Roxanne Posted March 8, 2023 Share Posted March 8, 2023 16 minutes ago, 2bees said: Its not you, it's the NIMBY's. I don’t think anyone actually lives out there Bees. 2 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted March 8, 2023 Share Posted March 8, 2023 19 minutes ago, 0bserver said: We're going to see more shady shit like this. Nothing shady about it. It's overt, in yer face and shameless. Which all started with nobody being held accountable for it in the first instance, back in the day. 7 1 Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted March 8, 2023 Share Posted March 8, 2023 18 hours ago, Ham_N_Eggs said: No, it's based on estimates of VAT paid here and across using measures such as the household income survey. From the Govt Explanatory document: "VAT returns rendered in the UK and IoM contain only high-level information and do not provide information on the goods and services that VAT is being charged on or where those goods and services are being consumed. It is therefore necessary to undertake periodic surveys in the IoM to determine the level of goods and services which are being consumed in the IoM and then calculate the amount of VAT that would have been applied to those goods and services. " It comes down to factors like fixed local service businesses like hairdressers or tradesmen versus importing and selling on products (VAT is usually only nominally paid at the end of the chain by the end user). So in theory part of the 'value added' is back down the supply chain in the UK and vice versa where Manx products and services are sold on in the UK. Roughly, it appears to be based on GDP with all manner of adjustments. Much like many other taxes its all about rules and how they are applied. The UK can and has changed the terms to its advantage in the past and can do so again. The primary advantage for most of us is it makes trade on and off island way simpler. Quote Link to comment Share on other sites More sharing options...
WTF Posted March 8, 2023 Share Posted March 8, 2023 20 minutes ago, Non-Believer said: Nothing shady about it. It's overt, in yer face and shameless. Which all started with nobody being held accountable for it in the first instance, back in the day. yes, but once the money was spent it was spent ( or in certain accounts ) people held to account doesn't mean refunds. Quote Link to comment Share on other sites More sharing options...
mad_manx Posted March 8, 2023 Share Posted March 8, 2023 2 hours ago, woolley said: If it comes down in the UK around autumn time as mooted, then we will have to follow. We can't have our unit price at 50p or anything like if it's falling back below 30p across. That simply won't wash. Standing charge is where you can expect a major hike. Every household here will be affected. Quote Link to comment Share on other sites More sharing options...
GD4ELI Posted March 8, 2023 Share Posted March 8, 2023 5 minutes ago, mad_manx said: Standing charge is where you can expect a major hike. Every household here will be affected. Why? Standing charge increased (doubled) in the UK to pay for the smaller providers which went bust. But a far bigger part of the increase is from the “supplier of last resort” scheme – every household is expected to pay the billions that have gone into rescuing customers from failed companies. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted March 8, 2023 Share Posted March 8, 2023 26 minutes ago, WTF said: yes, but once the money was spent it was spent ( or in certain accounts ) people held to account doesn't mean refunds. A few jail sentences would be most satisfying though. Rather than subsequent pictures of people attending parties and gala evenings with a glass or two of bubbly. 3 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted March 8, 2023 Share Posted March 8, 2023 7 minutes ago, GD4ELI said: Why? Standing charge increased (doubled) in the UK to pay for the smaller providers which went bust. But a far bigger part of the increase is from the “supplier of last resort” scheme – every household is expected to pay the billions that have gone into rescuing customers from failed companies. And to think that all this privatisation from Maggie was going to drive down costs and improve services.... Watched an interesting programme on the British Water industry a few nights back. Investors (many of them foreign) have stripped almost £72Bn out of it in bonuses and dividends since privatisation in 1989 whilst illegal sewage discharges into freshwater courses have increased massively due to ageing and inadequate infrastructure. 2 Quote Link to comment Share on other sites More sharing options...
AcousticallyChallenged Posted March 8, 2023 Share Posted March 8, 2023 5 hours ago, Happier diner said: Looks like we get good value to me. Despite all the negativity about our little energy supplier https://www.gov.uk/government/publications/energy-price-guarantee-regional-rates/energy-price-guarantee-regional-rates-january-to-march-2023 But the question is, does holding it back now just means it shoots up higher for longer when it's unmanageable? So we're left paying well over the odds long after everyone else. 1 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 8, 2023 Share Posted March 8, 2023 2 hours ago, b4mbi said: So we have a power company over £500m in debt increasing prices by 60%. The same power company primarily uses natural gas to generate the power, gas that is forecast to remain at around 200p per therm for the next 5 years We have a natural gas field in our waters, that the licence holder has agreed to cap the price per therm at a maximum of 80p The development of the field could yield £8Bn in additional tax revenue over it's lifetime. I wonder what we should do???? You know, in the best interests of everyone on the Island to keep energy costs low and provide funding for the renewables? FFS, it's so bloody obvious or perhaps I'm just thick as mince? FGS they havent even started test drilling yet. I don't think anyone is holding them back. Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted March 8, 2023 Share Posted March 8, 2023 (edited) 41 minutes ago, Non-Believer said: And to think that all this privatisation from Maggie was going to drive down costs and improve services.... Watched an interesting programme on the British Water industry a few nights back. Investors (many of them foreign) have stripped almost £72Bn out of it in bonuses and dividends since privatisation in 1989 whilst illegal sewage discharges into freshwater courses have increased massively due to ageing and inadequate infrastructure. The mind boggles that anyone can believe that infrastructure should be privatised. Just think what that sort of money could do for railways, water, electric, gas, national health etc. if they were in public ownership. Instead they just line investors pockets at no advantage to the public. Edited March 8, 2023 by doc.fixit 1 1 Quote Link to comment Share on other sites More sharing options...
Moghrey Mie Posted March 8, 2023 Share Posted March 8, 2023 Chamber of Commerce not happy. https://www.manxradio.com/news/isle-of-man-news/govt-should-have-done-more-to-protect-electricity-customers/ Quote Link to comment Share on other sites More sharing options...
TheTeapot Posted March 8, 2023 Share Posted March 8, 2023 6 minutes ago, Moghrey Mie said: Chamber of Commerce not happy. https://www.manxradio.com/news/isle-of-man-news/govt-should-have-done-more-to-protect-electricity-customers/ They're never happy, never will be until the return of workhouses, indentured service and possibly slavery. 2 1 2 Quote Link to comment Share on other sites More sharing options...
Passing Time Posted March 8, 2023 Share Posted March 8, 2023 12 hours ago, Banker said: Yes anyone with reasonable numeracy could look at their accounts & tell them they need to put up prices & cut costs to stop losses. however I haven’t seen anything about costs being cut, they continue to increase wages in line with civil servants despite massive losses, there should be some sort of wage freeze for at least higher paid staff, no mention of staff reductions? They continue with massive headcount including meter readers whilst rolling out smart meters, huge fleet of expensive vehicles etc this is why they no longer have any retail outlets. The waste and management of that sections was appalling and border line criminal Quote Link to comment Share on other sites More sharing options...
Passing Time Posted March 8, 2023 Share Posted March 8, 2023 3 hours ago, TheTeapot said: They're never happy, never will be until the return of workhouses, indentured service and possibly slavery. which is another reason for cutting the size of school meals, skinny kids get up the chimneys quicker... 3 Quote Link to comment Share on other sites More sharing options...
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