richardiox
Junior Member
Semi proficient
Posts: 1,658
|
Post by richardiox on Mar 31, 2023 11:42:02 GMT
True but at some point profits/ dividends need to take a hit as opposed to the costs just being passed down to the public across the board. This will never happen. They'll default before they will lower their margins.
Tragic isn't it. |
|
|
|
Post by stuz359 on Mar 31, 2023 21:26:28 GMT
If you actually look at the numbers, 90% of the gains in income distribution went to the top 1%
We should have had a revolution, or at least a reset in 2008. Socialism for the rich, austerity for the rest of us etc...
|
|
zagibu
Junior Member
Posts: 1,958
Member is Online
|
Post by zagibu on Mar 31, 2023 21:59:39 GMT
Most people seem to enjoy being divided and conquered.
|
|
mcmonkeyplc
Junior Member
General Martok Qapla!
Posts: 3,091
|
Post by mcmonkeyplc on Apr 1, 2023 8:55:07 GMT
Also playing devil's advocate for the telecoms company...their networks run on electricity. Energy costs have gone up massively. True but at some point profits/ dividends need to take a hit as opposed to the costs just being passed down to the public across the board. Some of this financial situation would be easier to stomach if many of these companies weren't also reporting record profits enabling the (usually) already wealthy shareholders/investors to get even more wealthy at our expense. The public has nobody to pass our increased costs on to and we've had 13 years of wage stagnation to boot. Whilst I agree with you, you won't be finding a telecoms company or really any company outside of the energy and tech sectors making record profits off this. |
|
|
|
Post by dfunked on Apr 1, 2023 9:05:46 GMT
They must be making decent money if it's still worth retaining customers at less than last year's prices. For every savvy customer, there's probably 10 who just accept the price hikes too.
|
|
mcmonkeyplc
Junior Member
General Martok Qapla!
Posts: 3,091
|
Post by mcmonkeyplc on Apr 13, 2023 13:37:11 GMT
grid.iamkate.com/Great dashboard showing how the current electricity is being generated in the UK.
|
|
|
|
Post by Bill in the rain on Apr 13, 2023 13:58:03 GMT
|
|
Goban
New Member
Posts: 320
|
Post by Goban on May 11, 2023 10:30:35 GMT
A question for the hive mind.
My mortgage is due for renewal, and I've been offered a fixed rate for 5 yrs that will increase my payments by £130 a month. My finances are ridiculously tight, but this seems like a good deal.
I'm just concerned about fixing for that long on current rates.
Any thoughts?
|
|
technoish
Junior Member
Posts: 2,779
Member is Online
|
Post by technoish on May 11, 2023 10:36:00 GMT
A question for the hive mind. My mortgage is due for renewal, and I've been offered a fixed rate for 5 yrs that will increase my payments by £130 a month. My finances are ridiculously tight, but this seems like a good deal. I'm just concerned about fixing for that long on current rates. Any thoughts? Need.more.data. What rate are you on now? What is new rate? How much do you currently pay monthly? How many years left on mortgage. |
|
|
|
Post by GigaChad Sigma. on May 11, 2023 10:48:04 GMT
A question for the hive mind. My mortgage is due for renewal, and I've been offered a fixed rate for 5 yrs that will increase my payments by £130 a month. My finances are ridiculously tight, but this seems like a good deal. I'm just concerned about fixing for that long on current rates. Any thoughts? Tough to say. If mine was due for renewal a £130 increase would be very tempting. I suspect mine will be £200-300ish. Will they drop next year? Hopefully but I doubt they'll get back to the 2020 figures anytime soon. Of course it all depends on the total amount, fees, the percentage increase on what you normally pay etc. |
|
Goban
New Member
Posts: 320
|
Post by Goban on May 11, 2023 15:12:12 GMT
A question for the hive mind. My mortgage is due for renewal, and I've been offered a fixed rate for 5 yrs that will increase my payments by £130 a month. My finances are ridiculously tight, but this seems like a good deal. I'm just concerned about fixing for that long on current rates. Any thoughts? Need.more.data. What rate are you on now? What is new rate? How much do you currently pay monthly? How many years left on mortgage. Current rate is 3.3% New rate is 4.06% Currently pay £690 17 yrs left on mortgage |
|
Goban
New Member
Posts: 320
|
Post by Goban on May 11, 2023 15:14:15 GMT
A question for the hive mind. My mortgage is due for renewal, and I've been offered a fixed rate for 5 yrs that will increase my payments by £130 a month. My finances are ridiculously tight, but this seems like a good deal. I'm just concerned about fixing for that long on current rates. Any thoughts? Tough to say. If mine was due for renewal a £130 increase would be very tempting. I suspect mine will be £200-300ish. Will they drop next year? Hopefully but I doubt they'll get back to the 2020 figures anytime soon. Of course it all depends on the total amount, fees, the percentage increase on what you normally pay etc. For a 2 yr fixed rate it's over £200 extra so this is a decent saving over the next two years. Hopefully beyond that I won't be in such a precarious financial situation. |
|
geefe
Full Member
Short for Zangief
Posts: 8,323
|
Post by geefe on May 11, 2023 17:20:26 GMT
I've started lobbing £200 a month at overpayments as I fixed at 2.5% before Liz Truss happened. She really has fucked it for everyone.
Due to renew in 2025 and hoping with my overpayments I'll be
/Checks notes
Paying the same as I am now -_-
|
|
|
|
Post by Zomoniac on May 12, 2023 8:39:45 GMT
Had to buy a first class stamp yesterday. They are now ONE POUND AND TEN PENCE. Without wishing to go into old man yells at cloud territory, when I first started selling stuff online (when most of y'all were probably already middle aged) a first class stamp was 26 pence. That's an over 400% increase since then, for a service that is less good. Nice one Tories.
|
|
mcmonkeyplc
Junior Member
General Martok Qapla!
Posts: 3,091
|
Post by mcmonkeyplc on May 19, 2023 11:38:55 GMT
Received this email from shell
That's nice but I expect my bills to be lower than last year fuckwits.
|
|
|
|
Post by Dougs on May 19, 2023 11:41:22 GMT
It's why the Octopus tracker is doing so well (for those lucky ones)
|
|
|
|
Post by dfunked on May 19, 2023 11:41:46 GMT
Aren't they all still sticking to the energy price cap for any tariffs? You're still pretty fucked until the next one in July, which should be a hefty drop.
|
|
|
|
Post by Dougs on May 19, 2023 11:42:44 GMT
It's expected to drop but not significantly. By about £500 IIRC
|
|
mcmonkeyplc
Junior Member
General Martok Qapla!
Posts: 3,091
|
Post by mcmonkeyplc on May 19, 2023 11:43:10 GMT
Aren't they all still sticking to the energy price cap for any tariffs? You're still pretty fucked until the next one in July, which should be a hefty drop. Fingers crossed. |
|
|
|
Post by Dougs on May 19, 2023 11:44:23 GMT
|
|
mcmonkeyplc
Junior Member
General Martok Qapla!
Posts: 3,091
|
Post by mcmonkeyplc on May 19, 2023 12:02:59 GMT
Marvellous that should help in the autumn. I'm paying £75 just for a quote on external solid wall insulation. The other quote I have for it is £20k. We need it but I really don't want to pay 20k  Maybe sell the house  ... |
|
Vortex
Full Member
Harvey Weinstein's Tattered Penis
is apparently a mangina.
Posts: 5,406
|
Post by Vortex on May 19, 2023 12:43:08 GMT
Oof.
Probably cheaper to buy a newer house with better insulation at that price!
|
|
dogbot
Full Member
Posts: 8,738
|
Post by dogbot on May 19, 2023 12:52:57 GMT
My two year fixed deal runs out in July. Gutted.  |
|
Tomo
Junior Member
Posts: 3,504
|
Post by Tomo on May 19, 2023 13:17:32 GMT
|
|
|
|
Post by Dougs on May 19, 2023 13:18:42 GMT
All one massive grift as far as I can tell.
|
|
geefe
Full Member
Short for Zangief
Posts: 8,323
|
Post by geefe on May 19, 2023 14:18:02 GMT
Marvellous that should help in the autumn. I'm paying £75 just for a quote on external solid wall insulation. The other quote I have for it is £20k. We need it but I really don't want to pay 20k Maybe sell the house ... I got quoted about 2.5k per room and that was last year. Fucking no point. |
|
geefe
Full Member
Short for Zangief
Posts: 8,323
|
Post by geefe on May 19, 2023 14:21:23 GMT
All one massive grift as far as I can tell. Energy companies played a blinder making prices juuuust the right side of unaffordable. They get the most money but not too much that people are up in arms. |
|
|
|
Post by Bill in the rain on May 19, 2023 14:41:48 GMT
14% Electric increase here from next month. I realise compared to what you're dealing with in the UK that's probably titchy, but it's still going to be a bit tough.
Just in time for the hot humid hell that is rainy season and means you have to run your AC pretty much 24/7.
|
|
technoish
Junior Member
Posts: 2,779
Member is Online
|
Post by technoish on May 19, 2023 15:10:08 GMT
Marvellous that should help in the autumn. I'm paying £75 just for a quote on external solid wall insulation. The other quote I have for it is £20k. We need it but I really don't want to pay 20k Maybe sell the house ... I got quoted about 2.5k per room and that was last year. Fucking no point. Thing is, the materials aren't that expensive if doing internally. If you get an electrician to do the sockets, and a plasterer to finish, it's possibly within competent DIY territory. Redoing any cornices makes it more difficult though. (And my front walls have a curved bay window....) |
|
mcmonkeyplc
Junior Member
General Martok Qapla!
Posts: 3,091
|
Post by mcmonkeyplc on May 19, 2023 20:44:05 GMT
I got quoted about 2.5k per room and that was last year. Fucking no point. Thing is, the materials aren't that expensive if doing internally. If you get an electrician to do the sockets, and a plasterer to finish, it's possibly within competent DIY territory. Redoing any cornices makes it more difficult though. (And my front walls have a curved bay window....) Internal?! I ain't losing space inside to insulation! I'm also incompetent so would some how burn the house down. |
|
...
