Results 1 to 8 of 8
  1. #1
    C64 addict Staff Moderator
    My location

    Demon Cleaner's Avatar
    Join Date
    Dec 2002
    Location
    Phobos
    Posts
    7,477
    Downloads
    7
    Uploads
    88

    Prices rising and rising

    Do you also have these huge price increases, gas and electricity already went up 50% in January, and now in October they will go up again by 110% resp. 90%. That's gonna create some quite high bills now.

    Plus I just got the letter from my bank that from October on my interests of my house loan will go from 1.75% up to 3.00%.

  2. #2
    Retro Addict Administrator
    My location

    Burger Time Champion, Sonic Champion Harrison's Avatar
    Join Date
    Dec 2002
    Location
    UK
    Posts
    16,221
    Blog Entries
    1
    Downloads
    6
    Uploads
    14
    Yes, the UK prices have been rising a lot. Very similar across most of Europe. I think only France has managed to hold prices to customers lower because their energy is still state owned and a lot if it is nuclear. I think they have only seen a 4% increase so far.

    Here in the UK we were paying 80 per month for our gas and electric combined in April. That has increased a lot. The average household in the UK is now paying over 200 a month. We manged to quickly get one of the last fixed rate energy deals when it started going up in price. I think we fixed it at 187 per month until July next year. That still means we were paying about 960 per year up until May/June, and are now paying 2244 per year. So more then doubled. I just don't know how anyone on low wages could even manage.

    According to UK news. The energy cap average at the moment is at 2400 for an average household. But this was projected to increase to 4000 or even 5000 per year by next year. That would be impossible to afford.

    But the UK government is due to make a big announcement on Friday to subsidise energy bills and keep the energy price cap at the current 2400. So if true that's something. But doing this will cost the government up to 100 Billion that tax payers will at some point need to pay back.

    As for house repayments. With all this causing inflation mortgage interest rates will be rising, meaning higher repayments. We are currently lucky that we have a fixed mortgage rate that's locked at 1% for I think 3 years from last year, so we are ok at the moment.

    The really bad thing for the UK is that this is being caused by global wholesale energy prices. A lot of the EU was reliant on Russian gas to generate electric and heat homes. With that being cut off by Russia the energy prices are climbing because gas needs to be imported from elsewhere. But in the UK we don't have that issue because we have our own gas, and don't get any gas or oil from Russia. But because wholesale energy prices are globally set the UK is also having to pay these increased prices.

    Our petrol and diesel prices have come down a bit though. Petrol is currently 1.67 per litre and Diesel is 1.79. Still far higher than the 1.36 it was earlier in the year. Apparently wholesale oil prices have dropped but they are not passing this on at the pumps.

    Have petrol prices come down much there?
    Last edited by Harrison; 22nd September 2022 at 10:51.

    If you haven't played a classic game in years, it's never too late to start!


  3. #3
    C64 addict Staff Moderator
    My location

    Demon Cleaner's Avatar
    Join Date
    Dec 2002
    Location
    Phobos
    Posts
    7,477
    Downloads
    7
    Uploads
    88
    Petrol prices here have risen a lot, you know that French and Germans always came here to fill their tank, but at the moment the prices in Luxembourg are higher than in their countries. It also fluctuates a lot.

  4. #4
    Retro Addict Administrator
    My location

    Burger Time Champion, Sonic Champion Harrison's Avatar
    Join Date
    Dec 2002
    Location
    UK
    Posts
    16,221
    Blog Entries
    1
    Downloads
    6
    Uploads
    14
    How much are you paying for diesel there at the moment?

    If you haven't played a classic game in years, it's never too late to start!


  5. #5
    C64 addict Staff Moderator
    My location

    Demon Cleaner's Avatar
    Join Date
    Dec 2002
    Location
    Phobos
    Posts
    7,477
    Downloads
    7
    Uploads
    88
    At the moment it's 1.75, but like I said, it changes constantly, it was already way over 2.00 at some point.

  6. #6
    Retro Addict Administrator
    My location

    Burger Time Champion, Sonic Champion Harrison's Avatar
    Join Date
    Dec 2002
    Location
    UK
    Posts
    16,221
    Blog Entries
    1
    Downloads
    6
    Uploads
    14
    They are now saying on our news tonight that they are worried UK inflation rates will push interest rates higher. Some predicting as high as 5% next year. Good for savers but not for mortgages.

    If you haven't played a classic game in years, it's never too late to start!


  7. #7
    Burn! Hot Blooded Rhythm Soul! Staff Moderator
    My location

    J T's Avatar
    Join Date
    Jan 2003
    Location
    'STRAYA (since 2010)
    Posts
    1,890
    Downloads
    1
    Uploads
    0
    Same here too, things are getting more and more expensive. We've never been good at budgeting, so now I think we might need to. The thing is, even though we are in a pretty good position it doesn't feel like it'd take all that much to suddenly make things feel a lot tougher.

  8. #8
    Retro Addict Administrator
    My location

    Burger Time Champion, Sonic Champion Harrison's Avatar
    Join Date
    Dec 2002
    Location
    UK
    Posts
    16,221
    Blog Entries
    1
    Downloads
    6
    Uploads
    14
    That's the thing these days. Most people have been living comfortably within their means, but only just within it. But many able to save much for emergencies like our parent's generation could. It only takes one thing to change and a more of people will really be struggling.

    Is also mad that the whole world economy is so tied together that an event in Russia and Ukraine can directly effect Australia.

    This surely needs to be a wakeup call to change our this world operates for our children's future. We can't have this happening.

    If you haven't played a classic game in years, it's never too late to start!


Similar Threads

  1. Reasonable prices?
    By Demon Cleaner in forum Buying and Selling
    Replies: 18
    Last Post: 28th June 2012, 18:53
  2. Natami Prices
    By Tiago in forum Hardware
    Replies: 12
    Last Post: 29th April 2012, 21:29
  3. Technology HDD prices continue to fall!
    By Harrison in forum General Chat
    Replies: 8
    Last Post: 19th June 2009, 21:53
  4. Amiga Accelerators rising in price again?
    By Harrison in forum Buying and Selling
    Replies: 4
    Last Post: 10th September 2008, 18:04
  5. Who knows about car repair prices?
    By Bloodwych in forum General Chat
    Replies: 11
    Last Post: 31st October 2007, 16:44

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Copyright classicamiga.com