Sharp Posted January 4, 2008 Share Posted January 4, 2008 ITV news have it that gas prices in the UK are to increase by 20% and electric by 17% today, what will be the increase on the Island be I wonder, Link to comment Share on other sites More sharing options...
ai_Droid Posted January 4, 2008 Share Posted January 4, 2008 ITV news have it that gas prices in the UK are to increase by 20% and electric by 17% today, what will be the increase on the Island be I wonder, And yet inflation is 3%, how does that stack up? Link to comment Share on other sites More sharing options...
Sharp Posted January 4, 2008 Author Share Posted January 4, 2008 http://business.timesonline.co.uk/tol/busi...icle3129381.ece Link to comment Share on other sites More sharing options...
Cambon Posted January 4, 2008 Share Posted January 4, 2008 ITV news have it that gas prices in the UK are to increase by 20% and electric by 17% today, what will be the increase on the Island be I wonder, And yet inflation is 3%, how does that stack up? Easy - Inflation under labour is 3%. If figure comes out that will make inflation exceed 3% then it is excluded from the inflation figure and the Government say the increase was due to "market forces". Examples are oil, petrol, house prices, electricity, gas, etc. Every figure under labour is now so distorted it makes them no longer viable as a government. The sooner brooon calls the uk electio the better. I expect it will give the MEA the excuse to put in an extra rise over here too. Link to comment Share on other sites More sharing options...
ai_Droid Posted January 4, 2008 Share Posted January 4, 2008 Easy - Inflation under labour is 3%. If figure comes out that will make inflation exceed 3% then it is excluded from the inflation figure and the Government say the increase was due to "market forces". Examples are oil, petrol, house prices, electricity, gas, etc. Every figure under labour is now so distorted it makes them no longer viable as a government. The sooner brooon calls the uk electio the better. Really? Can you provide specific examples? I'm looking at the basket here: http://www.statistics.gov.uk/elmr/04_07/do...7_Wingfield.pdf Electricity is there, as is Oil Gas and Coal as heating fuels. Oil & Petrol are there too, and motor oil. In fact, according to the document above, the weighting for fuel and light actually increased from 31 to 39 in 2007. House prices arent in, but they never have been, but mortgage fees were added this year. Rent is in there. The items removed are documented but don't seem to be anything to do with the political reasons you're suggesting, they're just stuff people no longer buy like CRT TV's and video tapes. You got something to back up what you're saying? Link to comment Share on other sites More sharing options...
triskelion Posted January 4, 2008 Share Posted January 4, 2008 ITV news have it that gas prices in the UK are to increase by 20% and electric by 17% today, what will be the increase on the Island be I wonder, And yet inflation is 3%, how does that stack up? Easy - Inflation under labour is 3%. If figure comes out that will make inflation exceed 3% then it is excluded from the inflation figure and the Government say the increase was due to "market forces". Examples are oil, petrol, house prices, electricity, gas, etc. Every figure under labour is now so distorted it makes them no longer viable as a government. The sooner brooon calls the uk electio the better. Be that as it may, the true inflation figure is hardly in the region of 17-20%. Nor is the fault of the UK's Labour Government that fuel prices are trebled in recent years, or that consumers seem to simply refuse to spend less money on inflation drivers like those you list. Or indeed market hype and panic has sent oil prices way above the actual value of the commodity. I don't think we could expect a PR Dave Government to be much more open or honest frankly. The MEA buys gas somewhat in advance (which is why falls in gas prices are not immediately followed by a decline in price per unit), so I wouldn't have thought there would be any imminent price rise. That said, with the price of gas having gone up, it would hardly be unreasonable to do so at some stage. Link to comment Share on other sites More sharing options...
Albert Tatlock Posted January 4, 2008 Share Posted January 4, 2008 I'm just glad I'm on oil - and filled my tank before xmas Link to comment Share on other sites More sharing options...
ai_Droid Posted January 4, 2008 Share Posted January 4, 2008 I'm just glad I'm on oil - and filled my tank before xmas Aye, it's not like the oil price has just hit an all time high or anything... Link to comment Share on other sites More sharing options...
Lonan3 Posted January 4, 2008 Share Posted January 4, 2008 The items removed are documented but don't seem to be anything to do with the political reasons you're suggesting, they're just stuff people no longer buy like CRT TV's and video tapes. You got something to back up what you're saying? No, of course not. He's a Conservative. Link to comment Share on other sites More sharing options...
Katman Posted January 4, 2008 Share Posted January 4, 2008 The Price quoted (4% for November) is and average. Download the file here: http://www.gov.im/treasury/economic/data/inflation.xml and you can check to see how much virtually everything went up (or down in a few cases). Coal and Solid Fuels went up by 7.2% Electricity up by 6.3% Gas fell by 4.1% Heating Oil up by 18.6% Link to comment Share on other sites More sharing options...
bluemonday Posted January 4, 2008 Share Posted January 4, 2008 Petrol to follow? Link to comment Share on other sites More sharing options...
ai_Droid Posted January 4, 2008 Share Posted January 4, 2008 I'm just glad I'm on oil - and filled my tank before xmas Guffaw! Gas fell by 4.1% Heating Oil up by 18.6% Link to comment Share on other sites More sharing options...
Sharp Posted January 4, 2008 Author Share Posted January 4, 2008 US prices http://www.eia.doe.gov/bookshelf/brochures/rep/ http://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp Link to comment Share on other sites More sharing options...
Katman Posted January 4, 2008 Share Posted January 4, 2008 Biggest riser at 25.6% increase over the year - eggs. Link to comment Share on other sites More sharing options...
Celt Posted January 4, 2008 Share Posted January 4, 2008 The MEA buys gas somewhat in advance (which is why falls in gas prices are not immediately followed by a decline in price per unit), The MEA only act as a handling agent for Manx Gas. Therefore Manx Gas buy and charge what they want. Link to comment Share on other sites More sharing options...
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