Prices of the electricity we use to charge

nigelbb

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Sep 19, 2019
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The ONS data I linked to refers to household expenditure on goods & services whereas your graphs refer to house income. The £280 per year “hike” as a percentage of median household income of about £35,000 per year is just 0.008%.
 

lenny

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May 3, 2023
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saneagle

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Oct 10, 2010
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The ONS data I linked to refers to household expenditure on goods & services whereas your graphs refer to house income. The £280 per year “hike” as a percentage of median household income of about £35,000 per year is just 0.008%.
Your information doesn't tell the whole story and doesn't pass a basic plausibilty test. You've just picked out the minimum amount of data to suit your narrative. All businesses that employ people now have additional costs, which will cause them to increase prices. The big supermarkets have already explained that, but they're only a small proportion of what you spend on. The price of just about everything will go up to recover the lost profit caused by the additional employment costs, which would mean price rises of around 2% to 5%. Then there's National Insurance, which most employed people have to pay. For your average factory or warehouse worker on a salary of £25k, the increase would mean that they lose about 3.5% of their pay or £861. Your £280 doesn't seem to include that.
 
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MikelBikel

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Jun 6, 2017
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This fish is a bit bigger than the petty tantrums of EU politics, I think.

If you want to know about the economics and the motivations behind the idea, I posted links, and google is getting better and better, now that they usually supply direct answers IF you ask a question in natural language.
I just think it is interesting how that submarine cable company got their fibre optics along Europe, and then *around Africa*. And NO pirates bothered them? No sabotage? No rooskis? No "accidents"? Isn't that interesting? :cool:
 

MikelBikel

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Jun 6, 2017
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Along with the poly tic shuns, the true believers FLY to Flop29. Sad. Meanwhile, in the Closed meetings... "money makes ze vorld go around..". Always liked that song! :)