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UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

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Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#31

Post by pydry »

gyre007 wrote: post #22
CommanderData wrote: post #9

We have a corrupt government and media that itch each others back. There's still a complete lack of urgency. A potential new prime minister trying to defend profits of energy companies recently on TV just shows you the Modus operandi of the political class. It might push people to riots in the streets.

I don’t believe Brits are capable of revolting against this. They did hit the streets in anti-lockdown protests though, which is ironic because in the grand scheme of things that (lockdown) was temporary, but this inflation wave will be madly felt for quite long.

The lockdown protests kind or proved to me that while english people are getting angrier overall, they seem to be getting progressively dumber about how they lash out.

I could foresee riots again like the 2010 ones but I doubt it'd do to much change other than lead to some imprisoned people and property damage.

So, unlike, say, the poll tax riots i doubt itll lead to any meaningful British/English political changes.

It may add fuel to Northern Ireland joining Ireland/Scottish independence though.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#32

Post by ojhughes »

CommanderData wrote: post #9

We have a corrupt government and media that itch each others back. There's still a complete lack of urgency. A potential new prime minister trying to defend profits of energy companies recently on TV just shows you the Modus operandi of the political class. It might push people to riots in the streets.

The only thing that would cause us Brit’s to riot is a change to caravanning laws

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#33

Post by sudden_dystopia »

mellosouls wrote: post #13
CommanderData wrote: post #9

We have a corrupt government and media that itch each others back. There's still a complete lack of urgency. A potential new prime minister trying to defend profits of energy companies recently on TV just shows you the Modus operandi of the political class. It might push people to riots in the streets.

Didn't happen with the bankers 10 years ago, I'm not sure that normal people have the inclination or fight.

True but that was “just” a bad recession, but we never actually recovered from it. Now we are the brink of global war, reeling from Covid supply chain issues, and stagflation all on top of a world economy that has been propped up by central banks for the past decade while simultaneously exploding the money supply and essentially making internet rates zero.

This is the world on modern monetary theory. Not even once.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#34

Post by DawnQFunk2 »

pydry wrote: post #23
TrackerFF wrote: post #20

Hopefully the current energy crisis (in Europe) will further accelerate development in renewable energy. Seems much of Europe is still chained to LNG, and that demand is even wreaking havoc in countries which have been previously quite self-sustained, or really don't use LNG much themselves - with Norway being a good example.

Unfortunately we'd need another 5 years to really make a difference whereas the gas crisis is going to hit us in months.

No post body was provided.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#36

Post by alkonaut »

TrackerFF wrote: post #20

Hopefully the current energy crisis (in Europe) will further accelerate development in renewable energy. Seems much of Europe is still chained to LNG, and that demand is even wreaking havoc in countries which have been previously quite self-sustained, or really don't use LNG much themselves - with Norway being a good example.

If energy costs a lot, then anyone who can offer to sell energy production obviously has an attractive product. The problem as I see it is that what's needed is plannable capacity. While there is always need for more capacity, what we need most is capacity that works regardless of whether there is water in the rivers or wind in the turbines. And that's not easy. Biomass and Biogas for example.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#37

Post by data_maan »

TrackerFF wrote: post #20

Hopefully the current energy crisis (in Europe) will further accelerate development in renewable energy. Seems much of Europe is still chained to LNG, and that demand is even wreaking havoc in countries which have been previously quite self-sustained, or really don't use LNG much themselves - with Norway being a good example.

There is nothing that needs to be developed for renewables per se, it is already available: https://en.m.wikipedia.org/wiki/100%25_renewable_energy

It just needs to implemented!

Just imagine how much the politicians suck: Science has given them the solution for the energy problem, science has showed how to even make it economically, and has done that already years ago. All politics would have to do is implemented. But they cannot even do that ...

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#38

Post by rob_c »

CommanderData wrote: post #9

We have a corrupt government and media that itch each others back. There's still a complete lack of urgency. A potential new prime minister trying to defend profits of energy companies recently on TV just shows you the Modus operandi of the political class. It might push people to riots in the streets.

No post body was provided.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#39

Post by data_maan »

chrisstu wrote: post #27

A looming catastrophe in the UK and the government is doing nothing. I've seen some crazy stuff here over the last 12 years but this is next level.

No, it is definitely doing something: Arresting people that protest for housing insulation.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#40

Post by Someone1234 »

pydry wrote: post #23
TrackerFF wrote: post #20

Hopefully the current energy crisis (in Europe) will further accelerate development in renewable energy. Seems much of Europe is still chained to LNG, and that demand is even wreaking havoc in countries which have been previously quite self-sustained, or really don't use LNG much themselves - with Norway being a good example.

Unfortunately we'd need another 5 years to really make a difference whereas the gas crisis is going to hit us in months.

True. But 5-years ago this national security reliance on foreign gas prices was well known, and little was done in the intervening time. The worry is that when the current crisis subsides that inaction will yet again fall back into favor.

The solutions are, in part:

- National gas storage reserve (to buffet price/supply spikes somewhat).

- Expansion of green energy.

- Programs to reduce usage (e.g. home and business improvements).

Luckily for the UK extremely efficient heat pump based heating/cooling solutions that offer greater than 100% efficiency exist[0]. It is just a matter of the political will to covert away from gas to electricity and then retrofitting homes.

[0] https://www.energy.gov/energysaver/heat-pump-systems

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