FabSwingers.com forum: So, this £200 "loan"

By (user no longer on site) OP
over a year ago

Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Reply privately

Reply in forum

Reply +quote

By *eavenNhellCouple
over a year ago

carrbrook stalybridge

stop asking for such fine and sensible details with this the energy crisis is solved dontacha know

Reply privately

Reply in forum

Reply +quote

By *oxychick35Couple
over a year ago

thornaby

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

"
£200 it’s not even worth applying for it 4quid a week

Reply privately

Reply in forum

Reply +quote

By *uenevereWoman
over a year ago

Scunthorpe

What bugs me, is the intention to give it to everyone, rather than focusing on supporting those who are most vulnerable to the increase.

I don't want a bloody loan

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

£200 it’s not even worth applying for it 4quid a week "

Applying for? Jeez, ya don't need to apply for it. You're getting the loaned money whether you like it or not! No opt out!

So much for democracy......

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"What bugs me, is the intention to give it to everyone, rather than focusing on supporting those who are most vulnerable to the increase.

I don't want a bloody loan

I fully agree, but there is one awkward thing. I'm Yorkshire born n bread, but I live in Wales. Things are different here.

Reply privately

Reply in forum

Reply +quote

By *eanoCoolMan
over a year ago

wisbech

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite."

But, I don't have a TV licence, so how can I watch it?

Reply privately

Reply in forum

Reply +quote

By *eanoCoolMan
over a year ago

wisbech

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite.

But, I don't have a TV licence, so how can I watch it?"

Well you have access to the Internet clearly so I am sure all the relevant info is on his website and failing that I sure Google will provide you with the information.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite.

But, I don't have a TV licence, so how can I watch it?

Well you have access to the Internet clearly so I am sure all the relevant info is on his website and failing that I sure Google will provide you with the information."

Wrong answer.

Reply privately

Reply in forum

Reply +quote

By *eanoCoolMan
over a year ago

wisbech

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite.

But, I don't have a TV licence, so how can I watch it?

Well you have access to the Internet clearly so I am sure all the relevant info is on his website and failing that I sure Google will provide you with the information.

Wrong answer."

Well I have no idea what answer you want then, clearly not truth or the facts and I really cant be bothered to try and help someone if they can't or won't help themselves.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite.

But, I don't have a TV licence, so how can I watch it?

Well you have access to the Internet clearly so I am sure all the relevant info is on his website and failing that I sure Google will provide you with the information.

Wrong answer.

Well I have no idea what answer you want then, clearly not truth or the facts and I really cant be bothered to try and help someone if they can't or won't help themselves."

Well, there's been a lot of shouting about how this enforced loan is going to be given to people whether we like it or not.

However, I am unable to find anywhere any information about whether or how this £200 is repaid to the government, if at all.

Reply privately

Reply in forum

Reply +quote

By *uddy laneMan
over a year ago

dudley

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite.

But, I don't have a TV licence, so how can I watch it?

Well you have access to the Internet clearly so I am sure all the relevant info is on his website and failing that I sure Google will provide you with the information.

Wrong answer.

Well I have no idea what answer you want then, clearly not truth or the facts and I really cant be bothered to try and help someone if they can't or won't help themselves.

Well, there's been a lot of shouting about how this enforced loan is going to be given to people whether we like it or not.

However, I am unable to find anywhere any information about whether or how this £200 is repaid to the government, if at all. "

It is a socialist stealth bail out for the private energy companies. We all pay for them one way or another

Reply privately

Reply in forum

Reply +quote

By *eanoCoolMan
over a year ago

wisbech

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite.

But, I don't have a TV licence, so how can I watch it?

Well you have access to the Internet clearly so I am sure all the relevant info is on his website and failing that I sure Google will provide you with the information.

Wrong answer.

Well I have no idea what answer you want then, clearly not truth or the facts and I really cant be bothered to try and help someone if they can't or won't help themselves.

Well, there's been a lot of shouting about how this enforced loan is going to be given to people whether we like it or not.

However, I am unable to find anywhere any information about whether or how this £200 is repaid to the government, if at all. "

It is to be repaid at the rate of £40 per year for 5 years and the charge is added automatically to your electricity bill.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite.

But, I don't have a TV licence, so how can I watch it?

Well you have access to the Internet clearly so I am sure all the relevant info is on his website and failing that I sure Google will provide you with the information.

Wrong answer.

Well I have no idea what answer you want then, clearly not truth or the facts and I really cant be bothered to try and help someone if they can't or won't help themselves.

Well, there's been a lot of shouting about how this enforced loan is going to be given to people whether we like it or not.

However, I am unable to find anywhere any information about whether or how this £200 is repaid to the government, if at all.

It is to be repaid at the rate of £40 per year for 5 years and the charge is added automatically to your electricity bill."

Yes, correct. But all that is being said is exactly this. I repay the energy company at the rate of £40 per year.

My question is, do they get to keep the £40 per year for themselves, or do the repay it to the government?

Reply privately

Reply in forum

Reply +quote

By *oxychick35Couple
over a year ago

thornaby

"What bugs me, is the intention to give it to everyone, rather than focusing on supporting those who are most vulnerable to the increase.

I don't want a bloody loan

"
yep I agree same with bud passes and tv licenses

Reply privately

Reply in forum

Reply +quote

By *sussexyMan
over a year ago

Lewes

"What bugs me, is the intention to give it to everyone, rather than focusing on supporting those who are most vulnerable to the increase.

I don't want a bloody loan

yep I agree same with bud passes and tv licenses "

The biggest beneficiaries are surely going to be the elderly, many of whom will not be expecting to pay it all back.

Reply privately

Reply in forum

Reply +quote

By *uddy laneMan
over a year ago

dudley

"What bugs me, is the intention to give it to everyone, rather than focusing on supporting those who are most vulnerable to the increase.

I don't want a bloody loan

yep I agree same with bud passes and tv licenses

The biggest beneficiaries are surely going to be the elderly, many of whom will not be expecting to pay it all back."

But they will have to pay some of it back if not all, the only real beneficiaries will be the energy companies as the loan can only go to an energy company, i can not see the difference whether it is spent on heating or eating, the latter can not be cut down on in reality, but the former can which is being protected for some reason, a loan from the government for food to go to asda or lidl would be a better lifeline than energy.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

so the rebate not a rebate is applied to every domestic household regardless of need or occupancy ... then from next April every houshold will have a £40 chargeback applied wether or not they 'benifited' from the rebate not a rebate.

thats lots of student moving out of a 6 bed shared house who would have got £200 collectivley but if living elsewhere will have to pay the full £200 back.

Lets not forget the roughly 200k new builds a year which will also be paying back the rebate not a rebate so they get clobbered too. Could turn a nice profit for Sunak. Lend us our own money in 2022, then if son/daughter moves out and becomes a 'household' double bubble for Rishy.

Reply privately

Reply in forum

Reply +quote

By *ovebjsMan
over a year ago

Bristol

"Exactly how does it work?

Does the Government actually give £200 per household to the energy companies?

What exactly is a household, I assume it's actually the bill payer, correct me if I am wrong.

So, when the bill payer starts repaying this loan at £40 per year, where exactly does that £40 go? Do the energy companies send the £40 back to the government? If not, why not.

Is any interest applied to the amount of £40? Why?

What happens if my current energy supplier receives this loan from the government and subsequently goes out of business? Is the end user still required to repay this loan? How does that work?

Watch the Martin Lewis money show on itv hub, it will give you all your answers as this and the £150 Council tax rebate was explained with all the associated rules last nite.

But, I don't have a TV licence, so how can I watch it?

Well you have access to the Internet clearly so I am sure all the relevant info is on his website and failing that I sure Google will provide you with the information.

Wrong answer.

Well I have no idea what answer you want then, clearly not truth or the facts and I really cant be bothered to try and help someone if they can't or won't help themselves.

Well, there's been a lot of shouting about how this enforced loan is going to be given to people whether we like it or not.

However, I am unable to find anywhere any information about whether or how this £200 is repaid to the government, if at all.

It is to be repaid at the rate of £40 per year for 5 years and the charge is added automatically to your electricity bill.

Yes, correct. But all that is being said is exactly this. I repay the energy company at the rate of £40 per year.

My question is, do they get to keep the £40 per year for themselves, or do the repay it to the government?"

No they will just add it to the 12 billion they have in the pot already

Reply privately

Reply in forum

Reply +quote

By *ealthy_and_HungMan
over a year ago

Princes Risborough, Luasanne, Alderney

"It is a socialist stealth bail out for the private energy companies. We all pay for them one way or another "

It is a conservative monetarist economics stealth bail out for the private energy companies.

fify

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Interesting, how can money you gave as part your taxes, be given back as a loan?

Shifty Boris strikes again!

Reply privately

Reply in forum

Reply +quote

By *allySlinkyWoman
over a year ago

Leeds

[Removed by poster at 13/02/22 07:31:37]

Reply privately

Reply in forum

Reply +quote

By *allySlinkyWoman
over a year ago

Leeds

If you buy or rent a house after October you have to pay back the £200 even though you never received it

Reply privately

Reply in forum

Reply +quote

By *rFunBoyMan
over a year ago

Longridge

So, energy prices up 54% in April, not sure there are plans to review the cap during Summer - not heard anything as yet.

Government hand out £200, payable over next 5 years. In October, energy prices expected to be further increased another 20% or more, especially if Russia Divert their gas to China.

On top of the 20% increase, customers also expected to pay the loan back. The combination of the two will push many into the can't afford it category.

Full details are being announced soon. Payday Loanshark Boris is busy filling out a survey I believe.

Just like petrol, gas and electric are not coming down while gas is in the mix.

Reply privately

Reply in forum

Reply +quote

By *allySlinkyWoman
over a year ago

Leeds

Why does the energy cap have to be removed ? Can't the government put another one in place in April ?

Reply privately

Reply in forum

Reply +quote

By *ebbie69Couple
over a year ago

milton keynes

"Why does the energy cap have to be removed ? Can't the government put another one in place in April ?"

As far as I understand the cap has not been removed, it has been raised. It gets reviewed a couple of times a year to either raise or lower it.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"So, energy prices up 54% in April, not sure there are plans to review the cap during Summer - not heard anything as yet.

Government hand out £200, payable over next 5 years. In October, energy prices expected to be further increased another 20% or more, especially if Russia Divert their gas to China.

On top of the 20% increase, customers also expected to pay the loan back. The combination of the two will push many into the can't afford it category.

Full details are being announced soon. Payday Loanshark Boris is busy filling out a survey I believe.

Just like petrol, gas and electric are not coming down while gas is in the mix. "

I hear that the survey was "posted" and needs to be returned within 7 days. Nobody has said if it was sent 1st or 2nd class, registered, proof of delivery indeed proof of posting?

Call me cynical if you like, but I grew up in the era when credit controllers were routinely told, "The cheque is in the post, mate. Nothing I can do."

So, chances of him receiving and returning in 7 days?

Reply privately

Reply in forum

Reply +quote

By *ob198XaMan
over a year ago

teleford

It’s a dumb solution which creates so many more problems than it solves! Richie need to think this over, scrap this and try again!

Reply privately

Reply in forum

Reply +quote

By *allySlinkyWoman
over a year ago

Leeds

I hear that the survey was "posted" and needs to be returned within 7 days. Nobody has said if it was sent 1st or 2nd class, registered, proof of delivery indeed proof of posting?

It was Emailed and can be returned by Email

Reply privately

Reply in forum

Reply +quote

By *rFunBoyMan
over a year ago

Longridge

"Why does the energy cap have to be removed ? Can't the government put another one in place in April ?"

It's not removed, it's been revised.. therefore prices up 54% in April, another 20% projected for October.

The cap varies and dependent on various factors, the main being the wholesale prices of gas and electricity.

Reply privately

Reply in forum

Reply +quote

Post new Message to Thread