Happier diner Posted March 13, 2023 Share Posted March 13, 2023 2 hours ago, cissolt said: Dr Alex stated during the ongoing economic committee meeting that the increase is to pay the MUAs built up debt during the price freeze not a reflection on the current gas costs. https://twitter.com/tynwaldinfo/status/1635213415278071815?s=20 Wow. That's a bit controversial. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted March 13, 2023 Share Posted March 13, 2023 6 hours ago, cissolt said: Dr Alex stated during the ongoing economic committee meeting that the increase is to pay the MUAs built up debt during the price freeze not a reflection on the current gas costs. https://twitter.com/tynwaldinfo/status/1635213415278071815?s=20 Sounds like a bit of a Govt silo-instigated whoopsie after Johnson tried to blame gas prices (just before stepping aside for Crookall). A bit like Treasury saying the roads are so good that they don't need any money spending on them whilst a Govt minister announces a hike in road tax to pay for road maintenance. It just shows how little these departments talk to each other and more importantly how mendacious the fuckers really are. 2 Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted March 13, 2023 Share Posted March 13, 2023 3 minutes ago, Non-Believer said: Sounds like a bit of a Govt silo-instigated whoopsie after Johnson tried to blame gas prices (just before stepping aside for Crookall). A bit like Treasury saying the roads are so good that they don't need any money spending on them whilst a Govt minister announces a hike in road tax to pay for road maintenance. It just shows how little these departments talk to each other and more importantly how mendacious the fuckers really are. Part of the problem is there are two types of politics at work. One with a capital P, which is all the public posturing and pronouncement and the other one with the lowercase p which happens behind closed doors and is like office politics but on steroids. The other part is those who benefit from the bunker mentality by playing one against the other to distract attention from themselves. One shot questions in the Keys are a good example. Somebody is primed with a 'killer question' but is then unable to deal with the response in a meaningful or even coherent way. Quote Link to comment Share on other sites More sharing options...
hissingsid Posted March 13, 2023 Share Posted March 13, 2023 There will be consequences when these rises take place, Strand Street has empty shops already there will be more, lots more. 2 Quote Link to comment Share on other sites More sharing options...
Banker Posted March 14, 2023 Share Posted March 14, 2023 8 hours ago, hissingsid said: There will be consequences when these rises take place, Strand Street has empty shops already there will be more, lots more. Like who , most are large chains, coffee shops & charity shops which seem to be doing ok Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 14, 2023 Share Posted March 14, 2023 8 hours ago, hissingsid said: There will be consequences when these rises take place, Strand Street has empty shops already there will be more, lots more. Surely only those that have a very high electricity use. If the business is so fragile that the electricity price rise is going to kill them I suggest that, sadly, it was only a matter of time anyway. Quote Link to comment Share on other sites More sharing options...
Ativa Posted March 14, 2023 Share Posted March 14, 2023 (edited) So all this moaning is because our prices are eventually going to become on a par with the UK, and their government support runs out this month so their prices will be rising next month? I honestly don’t get the outrage and all the conspiracy theory nonsense. Yes MUA have a lot of debt to service but the fact is that it’s is currently very expensive to produce energy. You can bet you bottom dollar that if one of the suppliers in the UK could undercut all the others and still be making more profit than they were a couple of years ago then they would and hoover up hundreds of thousands more customers. They haven’t, so why do all the electricity pricing experts on here thing that is? Average UK prices pre their impending increase below for reference. Edited March 14, 2023 by Ativa Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted March 14, 2023 Share Posted March 14, 2023 3 minutes ago, Happier diner said: Surely only those that have a very high electricity use. If the business is so fragile that the electricity price rise is going to kill them I suggest that, sadly, it was only a matter of time anyway. All shops, unless you are selling Goth paraphernalia, have considerable lighting and heating/freezing costs too if there's food involved. A business doesn't have to be "so fragile" that being hit by a costs rise of <60% could have far reaching consequences. Fewer shops also has a direct hit on employment numbers too. Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted March 14, 2023 Share Posted March 14, 2023 (edited) 2 minutes ago, Ativa said: So all this moaning is because our prices are eventually going to become on a par with the UK, and their government support runs out this month so their prices will be rising next month? I honestly don’t get the outrage and all the conspiracy theory nonsense. Yes MUA have a lot of debt to service but the fact is that it’s is currently very expensive to produce energy. You can bet you bottom dollar that if one of the suppliers in the UK could undercut all the others and still be making more profit than they were a couple of years ago then they would and hoover up hundreds of thousands more customers. They haven’t, so why do all the electricity pricing experts on here thing that is? Average UK prices pre their impending increase below for reference. Monopoly Edited March 14, 2023 by CallMeCurious 1 Quote Link to comment Share on other sites More sharing options...
Ativa Posted March 14, 2023 Share Posted March 14, 2023 1 minute ago, Non-Believer said: All shops, unless you are selling Goth paraphernalia, have considerable lighting and heating/freezing costs too if there's food involved. A business doesn't have to be "so fragile" that being hit by a costs rise of <60% could have far reaching consequences. Fewer shops also has a direct hit on employment numbers too. This rise has been known about for months and there are several government schemes and grants that businesses could have applied for to reduce their energy consumption. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted March 14, 2023 Share Posted March 14, 2023 1 minute ago, Ativa said: So all this moaning is because our prices are eventually going to become on a par with the UK, and their government support runs out this month so their prices will be rising next month? If my memory serves me, UK Gov support is to be extended because previous support costs haven't been as much as anticipated, a little more than 50% of the money initially allocated. If you have predicated your business running costs on the previous/existing price of electricity then a rise of <60% is difficult to absorb if not unsustainable. Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted March 14, 2023 Share Posted March 14, 2023 2 minutes ago, Non-Believer said: All shops, unless you are selling Goth paraphernalia, have considerable lighting and heating/freezing costs too if there's food involved. A business doesn't have to be "so fragile" that being hit by a costs rise of <60% could have far reaching consequences. Fewer shops also has a direct hit on employment numbers too. death of a thousand cuts. Insurance hikes, energy costs, inflation and supply chain issues. Yes the weakest fall first but few thrive, most just survive. So we'll get the same as the UK high street a few big names and then it's charity shops and even those big names are automating staff out of existence. Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted March 14, 2023 Share Posted March 14, 2023 4 minutes ago, Ativa said: This rise has been known about for months and there are several government schemes and grants that businesses could have applied for to reduce their energy consumption. The law of diminishing returns and up front costs. If you are already struggling are you going to spaff £100's or £1,000's on energy savings that will only pay for themselves in 5 or 10 years? Most have weathered 3 years of government mandated closures and disruption to find policies hell bent on spaffing taxes on vanity projects rather than giving them a chance to recover. 1 Quote Link to comment Share on other sites More sharing options...
Ativa Posted March 14, 2023 Share Posted March 14, 2023 2 minutes ago, CallMeCurious said: The law of diminishing returns and up front costs. If you are already struggling are you going to spaff £100's or £1,000's on energy savings that will only pay for themselves in 5 or 10 years? Most have weathered 3 years of government mandated closures and disruption to find policies hell bent on spaffing taxes on vanity projects rather than giving them a chance to recover. It’s a good scheme and given the rises payback will be a lot quicker. There is no need for anyone to spend anything up front. It’s a 100% loan for the work and completely interest free. You can guarantee that most of the businesses moaning about this rise that was known about months ago, won’t have investigated it or taken any steps to mitigate the impact on their own business. The majority of decent businesses will have just been quietly taking the relevant steps in plenty of time to mitigate the impact where they could. https://www.iomdfenterprise.im/financial-support/funding/business-energy-saving-scheme/ 1 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 14, 2023 Share Posted March 14, 2023 6 minutes ago, CallMeCurious said: The law of diminishing returns and up front costs. If you are already struggling are you going to spaff £100's or £1,000's on energy savings that will only pay for themselves in 5 or 10 years? Most have weathered 3 years of government mandated closures and disruption to find policies hell bent on spaffing taxes on vanity projects rather than giving them a chance to recover. What's the answer? Quote Link to comment Share on other sites More sharing options...
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