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"Reminder from HMG: It's nurses and teachers pay rises that cause inflation. Nothing to see here. " Haha this. Such a transparent bunch of crooks. And yet people will still fall for it. | |||
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"They are excessive and much of it is dictated by the markets. We need to remember that those profits are worldwide not just in the UK. These profits also help to pay pensions. " I'd rather keep my money than give it to someone else to pay for someone else's pension. | |||
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"It's okay. We can start burning people. " for heat | |||
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"The vast majority of BP's profits come from overseas, at the end of the day they are a business that answers to shareholders. Just a few years ago they made a massive operating loss, they never asked to be bailed out by taxpayers." exactly | |||
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"They are excessive and much of it is dictated by the markets. We need to remember that those profits are worldwide not just in the UK. These profits also help to pay pensions. I'd rather keep my money than give it to someone else to pay for someone else's pension. " If you are in receipt of a works related or private pension you almost certainly benefit from energy company profits. | |||
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"It’s takes years and a lot of money needs to be invested to get an oil well up and running. There has been a lot of underinvestment in the oil and gas industry due to government policy of wanting to shift to greener energy. If you’re not investing in fossil fuels and have a heavy reliance on them what do you think is going to happen to the price." Yes of which they're happy to offset investments against the public purse rather than pay for it when they have the means to. Effectively the public purse is used to help line the pockets of shareholders. | |||
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"BP will pay corporation tax on profits, and investors will pay tax on dividends. Pension fund investors will eventually pay tax through annuities or drawdown. Retained profits will be used for re-investment in the business - some of it highly risky." Exactly | |||
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"They are excessive and much of it is dictated by the markets. We need to remember that those profits are worldwide not just in the UK. These profits also help to pay pensions. I'd rather keep my money than give it to someone else to pay for someone else's pension. " If people don't have pensions they aren't able to spend money elsewhere and that has in impact on other businesses and the number of people in employment around the country. Then the government would be spending more on benefits whilst taking in less through the tax system. | |||
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"They are excessive and much of it is dictated by the markets. We need to remember that those profits are worldwide not just in the UK. These profits also help to pay pensions. I'd rather keep my money than give it to someone else to pay for someone else's pension. If people don't have pensions they aren't able to spend money elsewhere and that has in impact on other businesses and the number of people in employment around the country. Then the government would be spending more on benefits whilst taking in less through the tax system. " if energy companies can charge loads then more of people's pensions go on energy and less to other businesses etc etc. People who have annuties or DB pensions don't give a fuck what BP do. They've offed their investment risk. Only those I drawdown will have potentially benefited. But I'd imagine that if their pension is diversified it's not a huge amount of extra income into their pot (assuming it's reflected in a higher dividend). And their energy bills will be a lot higher. | |||
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"They are excessive and much of it is dictated by the markets. We need to remember that those profits are worldwide not just in the UK. These profits also help to pay pensions. I'd rather keep my money than give it to someone else to pay for someone else's pension. If you are in receipt of a works related or private pension you almost certainly benefit from energy company profits." I'm not. | |||
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"No wonder they make so much. Them Esso, Shell an other big firms are charging 20p most then the super markets around here" But that's OK apparently | |||
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"No wonder they make so much. Them Esso, Shell an other big firms are charging 20p most then the super markets around here" A mere drop in the ocean for them, the real profits come from selling on prospected sites to other companies | |||
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"It's about the 4th time I've said it, Shell and BP is where the UK pension fund is. It's not in the government's accounts. I also think the government are getting furlough money back through British Gas profits rather than slap a huge tax directly on the entire population " The UK doesn't have a pension fund state pension is paid from taxation tax comes in, pension etc is paid out. There is no pension pot. | |||
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"I never realised how altruistic these record profits are. That are huge amounts of money yet are being applauded because they and their shareholders will pay tax. That makes it okay then" But the record profits arise from circumstances outside BP's control. Yes, a huge slice will go in taxes of various kinds. That's how business works : investor's cash is used to fund business activities, sometimes you win, sometimes you lose. | |||
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"No wonder they make so much. Them Esso, Shell an other big firms are charging 20p most then the super markets around here A mere drop in the ocean for them, the real profits come from selling on prospected sites to other companies " The forecourt owner makes more from flowers and pasties than fuel? | |||
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"Most forecourt owners only make 2 to 3p a litre on fuel.I should know I used to run one." I was right then | |||
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"Stop buying BP petrol. " Do you know where your local fuel comes from? You have a regional fuel terminal, it might be owned by BP, Shell or any of the others. Now all the fuel companies tankers fill there. | |||
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"They'll be using it to fund research into renewable energy no doubt, for when the oil runs out. Same as the energy companies. Our bills can't go back down because they need the money to invest in alternative power sources. " Well then they wouldn't be profits would they? If they've invested it? It can't be both a profit and an investment in future energy provision. Its one or the other. And you can see what they are investing in their accounts. And it really isn't significant | |||
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"No wonder they make so much. Them Esso, Shell an other big firms are charging 20p most then the super markets around here I noticed that.. and motorway services are charging a lot more. There should be a law against them charging so much. The robbing bastards." Anybody who fills up at a motorway services and pays £1.97 a litre for unleaded is a fucking idiot or just a lazy cunt that can’t drive 1 mile from the motorway and pay £1.45 | |||
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"No wonder they make so much. Them Esso, Shell an other big firms are charging 20p most then the super markets around here I noticed that.. and motorway services are charging a lot more. There should be a law against them charging so much. The robbing bastards. Anybody who fills up at a motorway services and pays £1.97 a litre for unleaded is a fucking idiot or just a lazy cunt that can’t drive 1 mile from the motorway and pay £1.45" 1 mile it's usually many more miles before I come across one. | |||
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"They'll be using it to fund research into renewable energy no doubt, for when the oil runs out. Same as the energy companies. Our bills can't go back down because they need the money to invest in alternative power sources. Well then they wouldn't be profits would they? If they've invested it? It can't be both a profit and an investment in future energy provision. Its one or the other. And you can see what they are investing in their accounts. And it really isn't significant " It starts off as profits I assume. Then is spent next year on something they can justify charging us over the odds for. I can't remember which head of which energy company it was, but he was saying bills won't come down much if gas prices come down, because they need to invest in other sources of energy. So, we have to pay, so they can carry on supplying us when the oil and gas runs out. | |||
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"They'll be using it to fund research into renewable energy no doubt, for when the oil runs out. Same as the energy companies. Our bills can't go back down because they need the money to invest in alternative power sources. Well then they wouldn't be profits would they? If they've invested it? It can't be both a profit and an investment in future energy provision. Its one or the other. And you can see what they are investing in their accounts. And it really isn't significant " A business can make a profit and re invest it into the company. eg a business makes 2 million profit last tax year and invested into new equipment this tax year. | |||
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"Most forecourt owners only make 2 to 3p a litre on fuel.I should know I used to run one." Indeed, and around 50% of the pump price is Tax & Duty that goes directly into government coffers. Then there will be additional Tax on profits and dividends. God alone knows what the government do with all our money. | |||
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"They'll be using it to fund research into renewable energy no doubt, for when the oil runs out. Same as the energy companies. Our bills can't go back down because they need the money to invest in alternative power sources. Well then they wouldn't be profits would they? If they've invested it? It can't be both a profit and an investment in future energy provision. Its one or the other. And you can see what they are investing in their accounts. And it really isn't significant A business can make a profit and re invest it into the company. eg a business makes 2 million profit last tax year and invested into new equipment this tax year." Yep and then in this years accounts it won't be profit but will be shown as expenditure. Just look at the it accounts at how much is spent on alternative energy sources. | |||
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"It's really really simple. Everyone boycotts BP garages for their fuel but carries on using all the other garages. BP has no turnover so drop their prices to pull back their share of the market. All the other petrol stations would then do the same! Your welcome " we have the power. | |||
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"Most forecourt owners only make 2 to 3p a litre on fuel.I should know I used to run one. Indeed, and around 50% of the pump price is Tax & Duty that goes directly into government coffers. Then there will be additional Tax on profits and dividends. God alone knows what the government do with all our money." HS2 called “Am I invisible to you?” The government spends money where it is politically expedient to do so, either to stabilise existing voters or tempt swing (pardon the pun) voters, seldom does this expenditure have any real term benefit to society but it looks good. Interesting note in 2019, the governments revenue from income tax was lower than the cost of benefits paid out, I don’t know what the recent figures are, but that’s not healthy. | |||
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"It's really really simple. Everyone boycotts BP garages for their fuel but carries on using all the other garages. BP has no turnover so drop their prices to pull back their share of the market. All the other petrol stations would then do the same! Your welcome we have the power. " But how does one start this revolution??? | |||
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"It's really really simple. Everyone boycotts BP garages for their fuel but carries on using all the other garages. BP has no turnover so drop their prices to pull back their share of the market. All the other petrol stations would then do the same! Your welcome we have the power. But how does one start this revolution??? " Put a yellow post it on your dashboard.. "fill up somewhere other than BP"... Better yet... Everyone loves a #hashtag... "#bpnotforme" | |||
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"They are excessive and much of it is dictated by the markets. We need to remember that those profits are worldwide not just in the UK. These profits also help to pay pensions. I'd rather keep my money than give it to someone else to pay for someone else's pension. " I guess you'll have to buy a bicycle and a warm coat then | |||
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"It's really really simple. Everyone boycotts BP garages for their fuel but carries on using all the other garages. BP has no turnover so drop their prices to pull back their share of the market. All the other petrol stations would then do the same! Your welcome " Fine plan. Which fuel company do you suggest we use? | |||
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"It's really really simple. Everyone boycotts BP garages for their fuel but carries on using all the other garages. BP has no turnover so drop their prices to pull back their share of the market. All the other petrol stations would then do the same! Your welcome we have the power. But how does one start this revolution??? Put a yellow post it on your dashboard.. "fill up somewhere other than BP"... Better yet... Everyone loves a #hashtag... "#bpnotforme" " Bpnotforme? They are all as bad as one another & know at present we have no other real choice. You are just dreaming but hopefully enjoyed you day. | |||
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