Quote:
Originally Posted by Hugh
Difference being I don’t have the ability/stupidity to make the Nation’s Pension Schemes illiquid, requiring the BoE to intervene at a cost of £5 billion per day 
So, we’re agreed that the Chancellor knew he could cause the Pension Schemes to go illiquid, and raise the cost of borrowing for the money to pay for the extra he was giving bankers and those earning over £155k?
Doesn’t sound very clever…
Addendum: I don’t trust Energy/Telecoms companies billing systems, having spent a reasonable proportion of my working life implementing/fixing them - in fact, my one of my last jobs before retiring was as the Head of Programmes on Billing Remediation in one of the Big Six Energy companies (my teams had to fix whatever cock-ups the new releases caused, and there were new releases monthly).
So, to set your mind at rest, I take readings from our Smart Meters on the 25th of each month (billing day), the next day I download the PDF bills and store those, and every quarter I review what I have stored against what the Utility Companies say (because, from previous experience, I have seen historical bills amended on systems), and if there are issues, I will highlight those with the Supplier (I haven’t found any with ShellEnergy). |
Well, according to the paper, the BoE (and the Pensions Regulator) have allowed the UK’s largest company pension schemes to engage in dangerous investment strategies for some time and it was this that was really responsible for the near collapse.
I share your mistrust of energy companies. You do seem to be a high consumer though.