Sasaferrato
Super Refuser!
We've always been quarterly in arrears.
Which I think will be the same rate as a prepay meter, it's only direct debit that has superficially cheaper deals... but I used to not keep on top of quarterly bills and end up getting extra charges.We've always been quarterly in arrears.
Which I think will be the same rate as a prepay meter, it's only direct debit that has superficially cheaper deals... but I used to not keep on top of quarterly bills and end up getting extra charges.
I have no doubt that the bars to entry are legion, and it's probably a ludicrously hoop-jumping exercise, but...We've not paid the water bill because it's that, the electric or the council tax and the other two will get us in more trouble if we don't pay them. Doubt I'm the only person in that position. Never mind the bits of the economy that rely on people's disposable income.
Wasn't in a position to do it this week because I didn't plan ahead. If it's actually 'worked' (and if this is true this would probably count under my definition of 'worked') I'll make sure I'm ready for it next time.According to someone on Twitter
"for anybody thinking this didn't work, think again. The UK pumped storage had to be used to balance the grid frequency. Roughly 10% of the capacity. Once it's used, it can't be re-used for many hours. Next time do it at 8, them again at 9. More people the better."
Not sure how they know this or if it's true. I think it'll happen again next week, maybe more people will join.
U.K.’s Wealth Gap and Housing Costs Risk Civil Unrest, L’Atelier BNP Says
By Philip Aldrick 24 March 2022, 00:01 GMT
- Researcher says U.K. near bottom on economic sustainability
- Analysis measures nation’s success in delivering wealth
Britain is the second most unsustainable of 36 major economies, with tensions from high housing and childcare costs coupled with wealth inequalities undermining social mobility and threatening to provoke civil unrest.
That is the conclusion of a new metric designed by L’Atelier BNP Paribas, an independent research subsidiary of the French bank. It aims to measure the success of nations in delivering wealth, moving beyond the blunt estimate of aggregate output captured by gross domestic product.
Only Latvia fared worse than the U.K. John Egan, chief executive officer of L’Atelier BNP Paribas, said the U.K. ranked so poorly due to its high cost of accommodation, which includes rents, mortgages and associated taxes, and limited support for childcare.
In London, more than half of net income is spent on housing on average compared with 25% in Berlin. That “puts pressure on households and limits social mobility,” Egan said. Germany placed sixth in the index.
With economic gains concentrated among a relatively small group and others struggling with basic living expenses, the U.K. “is failing to provide an economy able to support the core promise of equitably distributed, merit based social mobility that is integral to a healthy capitalist democracy in the medium to long term,” the report said.
Despite being the fifth largest economy on the world with solid headline GDP growth, the U.K. is at risk of “social unrest, protest and extremism,” the report said.
It noted that millennials -- those aged between 26 and 40 --are the first generation who can expect to be poorer than their parents. That’s because housing is expensive relative to incomes, inflation is at a 30 year high, and real wages are falling.
The U.S., the world’s largest economy, fared little better than the U.K, ranking 31 out of 36. Weaker economies, such as Italy, ranked higher due mainly to their lower cost of housing. Italy ranked 9th, and France 15th. Luxembourg is the most sustainable economy.
Spiralling prices risk causing unrest across Britain, warns French bank. L’Atelier BNP Paribas says UK economy is among Europe’s most fragile By Louis Ashworth 24 March 2022 • 6:39pm
The cost of living crisis risks sparking social unrest in Britain because its economy is one of the most fragile in Europe, a subsidiary of a French investment bank has warned.
L’Atelier, part of BNP Paribas, said that there is a danger of "social unrest, protest and extremism" after the UK ranked 35th out of 36 countries for its ability to deliver higher wages, lower costs and social mobility.
Only Latvia performed worse, with Spain, Greece and Lithuania making up the rest of the bottom five.
It came after the Office for Budget Responsibility warned British households face the sharpest slump in living standards on record, with inflation at a 30-year-high and tax rising.
L’Atelier’s sustainable economic barometer attempts to measure countries on their ability to drive social mobility by equitably distributing the fruits of their economic growth.
The UK’s poor score “indicates a reduced capacity to facilitate social mobility and is a strong indicator of future socio-economic protest and instability”, the report said.
It pointed to soaring inflation, wage rises that cannot keep up with the rising cost of living, and record-high prices for housing and rent.
L’Atelier said: “Combined, these factors mean the UK is failing to provide an economy able to support the core promise of equitably distributed, merit based social mobility that is integral to a healthy capitalist democracy in the medium to long term.”
Luxembourg, Norway, Sweden and Austria topped its ranking, while larger economies including the United States, Japan and Canada performed more poorly.
John Egan, chief executive of L’Atelier BNP Paribas, said: “Looking at the UK, it’s clear that improving GDP figures disguise a deeper economic failure. The low British score tells us that the UK economy is failing to deliver equitable opportunity to people living in the country.
“Some factors are unavoidable – the Covid bailouts increasing the already significant deficit, or the global downturn affecting macroeconomic measures. But others, such as the high cost of essential ingredients of living such as housing, could be fixed with the right set of policies.”
Why would a French bank have it’s finger in the pulse of the average (or revolutionary) British resident
People have been predicting this sort of stuff every year since the 2011 riots, which were hardly directly attributable to immediate changes in the economy themselves.
This civil unrest business is taking a while to get going.
if the hot weather continues eventually some sort of spark will be set alight. see also: 2011.