the problem...

Reply 12

Quady

Original post by hotpud

The government's price cap is part of the problem. They are trying to regulate something they don't really have control over.

If the government control something then they don't need to regulate it.

Reply 13

Joleee

afaik gas prices are regulated by private companies who sell gas and not the government. happy to be corrected tho.

Reply 14

Quady

Original post by Joleee

afaik gas prices are regulated by private companies who sell gas and not the government. happy to be corrected tho.

Post #9

Reply 15

hotpud

Original post by Quady

If the government control something then they don't need to regulate it.

I think you are being pedantic. If gas costs £2 a unit but the government say you can't charge more than £1 a unit, it stands to reason the whole system is going to collapse as we are currently seeing.