Shell post £8.2bn profit so far for this quarter

It’s a total **** take. They are making so much money they don’t know what to do with it.

I have a mate working off shore that has just got his third bonus of the year… his bonuses add up to more than my annual salary… and I’m not poorly paid by any means
 
ThatFragranceGuy said:
No I'm not, I'm repeating advice from Martin Lewis, who has spent the last 12 months bollocking tories for inaction and getting us into this situation, but we are in this situation and people need help now. If you don't want to make changes as you can afford your 3.5k bill then great for you but many can't afford to not make changes.

You're comparing Boris saying buy a new kettle to save £10 a year with tips that can save absolute hundreds at a time, even thousands in the case of pre-heating etc when people can't afford to waste money. Shouting at politicians and corporations will eventually enact change but it won't do anything to make the bloke be able to afford to stay warm tonight, whereas a £18 blanket will make an immediate difference and probably far less a fire risk if it gets left turned on.
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Sorry for having a go at you if you're just trying to help.

I'm just getting a bit fed up reading comments about us all tightening our belts and being more sensible with money. Theres only so much people can do and once you've stopped using gas and electricity, cut your food bills down to the bare minimum how much further can you go.

But if you are just trying to help then I apologise.
 
We are paying the price of decades of a failure to act on climate change, a failure to insulate homes and become more energy efficient, mostly down to the government being unwilling to invest and placing the burden on homeowners/landlords or local councils/associations.

Like everything with this particular government, those worse off are now paying the highest price.
 
Glover_elbow said:
Sunak is in parliament to support the city and global corporations that's his mandate not the people of Britain. We will see less and less state intervention into business. The sad thing is British Petroleum could have been founded part or fully state owned like equinor (formally statoil) and the whole of the uk would reap the rewards.
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Great post!
 
But it's a very easy fix isn't it?

Regulation of the market, including windfall taxes, would enable the government to subsidise customers bills with profits, thus enforcing the sector to do what they wouldn't do itself.

Rather than do that the government chose to borrow money that the public will have to pay back.

It's morally corrupt and yet another example of public money flooding into the private sector.
 
Just announced that the government is now “considering “ a windfall tax on the energy companies. Yet another opposition policy hijacked.


People will have you believe that opposition are doing nothing
 
Uwefuchs said:
Sorry for having a go at you if you're just trying to help.

I'm just getting a bit fed up reading comments about us all tightening our belts and being more sensible with money. Theres only so much people can do and once you've stopped using gas and electricity, cut your food bills down to the bare minimum how much further can you go.

But if you are just trying to help then I apologise.
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Fair play, and I agree fully there is only so much some people can do. Eventually you're at the bottom of the barrel. Community can do some things like food banks and warm hubs but we shouldn't have to rely on them and they shouldn't become the normal thing. Boris's idea about the kettle was laughable but there are some changes people can make they may not even be aware of which can save hundreds of quid, and as prices rise the savings get bigger. Elderly people especially won't always have the nouse to know what is expensive to run or not and they're probably the biggest users of expensive electric heaters. If they fall asleep with one on they'll wake up to a huge bill.

We've never ran a tumble dryer, in cold months we dry inside with a dehumidifier but now even that is expensive to run. She's always just set it to continuous though and setting it to a specific humidity level so that it comes off and on to maintain that, instead of running through the night, has cut down its energy use by 50% or so

Smart meters are very good for being able to track these improvements and verify savings. Lot of things may only be 30-40w and Lee khaki not even worth thinking about but something drawing 40w 24/7 now costs 32p day to run so over a year is £115

Some are big ticket items and not everyone can make those savings but they're just examples

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After that it's smaller returns but even small amounts will add up over the year. My subwoofer for example isn't a huge saving but we already had the £6 plug sat inn a drawer so a few minutes work to set up an Alexa schedule to power it off at a set time each night and only turn it on when it's triggered by the av receiver, it uses 28w in idle so £85 a year it off all the time; we'll use it when tv is on obviously but even half that time is £40 saved still for a few minutes work.

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Jonny Ingbar said:
But it's a very easy fix isn't it?

Regulation of the market, including windfall taxes, would enable the government to subsidise customers bills with profits, thus enforcing the sector to do what they wouldn't do itself.

Rather than do that the government chose to borrow money that the public will have to pay back.

It's morally corrupt and yet another example of public money flooding into the private sector.
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If you regulate the profits you need to regulate wages
 
Consumers need to target these companies that are fleecing us.
Pick one(say shell) don't use their petrol, switch from their energy and stop using their products.
66 million people in one country alone boycotting you gives you the choice of going out of buisness there or changing prices. Once they have made their choice move on to the next one
 
Blf said:
Consumers need to target these companies that are fleecing us.
Pick one(say shell) don't use their petrol, switch from their energy and stop using their products.
66 million people in one country alone boycotting you gives you the choice of going out of buisness there or changing prices. Once they have made their choice move on to the next one
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Are they making the money directly from selling to the consurmer. I imagine that we make a small margin of the profit

They are making money in production, which is mainly down the government pricing and what they allow to happen.

It doesn’t matter what they costs, they have to charge the same rate as the person who charges the most to allow them to make a profit

The system is rigged so to speak. I think that’s why you see the likes of shell and bop say tax is more
 
Glover_elbow said:
Sunak is in parliament to support the city and global corporations that's his mandate not the people of Britain. We will see less and less state intervention into business. The sad thing is British Petroleum could have been founded part or fully state owned like equinor (formally statoil) and the whole of the uk would reap the rewards.
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See BNOC (British National Oil Corporation). The British equivalent of Statoil, which was, of course, sold off.
 
The oil companies are charged 65%-70% tax on UK profits, the huge profits posted are global figures and not to be confused as solely UK. Perhaps they should be taxed more, who knows, but don't automatically assume the word "profit" is a dirty word. Investors put money into a business with no security it is going to flourish and pay dividends as many investments fail and they feel the pain. If we put £100 in the bank then we expect interest on that sum after a year, it's the same for investors, but on a larger scale, and without their investments we wouldn't have work or jobs.

#UTB
 
GazC_MFC said:
Well if you regulate profit, they can page higher wages to negate the tax burden anyway. Create non exec roles for the big shareholders etc
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Wages are always naturally 'regulated', because pay awards are negotiated.

Profits should be felt right across any organisation, but if pay awards are less generous because of windfall taxes then there is a clear 'greater good' driver behind that.

An unregulated market is very much a bad thing for the majority of people, but a very good thing for the richest. They need to be regulated, which is highly unlikely under this Conservative government, especially so since the return of many within it to Thatcher economics.
 
GazC_MFC said:
Well if you regulate profit, they can page higher wages to negate the tax burden anyway. Create non exec roles for the big shareholders etc
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What happens when profits in the next quarter are lower. Does the company say to its workers 'we're reducing your wages now' and do the workers say 'sure, no problem'?
 
Anyone know whether or not I'd benefit from a smart thermostat. Looked at them in the past for an old house which didn't have a thermostat, just an on/off switch on the boiler but we moved house instead to one with a dual zone thermostat so it didn't seem like paying the cost to change it would be worth it.

My current setup is upstairs/downstairs and because we are at home all day (work from home and part time with childcare) we have the heating on most of the day set at 18* upstairs and 19* downstairs. Primarily this is because the thermostat only has 2 programmable settings so it comes on on a morning and then off mid afternoon, then back on in the evening and off before bed time. We have TRVs on all of the radiators set to the appropriate temperature for the individual room based on a chart that was shown on here a few weeks back.

If we had 3 settings I wouldn't even consider a smart thermostat because then I could have it on for a few hours in 3 blocks instead of having to have it on all day. The house is a new build so well insulated and at the current settings never really feels hot or cold although we haven't had any really cold weather to test that yet.

How much would we save with a smart thermostat and how much do they cost? I think the biggest benefit would be being able to set things like turning it off when the house is empty etc as well as having better control over the times of day it is active.
 
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