The Great Many Crises

They made money before and paid themselves nice big dividends. The bigger suppliers will probably benefit a lot from this next year too, with a lack of competitors and all those extra customers they are hoovering up.

Their owners need to accept a short term loss here, maybe even put money back into the business to keep it afloat through share buyouts or something.

I don’t think it’s right to subsidise the industry through the bad times and then let them benefit when the goings good.

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Never under-estimate the Tories.

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The bigger suppliers will definitely benefit from all of this, their recent competition is being forced to collapse and they’ve being handed all their customers. We’ll just end up back where we started when there we only a handful of companies running the market.

I was more concerned with the smaller suppliers that have gone out of business over the last few weeks through no fault of their own and all the ex-employees that are now out of work.

It’s their business though. Profit comes with risk, that’s not the governments problem.

Employees will find new work. We are still supplying the same amount of gas out, so the works there. Businesses go bust all the time, we can’t use our tax money on stopping them.

I guess we’ll just agree to disagree, if the government are forcing a company to lose money I just feel they should hold some responsibility for the situation.

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£20 off universal credit mostly affects people who wouldn’t vote Tory.

Removing the cap affects a lot of middle income and older non-switchers who do…

It’s just political maths. Every government decision has this kind of calculation behind it (on any side, it’s pretty much inevitable in a democratic system).

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I think you’re making my point for me there :+1:t3:

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Yes we will! I see the cap as the justifiable operating restriction that companies have to work under. If they didn’t want to be in an industry with that sort of regulation and with that sort of risk they didn’t have to be.

Then again I am a raging socialist so I am somewhat one sided.

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The cap is only a recent thing forced on them. 2019?

So they would have setup many years ago without a thought they would ever be capped at what they could sell at.

They could have potentially guessed that prices might go crazy but not that they couldn’t pass on the cost.

The main problem being that the five big can buy in bulk way ahead of time and have billions behind them Vs and small fry can only buy as needed and no financial support for unprecedented prices.

If a new supplier is setting up since 2019 then yeah they should have had the cap factored in to their risk of being in the industry.

No that’s fair, I’d much prefer if essential services weren’t privately run :neutral_face:

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It’s a tricky one.

I essentially liked what people’s energy were trying to achieve in passing on the costs without markup (or minimal markup)

It’s a bit like if you or me could go directly to the generators and say I’ll have half a bag of gas, that be £10. Ka-ching.

The main issue is when there’s no protection in how much they can charge.

That £10 for half a bag of gas turns into £100 overnight.

If we didn’t have that cap in place we’d be paying hundreds per month already.

We’ll still have to pay hundreds per month but the cap slows the hit over a long time so people can adjust.

What we don’t need is someone sitting between the generators and us creaming off huge amounts of profit on something that is essential to life.

I suppose it also, in theory, helps even out the effect of temporary price rises. Not sure this is a “temporary” one though!

I guess it depends how much we (meaning all of Western Europe) are willing to pay off to Putin to end the crisis he’s manufactured.

If Germany plays ball and approves the pipeline I guess the crisis will come to an end very quickly

https://www.daligas.co.uk/ is another supplier which has gone today

Franklin energy collapsed today too… not an energy company (strictly), they installed EV chargers around the country, so were also large consumers of electricity.

They’ve gone from planning a 236 bay charger hub in London to bankcruptcy in 3 months.

Out of luck if you wanted the meat counter…

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Sainsbury’s permanently closed it’s meat/fish counters last year.

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Oh blimey have they really not been there since Mar 2020? I’ve swear I’ve seen people behind the counter. Maybe I’m thinking of bread / confectionery peeps.

Could be me imagining it, shows how often I’m in store or paying attention :rofl:

Def out of luck then if you wanted the meat counter! Surprised they haven’t repurposed the areas.

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Give it three years and it’ll be reopening the counters again as a ‘refresh of stores’ and for a ‘getting back to traditional grocery values’ concept bollocks.

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I can’t see that happening myself. Two reasons:

  1. These counters have to be staffed, so increase wage costs.
  2. No-one under 40 uses them anyway - why spend ages interacting with a stranger and faffing about when you could just pick a packet of what you want out of a fridge cabinet instead?
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