Shell post £8.2bn profit so far for this quarter

[ForssAwakens]

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.

I was more talking about directions chairman’s and chief executive wages being regulated rather than the whole company

 

[ForssAwakens]

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'?

Sorry see my last post about whose wages should be regulated

 

[ThatFragranceGuy]

@Nano i think smart thermostats are more a case of convenience than savings but it depends on behaviour, stuff like nest can handle dual zone and Honeywell etc have products for it.

Ours is one zone but we wouldn't be without it. Easy scheduling, it learns how long it takes
House to heat up so if you set it to 18c at 7am it's that temp at 7am rather than coming on at 7am, and being able to auto turn it off when no one is home.

You'd probably save more though by changing behaviour while wfh - I work with my office door closed and the room heats up from my laptop running and I sit in an oodie so heating rarely needs to come on. We would sometimes forget to turn our heating off overnight and waste money, so including them in a routine at 1am that turns off all heating and 2am turns off all lights and everything else made good savings for us.

You could also maybe benefit from smart TRV's si you can control specifically what rooms heat up but a full home setup is expensive

You might get decent range of experience posting on mse's "in my home" forum

 

[ThatFragranceGuy]

"Shell said it made investments worth $400m in the UK during its third quarter. The firm's finance chief Sinead Gorman said on Thursday: "We simply are investing more heavily than we have, and therefore we don't have profits which we can be taxed against.""

So even with these profits they're not paying any windfall tax as they've offset investment to create a "no profit" scenario

 

[Emmersons_BrazillianDong]

Country won't accept Austerity 2, we were hoodwinked last time but not this time.

I'd like to agree Richy but I'd put money on us doing nothing to stop them mate. I'll never be surprised by how much Joe Public are willing to swallow.

 

[locomansimon]

If you regulate the profits you need to regulate wages

The employer does that

 

[Corco65]

The sad reality for so many people.

https://vm.tiktok.com/ZMFB32912/

 

[Redwurzel]

Shell pay no tax in the UK - so much for the UK being a high tax country.

 

[Johngannonsunderpants]

For a start we could all boycott shell garages due to their greed