hissingsid Posted March 17, 2022 Share Posted March 17, 2022 I agree with Numbnuts this increase will be the final nail in the coffin for small businesses especially in the food section people have cut back on eating and drinking out since the pandemic if prices go up, as they will, it will discourage meals out for sure. 3 Quote Link to comment Share on other sites More sharing options...
Dave Hedgehog Posted March 17, 2022 Share Posted March 17, 2022 Have they said if the funfair is over for TT yet? If so I may pop down and get some tips on how to tap into the electricity supply to the lamppost outside my house. 6 Quote Link to comment Share on other sites More sharing options...
Rob Callister Posted March 17, 2022 Share Posted March 17, 2022 16 minutes ago, Hugh Mungus said: Not normally one to respond on these forums i'm a long time lurker but this is something thats got my goat enough that i feel i need to comment. Unless i have missed something (which is entirely possible...) its not a 30% increase but a 32.25% increase just being introduced in a sneaky way. 15% increase next month followed by another 15% increase in July will result in 32.25% overall. £100 x 1.15 = £115 £115 x 1.15 = £132.25 If they need 32.25% just tell us and don't try to hide the increase with sneaky mathematics...... Thank you for all the comments this morning.... Happy to confirm that both 15% increases will be based on the current tariffs, and not from the April tariff increase. 1 Quote Link to comment Share on other sites More sharing options...
Hugh Mungus Posted March 17, 2022 Share Posted March 17, 2022 1 minute ago, Rob Callister said: Thank you for all the comments this morning.... Happy to confirm that both 15% increases will be based on the current tariffs, and not from the April tariff increase. Thanks for confirmation @Rob Callister Quote Link to comment Share on other sites More sharing options...
Banker Posted March 17, 2022 Share Posted March 17, 2022 46 minutes ago, Passing Time said: What they pay in the UK means nothing to people living on the island. UK residents can shop around for cheaper food etc which can and will help absorb any increases in utility prices. We on the Island cannot What’s your solution to energy prices then? IOMG can’t subsidize it for everyone as the money will have to come from somewhere eg increased taxes! Quote Link to comment Share on other sites More sharing options...
Passing Time Posted March 17, 2022 Share Posted March 17, 2022 49 minutes ago, GD4ELI said: All food prices are increasing, even ALDI and LIDL. Not everyone has easy access to multiple stores. There is more access to cheaper shopping than there is here on the Island 1 Quote Link to comment Share on other sites More sharing options...
Passing Time Posted March 17, 2022 Share Posted March 17, 2022 32 minutes ago, hissingsid said: I agree with Numbnuts this increase will be the final nail in the coffin for small businesses especially in the food section people have cut back on eating and drinking out since the pandemic if prices go up, as they will, it will discourage meals out for sure. Numbnuts?? Quote Link to comment Share on other sites More sharing options...
Passing Time Posted March 17, 2022 Share Posted March 17, 2022 8 minutes ago, Banker said: What’s your solution to energy prices then? IOMG can’t subsidize it for everyone as the money will have to come from somewhere eg increased taxes! If I had a solution Banker, I would plaster it over every forum I could. I am just pointing out the savage effect this will have Quote Link to comment Share on other sites More sharing options...
Eris Posted March 17, 2022 Share Posted March 17, 2022 Such is only one of the consequences of allowing monopolies. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 17, 2022 Share Posted March 17, 2022 7 minutes ago, Passing Time said: There is more access to cheaper shopping than there is here on the Island I am a bit confused as to why you think this is at all relevant. TABITM Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 17, 2022 Share Posted March 17, 2022 4 minutes ago, Passing Time said: If I had a solution Banker, I would plaster it over every forum I could. I am just pointing out the savage effect this will have I think everyone can work that out for themselves. Quote Link to comment Share on other sites More sharing options...
Passing Time Posted March 17, 2022 Share Posted March 17, 2022 1 minute ago, Happier diner said: I am a bit confused as to why you think this is at all relevant. TABITM you can't work that out for yourself? Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted March 17, 2022 Share Posted March 17, 2022 (edited) 18 minutes ago, Banker said: What’s your solution to energy prices then? IOMG can’t subsidize it for everyone as the money will have to come from somewhere eg increased taxes! Government might invest right now in the installation of some wind turbines to generate renewable energy using some of the £260m in the Sustainable Bond Reserve This may well even over the short term provide lower cost electricity than that produced using fossil fuels when that market is in something of a crisis Edited March 17, 2022 by SleepyJoe Quote Link to comment Share on other sites More sharing options...
Eris Posted March 17, 2022 Share Posted March 17, 2022 Go nuclear and sell excess production to UK. 1 1 Quote Link to comment Share on other sites More sharing options...
finlo Posted March 17, 2022 Share Posted March 17, 2022 2 minutes ago, SleepyJoe said: Government might invest right now in the installation of some wind turbines to generate renewable energy using some of the £260m in the Sustainable Bond Reserve This may well even over the short term provide lower cost electricity than that produced using fossil fuels when that market is in something of a crisis You can just imagine our lots efforts costing hundreds of millions! 1 Quote Link to comment Share on other sites More sharing options...
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