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Jambo-Jimbo
5 minutes ago, WorldChampions1902 said:

Think about the ‘nest-leavers’ who will eventually leave home and have to repay that ‘loan’, without ever having received such ‘loan’ in the first place. Make the Mafia and Loan Sharks look positively charitable.

 

That very point was raised at the time the government announced this, they didn't have an answer then, I doubt very much they'd have answer now, either.

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1 hour ago, WorldChampions1902 said:

Just had a colleague moaning to me about the likelihood of him having to pony up even more money on energy to subsidise the least well off. He doesn’t see why he should pay more for his gas and electric to help the vulnerable and he suggested that the government increase the existing Warm House Discount subsidy instead.
 

At which point, I explained that he already pays for that through his current bills and has done for years - the Treasury don’t contribute a penny. I can understand his misconceptions given the number of times this Junta has stated, “one of the government initiatives to help is the Warm Home Discount scheme”, blah blah blah. It is deliberately couched in a way to make it sound like the this scheme is taxpayer funded. Nope! He wasn’t happy 😆 


Can you imagine the outrage if the electricity bills were based on income? I've genuinely heard that mentioned as a solution to this crisis. 
 

1 hour ago, WorldChampions1902 said:

One other thing. Around another £80 to £100 is added to our bills to cover the costs of shifting customers of the 28 companies that went bust last year, to alternative suppliers.


That really pisses me off, not going to lie. Paying wealthy companies to gain new customers. It's outrageous. 

Weird how it's deemed OK for massive corporations to socialise their costs, but this govt will neither countenance the quick win of dropping VAT on energy bills nor a windfall tax the energy companies don't even have a problem paying.   

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This "loan" is a total scam.

You're still paying the energy companies what they're asking, just delayed over a few years.

And every new home built between now and then is also being forced to pay back the "loan" they never got.

So the energy companies get even more free money from them.

 

And another 40% price increase to come later in the year

 

:rofl:

 

But keep putting your cross in the blue box, ya mugs.

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WorldChampions1902
8 minutes ago, Cade said:

This "loan" is a total scam.

You're still paying the energy companies what they're asking, just delayed over a few years.

And every new home built between now and then is also being forced to pay back the "loan" they never got.

So the energy companies get even more free money from them.

 

And another 40% price increase to come later in the year

 

:rofl:

 

But keep putting your cross in the blue box, ya mugs.

And imagine if we didn’t have privatised energy? Whereby there were no companies to go bust? Meaning that extra £100 a year we are currently paying (customer transfer costs for those bust companies) wouldn’t be happening. Plus VAT.

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joondalupjambo

Can some educated, financial genius please explain exactly why a windfall tax would not work?

 

I understand that we need the energy companies to invest and I understand that we need them to be profitable to help keep people's pension funds topped up.  There will also be dividends if a company chooses that route.

 

However at what level of profit does that need to be, can we not place a windfall tax on at least part of the high profits if these two are covered.  

 

I hear calls for one but have missed out on the arguements as to the exact details as to why it is so bad?   

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9 minutes ago, joondalupjambo said:

Can some educated, financial genius please explain exactly why a windfall tax would not work?

 

I understand that we need the energy companies to invest and I understand that we need them to be profitable to help keep people's pension funds topped up.  There will also be dividends if a company chooses that route.

 

However at what level of profit does that need to be, can we not place a windfall tax on at least part of the high profits if these two are covered.  

 

I hear calls for one but have missed out on the arguements as to the exact details as to why it is so bad?   

I believe that Labour has said the windfall tax on the energy companies will only be on the excess profit over projected profit. Apologies if this is not the case but that was my understanding of it....🤷‍♂️

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WorldChampions1902
9 minutes ago, joondalupjambo said:

Can some educated, financial genius please explain exactly why a windfall tax would not work?

 

I understand that we need the energy companies to invest and I understand that we need them to be profitable to help keep people's pension funds topped up.  There will also be dividends if a company chooses that route.

 

However at what level of profit does that need to be, can we not place a windfall tax on at least part of the high profits if these two are covered.  

 

I hear calls for one but have missed out on the arguements as to the exact details as to why it is so bad?   

The utter BS coming from the Liar-in-Chief is off the scale.
 

The energy companies have long-standing investment plans. For the Eton Mess to try and counter the Windfall Tax argument by suggesting it would go against those plans is bollocks. What these companies have now done in recent weeks, is to revise those investment plans to reflect the disgusting profit levels they are now enjoying.

 

The big clue here is the word “Windfall”. A colossal, unexpected and unfair profit gain that should rightly be targeted by any fair-minded government, to alleviate the financial pressures on the most vulnerable households in our society.

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The Real Maroonblood
18 minutes ago, Hunky Dory said:

Sorry, my mistake. Every other country that gained independence from England/GB went tits up right enough and then begged that they be readmitted into the empire.

Good point.

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Jambo-Jimbo
2 hours ago, micole said:

Ah.....ok, thanks. Pity we sold our energy companies off then...😧

 

There is currently a perfect chance to re-nationalize one.....Bulb.

 

Bulb is still in special administration and is being propped-up by the government.  It was hoped they would have been sold by now or it's 1.7 milion customers transferred over to other companies by now, but nobody has come in to buy it and none of the other energy company's are keen on taking on any more customers, certainly not any time soon.  Therefore Bulb is nationalized in all but name, as the government are guaranteeing and underwritting it's continued operation.

 

The government could easily nationalize the 7th biggest energy company in the UK with a ready made customer base of 1.7m customers, they could also transfer any other customers over to Bulb if/when more energy companies go bust, then when things settle down and the markets improve, Bulb can compete with the rest of the companies in the energy market, but instead of being owned by shareholders or foreign companies, Bulb would be state owned and run for the benefit of it's customers not the shareholders.  I'm sure that would appeal to a lot of people.

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Jambo-Jimbo
38 minutes ago, WorldChampions1902 said:

The utter BS coming from the Liar-in-Chief is off the scale.
 

The energy companies have long-standing investment plans. For the Eton Mess to try and counter the Windfall Tax argument by suggesting it would go against those plans is bollocks. What these companies have now done in recent weeks, is to revise those investment plans to reflect the disgusting profit levels they are now enjoying.

 

The big clue here is the word “Windfall”. A colossal, unexpected and unfair profit gain that should rightly be targeted by any fair-minded government, to alleviate the financial pressures on the most vulnerable households in our society.

 

As I posted above, windfall taxes don't seem to hold Norway back.

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Unknown user
2 hours ago, micole said:

Ah.....ok, thanks. Pity we sold our energy companies off then...😧

It is, it's also a pity that the government didn't say "**** raising the price cap, now isn't the time"

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8 minutes ago, Smithee said:

It is, it's also a pity that the government didn't say "**** raising the price cap, now isn't the time"

I think to many of their mates would have lost money if they froze the price cap.....😉😉

Edited by micole
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30 minutes ago, Jambo-Jimbo said:

 

There is currently a perfect chance to re-nationalize one.....Bulb.

 

Bulb is still in special administration and is being propped-up by the government.  It was hoped they would have been sold by now or it's 1.7 milion customers transferred over to other companies by now, but nobody has come in to buy it and none of the other energy company's are keen on taking on any more customers, certainly not any time soon.  Therefore Bulb is nationalized in all but name, as the government are guaranteeing and underwritting it's continued operation.

 

The government could easily nationalize the 7th biggest energy company in the UK with a ready made customer base of 1.7m customers, they could also transfer any other customers over to Bulb if/when more energy companies go bust, then when things settle down and the markets improve, Bulb can compete with the rest of the companies in the energy market, but instead of being owned by shareholders or foreign companies, Bulb would be state owned and run for the benefit of it's customers not the shareholders.  I'm sure that would appeal to a lot of people.

 

Having a nationalised energy company would be great.

 

I'm opposed to a windfall tax, but they should never be in private hands to begin with.

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WorldChampions1902
26 minutes ago, Taffin said:

 

Having a nationalised energy company would be great.

 

I'm opposed to a windfall tax, but they should never be in private hands to begin with.

I’d genuinely like to understand why you would be against a Windfall Tax, especially given it would be used to alleviate financial suffering by the impoverished element of our society? Serious question. What are the ‘pros’ and in what way do those ‘pros’ outweigh helping those individuals?

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23 minutes ago, WorldChampions1902 said:

I’d genuinely like to understand why you would be against a Windfall Tax, especially given it would be used to alleviate financial suffering by the impoverished element of our society? Serious question. What are the ‘pros’ and in what way do those ‘pros’ outweigh helping those individuals?

 

Because whilst we operate in a capitalist, largely free-market economy I don't think it works with that...as long as they avoid price fixing (which I actually feel the price cap brings into question). Why shouldn't they be able to make hay while the sun shines? It's not like any of them have a particularly dominant market position to abuse.

 

Is it a crap system and we should nationalise industries like that? Imo, yes...but a windfall tax whilst leaving the rest makes no sense to me.

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mrmarkus1981_1

My Octopus contract has ran out. I paid £150 direct debit per month and they advised i increase it to about £350 per month.

 

I put in readings on 29 Apr and then again today (11 May). 

 

Electricity for 11 days - £43.78

Gas for 11 days - £16.42

Total - £60.20

Per day - £5.47

Per Year - £1997.54

 

Divided by 12 that is £166.46

 

I am aware that i am using less gas as the heating is off so i will need to to top up my account later in the year but the recommendations are MILES off.

 

My advice is DO NOT let them take whatever they want by direct debit from your account. The bills are so complicated I'm convinced folk cant make sense of them and just roll with it. Send meter reading as often as you can, most suppliers have apps and its dead easy.

 

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il Duce McTarkin
39 minutes ago, mrmarkus1981_1 said:

My Octopus contract has ran out. I paid £150 direct debit per month and they advised i increase it to about £350 per month.

 

I put in readings on 29 Apr and then again today (11 May). 

 

Electricity for 11 days - £43.78

Gas for 11 days - £16.42

Total - £60.20

Per day - £5.47

Per Year - £1997.54

 

Divided by 12 that is £166.46

 

I am aware that i am using less gas as the heating is off so i will need to to top up my account later in the year but the recommendations are MILES off.

 

My advice is DO NOT let them take whatever they want by direct debit from your account. The bills are so complicated I'm convinced folk cant make sense of them and just roll with it. Send meter reading as often as you can, most suppliers have apps and its dead easy.

 

 

Shell asked us to up our DD from £100 to £1070. They got the rubber lug, obviously.

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The energy companies put up your DD way over what it needs to be so that "customers are always in credit to counter sudden price rises".

In other words, they are pretending to be doing you a favour.

In reality, they're taking in far more than they need to and putting the excess in the bank and earning interest on YOUR money.

They're at it.

 

I've never paid energy through DD.

Monthly meter readings and monthly bills is the only way to go.

I pay for the energy I used and not a penny more.

 

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SwindonJambo

After resisting for years, I finally got a smart meter a year ago. I can't recommend them highly enough. You'll get a bill in precise pence for whatever you've used in the month so cheaper in Summer but dearer in Winter. But no more worries about overinflated Direct Debits. The early smart meters were ropey but the latest ones are much improved.

 

Another benefit is that it puts the focus on high consumption devices - in my case an ancient fridge freezer and kitchen strip light. I replaced both with more efficient and cut my leccy consumption by about 30%. Switching off anything at the plug when not in use is another good move which makes a difference - modern tellies are particularly bad for that.

 

Thermals and fleeces in Winter with the temperature turned down a bit help too. Also don't heat any room you're not in much. Easy for me to do because I'm on my own but it obviously won't be possible for everyone.

 

A big gripe I have is the massive spike in standing charge - what's that all about? I get the increase per kWh in gas and leccy but standing charge? In Summer my standing charge is more than gas and leccy added together!

 

 

Still shit but less shit. The increase in October is going to be absolutely brutal and the Government must offer further help or face the prospect of large scale civil unrest.

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1 hour ago, SwindonJambo said:

After resisting for years, I finally got a smart meter a year ago. I can't recommend them highly enough. You'll get a bill in precise pence for whatever you've used in the month so cheaper in Summer but dearer in Winter. But no more worries about overinflated Direct Debits. The early smart meters were ropey but the latest ones are much improved.

 

Another benefit is that it puts the focus on high consumption devices - in my case an ancient fridge freezer and kitchen strip light. I replaced both with more efficient and cut my leccy consumption by about 30%. Switching off anything at the plug when not in use is another good move which makes a difference - modern tellies are particularly bad for that.

 

Thermals and fleeces in Winter with the temperature turned down a bit help too. Also don't heat any room you're not in much. Easy for me to do because I'm on my own but it obviously won't be possible for everyone.

 

A big gripe I have is the massive spike in standing charge - what's that all about? I get the increase per kWh in gas and leccy but standing charge? In Summer my standing charge is more than gas and leccy added together!

 

 

Still shit but less shit. The increase in October is going to be absolutely brutal and the Government must offer further help or face the prospect of large scale civil unrest.

 

Someone mentioned earlier in the thread that it's partly to cover for the companies that went bust.

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Jambo-Jimbo
12 hours ago, SwindonJambo said:

After resisting for years, I finally got a smart meter a year ago. I can't recommend them highly enough. You'll get a bill in precise pence for whatever you've used in the month so cheaper in Summer but dearer in Winter. But no more worries about overinflated Direct Debits. The early smart meters were ropey but the latest ones are much improved.

 

Another benefit is that it puts the focus on high consumption devices - in my case an ancient fridge freezer and kitchen strip light. I replaced both with more efficient and cut my leccy consumption by about 30%. Switching off anything at the plug when not in use is another good move which makes a difference - modern tellies are particularly bad for that.

 

Thermals and fleeces in Winter with the temperature turned down a bit help too. Also don't heat any room you're not in much. Easy for me to do because I'm on my own but it obviously won't be possible for everyone.

 

A big gripe I have is the massive spike in standing charge - what's that all about? I get the increase per kWh in gas and leccy but standing charge? In Summer my standing charge is more than gas and leccy added together!

 

 

Still shit but less shit. The increase in October is going to be absolutely brutal and the Government must offer further help or face the prospect of large scale civil unrest.

 

Can I ask why you resisted getting a smart meter?

I've had one for years now, fantastic, no more huge and inaccurate estimated bills is one of the big benefits also you can see your current usage and bill day by day in real time, so again no nasty shocks as you know pretty much what your bill is going to be.  Also as you mention you can see what is using a lot of energy and if you can do something about it. 

I agree the 2nd generation smart meters are light years ahead of the 1st generation.

 

The huge increase in your electric standing charge is an industry wide extra charge applied to try and offset some of the cost of the energy companies which went bust.

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The Real Maroonblood

I don’t have a smart as I don’t feel the need for one.

It’s only the Mrs and myself.

I can understand people particularly now within the financial situation worse getting one especially if on a poor income and have a family.

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Jambo-Jimbo
1 minute ago, The Real Maroonblood said:

I don’t have a smart as I don’t feel the need for one.

It’s only the Mrs and myself.

I can understand people particularly now within the financial situation worse getting one especially if on a poor income and have a family.

 

Can I ask what you think a smart meter does?

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Unknown user

I'm on a smart pay as you go meter. Although I pay more per unit it suits me just fine not to have large monthly/quarterly bills that can spiral out of control, I can keep on top of things much easier.

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Jambo-Jimbo
36 minutes ago, The Real Maroonblood said:

:laugh2:

 

No, I'm being serious, and I'll tell you why.

Talking to neighbours I've heard some weird theories straight out of the twilight zone.

 

'I'm no having one of those things in my house', Why?, 'because I'm not' or the best one was 'because it'll take over my appliances', WTF, did they think their fridge is going to sprout arms & legs and attack them late at night or something.

Or the wifey that said to me that it'll turn her power off if she goes over her budget, honestly I really wonder where the feck they are getting these ideas from.  Folk hear the word smart and conjure up all these weird thoughts about what a smart meter is.

 

That's why I asked.

 

Edited by Jambo-Jimbo
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mrmarkus1981_1

Great, when they are 'smart'.

 

Despite mine being set to send a reading every half hour, Octopus didn't charge me anything for three months, then helped themselves.

 

Another reason to manually input them!

Screenshot 2022-05-12 132121.png

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The Real Maroonblood
4 minutes ago, Jambo-Jimbo said:

 

No, I'm being serious, and I'll tell you why.

Talking to neighbours I've heard some weird theories straight out of the twilight zone.

 

'I'm no having one of those things in my house', Why?, 'because I'm not' or the best one was 'because it'll take over my appliances', WTF, did they think their fridge is going to sprout arms & legs and attack them late at night or something.

Or the wifey that said to me that it'll turn her power off if she goes over her budget, honestly I really wonder where the feck they are getting these ideas from.  Folk hear the word smart and conjure up all these weird thoughts about what a smart meter is.

 

That's why I asked.

 

Wasn't sure if you were serious. 

It keeps a track of your usage

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Jambo-Jimbo
25 minutes ago, The Real Maroonblood said:

Wasn't sure if you were serious. 

It keeps a track of your usage

 

It's main purpose is to communicate with your energy supplier near enough in real time.

It is surprising how many, mainly older folks who don't realise that's all it does, they hear the word smart and think it can do this that & the next thing.

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The Real Maroonblood
1 hour ago, Jambo-Jimbo said:

 

It's main purpose is to communicate with your energy supplier near enough in real time.

It is surprising how many, mainly older folks who don't realise that's all it does, they hear the word smart and think it can do this that & the next thing.

I’m in the older bracket but I can assure you I’m still okay in the senile department although some folk would disagree.

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Jambo-Jimbo
1 minute ago, The Real Maroonblood said:

I’m in the older bracket but I can assure you I’m still okay in the senile department although some folk would disagree.

 

When I said "mainly older folks" that in no way was infering to mean you, and I hope you didn't think I was.

What I was meaning was that some 'older folks' are not as clued up on the new 'smart' devices and as such it scares them, nothing to do with being senile or anything like that.  I'm in the older bracket as well and it's not the first time I've got the grandkids to show me how to do something on my phone. 

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The Real Maroonblood
4 minutes ago, Jambo-Jimbo said:

 

When I said "mainly older folks" that in no way was infering to mean you, and I hope you didn't think I was.

What I was meaning was that some 'older folks' are not as clued up on the new 'smart' devices and as such it scares them, nothing to do with being senile or anything like that.  I'm in the older bracket as well and it's not the first time I've got the grandkids to show me how to do something on my phone. 

It’s fine mate.

I’ve actually had my D/D reduced.

I’m reasonably tech savvy as I can turn my heating on from my phone.

I’m fortunately in a position financially to deal with utilities.

I do realise how lucky I am to be in that position.

Saly there’s a whole lot less fortunate.

 

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5 hours ago, Jambo-Jimbo said:

 

No, I'm being serious, and I'll tell you why.

Talking to neighbours I've heard some weird theories straight out of the twilight zone.

 

'I'm no having one of those things in my house', Why?, 'because I'm not' or the best one was 'because it'll take over my appliances', WTF, did they think their fridge is going to sprout arms & legs and attack them late at night or something.

Or the wifey that said to me that it'll turn her power off if she goes over her budget, honestly I really wonder where the feck they are getting these ideas from.  Folk hear the word smart and conjure up all these weird thoughts about what a smart meter is.

 

That's why I asked.

 


Back when I was still daft enough to have a FB account and before the pandemic, Smart Meters were the devil with the conspiracy nutjobs (funny how they ditch the latest conspiracy for the next one so quickly eh?) and someone shared a live video of some gadgey pointing a "radiation meter"* at their Smart Meter and watching the numbers go up (which of course they would, as these meters often use a SIM card with a variety of carrier methods so will naturally emit low level radiation at the appropriate wavelength frequency for 3g or 4g so they can send home their readings, if not wired into the telephone line).

Cue loads of comments like:
"I've had nothing but headaches since mine was installed"
"Is it spying on you"
"I'm not having one of those in my house" etc.


1000s of people were watching this video, majority commenting similarly. 
 
Someone asked the guy with the meter "what does that reading indicate"?
He answered with, "I don't know, I just got it off ebay". 

:cornette:

I don't think it crossed any of their minds that the devices they were most likely using to view this uninformed garbage would trigger similar readings... 

*Most likely designed to read electric fields and magnetic fields. 

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The Mighty Thor

9.1% forecast. Still think that's a low ball estimate.

Wonder where real world inflation is at now? 15%?

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Konrad von Carstein
On 03/05/2022 at 23:04, Jambo_jim2001 said:

Scary how fast they get angry😮 true about some of the ladies though 😎

Being married to one of those ladies I am well aware of that :unsure: :lol:

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frankblack

I was shopping yesterday before the game and noticed that Lurpak butter is now £5 for a standard 500kg tub, when it used to be £3.75.  I decided to switch to Tesco own brand.

 

If that is an example of rises to expect across other food items its going to be worrying.

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MoncurMacdonaldMercer
15 minutes ago, frankblack said:

I was shopping yesterday before the game and noticed that Lurpak butter is now £5 for a standard 500kg tub, when it used to be £3.75.  I decided to switch to Tesco own brand.

 

If that is an example of rises to expect across other food items its going to be worrying.


Tesco muffins £1.50 used to be £1.     :(

 

 

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The Real Maroonblood
4 hours ago, frankblack said:

I was shopping yesterday before the game and noticed that Lurpak butter is now £5 for a standard 500kg tub, when it used to be £3.75.  I decided to switch to Tesco own brand.

 

If that is an example of rises to expect across other food items its going to be worrying.

According to their website it’s £3.59.

Their Express stores can be a bit more expensive.

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frankblack
49 minutes ago, The Real Maroonblood said:

According to their website it’s £3.59.

Their Express stores can be a bit more expensive.

 

I was in the big Corstorphine Tesco Extra.  Price was labelled on the row for the specific size.

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The Real Maroonblood
4 minutes ago, frankblack said:

 

I was in the big Corstorphine Tesco Extra.  Price was labelled on the row for the specific size.

Strange.
Next time I’m in there I’ll certainly ask about it.

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frankblack
16 minutes ago, The Real Maroonblood said:

Strange.
Next time I’m in there I’ll certainly ask about it.

 

I did buy it at £3.75 a week ago.  I noticed that the price was £5 in the CoOp a week and a half ago.

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The Real Maroonblood
15 minutes ago, frankblack said:

 

I did buy it at £3.75 a week ago.  I noticed that the price was £5 in the CoOp a week and a half ago.

They’re all taking the piss.

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Jambo-Jimbo
2 minutes ago, The Real Maroonblood said:

They’re all taking the piss.

 

The Co-op is on a different level though.

 

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Nucky Thompson
39 minutes ago, frankblack said:

 

I was in the big Corstorphine Tesco Extra.  Price was labelled on the row for the specific size.

You need to shop around Frank.

If you live in Edinburgh, all major supermarkets are fairly close to each other. So even if you have to go round a couple of them just to pick up their offers.

Yesterday in Tesco, Lurpak spreadable large 1kg tub was £6.50 or you could have gotten Country life spreadable 500g for £2.75.

Still a bit dearer than last year mind

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The Real Maroonblood
3 minutes ago, Jambo-Jimbo said:

 

The Co-op is on a different level though.

 

They certainly are.

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frankblack
16 minutes ago, Nucky Thompson said:

You need to shop around Frank.

If you live in Edinburgh, all major supermarkets are fairly close to each other. So even if you have to go round a couple of them just to pick up their offers.

Yesterday in Tesco, Lurpak spreadable large 1kg tub was £6.50 or you could have gotten Country life spreadable 500g for £2.75.

Still a bit dearer than last year mind

 

True - I don't really get much time to get to more than one big shop.  Haven't really shopped at the Gyle for some time.

 

Lidl opening will be good competition and means you can just park and go to both.

 

I also heard that Waitrose are potentially opening in Corstorphine - but you won't save much going there!

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I nipped into the Food Warehouse as they have a couple of offers on some regular groceries and also I like their malted bread.

Massive shop, compared some prices as I wandered round it. Many areas they had significantly higher prices than Tesco (55p more for a block of anchor for example).

Nothing really struck me as cheap for what you got for the money to be honest, I thought this shop being a spin-off fro Iceland it would be noticeably cheaper than Tesco. 
 

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8 hours ago, frankblack said:

I was shopping yesterday before the game and noticed that Lurpak butter is now £5 for a standard 500kg tub, when it used to be £3.75.  I decided to switch to Tesco own brand.

 

If that is an example of rises to expect across other food items its going to be worrying.


What are you doing with that amount of butter? Great price though. 

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frankblack
1 minute ago, gjcc said:


What are you doing with that amount of butter? Great price though. 

 

Have I got my weights mixed up?!

 

:facepalm:

 

Shopping isn't one of my most knowledgeable tasks.

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