Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: SP_3.2 on 10 January 2008, 11:12:26
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On the way home last night and from the looks of things it has gone up 1-2p per liter again. Most places in Leicester are now 1.03 min for unleaded and 1.11p min for super.
Just seem to be going up and up >:(
Looks like i will need to keep using a very light right foot.
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:-/ :( >:(
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(http://i91.photobucket.com/albums/k286/martinimber/cd3.jpg)
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Typical ain't it just after new year an all, and I just got a letter saying the interest rates went up 0.3% >:(
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I was sent a chain email from s friend (see below), not sure it will work though.?
We are hitting £106.9 for a litre of petrol . in some areas in the UK now; soon we will be faced to pay in excess of £1.10 per litre.
Philip Holdsworth offered this good idea!
This makes MUCH MORE SENSE than the 'don't buy petrol on a certain day campaign that was going around last April or May! The oil companies just laughed at that because they knew we wouldn't continue to hurt ourselves by refusing to buy petrol. It was more of an inconvenience to us than it was a problem for them. BUT, whoever thought of this idea has come up with a plan that could (if put into practice) really work.
Please read it and join in!
Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a litre is CHEAP, we need to take an aggressive action to teach them that BUYERS control the market place not sellers. With the price of petrol going up more each day, we consumers need to take action. The only way we are going to see the price of petrol come down is if we hit someone in the pocket by not purchasing their Petrol! And we can do that WITHOUT hurting ourselves.
Here's the idea:
For the rest of this year DON'T purchase ANY petrol from the two biggest oil companies (which now are one), ESSO and BP.
If they are not selling any petrol, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit. But to have an impact we need to reach literally millions of Esso and BP petrol buyers. It's really simple to do!!
Now, don't wimp out on me at this point... Keep reading and I'll explain how simple it is to reach millions of people!!
I am sending this note to a lot of people. If each of you send it to at least ten more (30 x 10 = 300)... and those 300 send it to at least ten more (300 x 10 = 3,000) ... and so on, by the time the message reaches the sixth generation of people, we will have reached over THREE MILLION consumers! If those three million get excited and pass this on to ten friends each, then 30 million people will have been contacted! If it goes one level further, you guessed it.....
THREE HUNDRED MILLION PEOPLE!!!
Again, all you have to do is send this to 10 people. That's it, (and don’t buy at ESSO/BP). How long would all that take? If each of us sends this email out to ten more people within one day of receipt, all 300 MILLION people could conceivably be contacted within the next 8 days!!! Acting together we can make a difference if this makes sense to you, please pass this message on.
PLEASE HOLD OUT UNTIL THEY LOWER THEIR PRICES TO THE 69p a LITRE RANGE (wouldn’t hat be nice).
It's easy to make this happen. Just forward this email, and buy your petrol at Shell, Asda, Tesco, Sainsbury's, Morrison’s Jet etc. I.e. boycott BP and Esso.
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Typical ain't it just after new year an all, and I just got a letter saying the interest rates went up 0.3% >:(
Eh!!!!
Interest rates went down the last time the BOE met.
are due to stay the same this month
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Typical ain't it just after new year an all, and I just got a letter saying the interest rates went up 0.3% >:(
Eh!!!!
Interest rates went down the last time the BOE met.
are due to stay the same this month
Thats what I thought, my mortgage rate went down last month, but they have hit me 0.3 on my re-mortgage >:(, will need to be calling them about that I think >:(
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Typical ain't it just after new year an all, and I just got a letter saying the interest rates went up 0.3% >:(
Eh!!!!
Interest rates went down the last time the BOE met.
are due to stay the same this month
actually aren't they meeting today? the report I heard said they were likely to go down .25%.
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Mortgage companies send you the letter the day after the BOE raise interest rates to tell you yours has gone up but it takes them weeks for the letter to tell you its gone down, if you receive one at all :(
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Mortgage companies send you the letter the day after the BOE raise interest rates to tell you yours has gone up but it takes them weeks for the letter to tell you its gone down, if you receive one at all :(
..bit like the price of chips..
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Mortgage companies send you the letter the day after the BOE raise interest rates to tell you yours has gone up but it takes them weeks for the letter to tell you its gone down, if you receive one at all :(
Bit like fuel prices then, really? Cost of barrel goes up, pass straight on to customer. Cost of a barrel drops, customer over said barrel!
Kevin
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Mortgage companies send you the letter the day after the BOE raise interest rates to tell you yours has gone up but it takes them weeks for the letter to tell you its gone down, if you receive one at all :(
Bit like fuel prices then, really? Cost of barrel goes up, pass straight on to customer. Cost of a barrel drops, customer over said barrel!
Kevin
We've only got ourselves to blame, we/I moan about it all the time but do nothing :-[
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We've only got ourselves to blame, we/I moan about it all the time but do nothing Embarrassed
You're right, Pete. Must get that LPG kit organised.
Kevin
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We've only got ourselves to blame, we/I moan about it all the time but do nothing Embarrassed
You're right, Pete. Must get that LPG kit organised.
Kevin
:y
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Well it appears my re-mortgage loan which is with First plus is not based on the BOE rates they base theirs on the Finance House Base Rate (FHBR) here; http://www.fla.org.uk/fla/stats/LatestFHBR.riv
FHBR rate is currently 6.5% but the rate I am now being charged is 10.3% >:(, so thats 3.8% over the FHBR rate, rather robbin tinkers >:(
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Well it appears my re-mortgage loan which is with First plus is not based on the BOE rates they base theirs on the Finance House Base Rate (FHBR) here; http://www.fla.org.uk/fla/stats/LatestFHBR.riv
FHBR rate is currently 6.5% but the rate I am now being charged is 10.3% >:(, so thats 3.8% over the FHBR rate, rather robbin tinkers >:(
:o
Time to change me thinks
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Well it appears my re-mortgage loan which is with First plus is not based on the BOE rates they base theirs on the Finance House Base Rate (FHBR) here; http://www.fla.org.uk/fla/stats/LatestFHBR.riv
FHBR rate is currently 6.5% but the rate I am now being charged is 10.3% >:(, so thats 3.8% over the FHBR rate, rather robbin tinkers >:(
:o
Time to change me thinks
not that straight forward, high penalties I think in terms of interest, if you opt to pay/settle early, might just need to write to them anyway to get a settlement figure ;)
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I don't normally get involved in these discussions but statements from morons like the one quoted really get to me. The price of petrol IS 60 odd pence a litre in real terms the rest is duty charged by the government we vote for and who by default are meant to work for us. Hitting the petrol stations in situations like this only effects a minority and that is the people who lease the premises and get a minimal percentage return on the product supplied hence the reason so many rely on the corner shop type buisness no with the filling station as a secondary source of income.
BP and ESSO are not the same company as ESSO is owned by ExxonMobil further indcating the little amount of knowledge that goes into these statements. The only people to target is the government so send complaints to them and at least let the retailers do their business!
As for hitting the oil companies - remember that fuel is a small part of the by-product so is there an intention to stop buyng all oil based products including gas?
Rant over, sorry.
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Typical ain't it just after new year an all, and I just got a letter saying the interest rates went up 0.3% >:(
Eh!!!!
Interest rates went down the last time the BOE met.
are due to stay the same this month
actually aren't they meeting today? the report I heard said they were likely to go down .25%.
They did meet today, and thankfully they have held the rate. It would not reflect well on the state of our economy if they'd dropped rates again with inflation still above target and looking set to rise with the cost of oil, other energy and food going up. Still doesn't look so good, but the alarm bells would be ringing if they'd dropped rates against that background.
Personally I think we'll struggle to avoid a correction over the next few years, it's been in the post for a while and I can't say I've got a huge amount of confidence in the recent fiscal policy of the government -- all spin and little substance. You can only ride the crest of a wave for so long.
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Typical ain't it just after new year an all, and I just got a letter saying the interest rates went up 0.3% >:(
Eh!!!!
Interest rates went down the last time the BOE met.
are due to stay the same this month
actually aren't they meeting today? the report I heard said they were likely to go down .25%.
They did meet today, and thankfully they have held the rate. It would not reflect well on the state of our economy if they'd dropped rates again with inflation still above target and looking set to rise with the cost of oil, other energy and food going up. Still doesn't look so good, but the alarm bells would be ringing if they'd dropped rates against that background.
Personally I think we'll struggle to avoid a correction over the next few years, it's been in the post for a while and I can't say I've got a huge amount of confidence in the recent fiscal policy of the government -- all spin and little substance. You can only ride the crest of a wave for so long.
so was it a case of Mr Brown being in the right place at the right time and now being hailed as one of the mose sucsessful chancellors?
That's how i have seen it, would be interesting to hear someone elses view
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I don't normally get involved in these discussions but statements from morons like the one quoted really get to me. The price of petrol IS 60 odd pence a litre in real terms the rest is duty charged by the government we vote for and who by default are meant to work for us. Hitting the petrol stations in situations like this only effects a minority and that is the people who lease the premises and get a minimal percentage return on the product supplied hence the reason so many rely on the corner shop type buisness no with the filling station as a secondary source of income.
BP and ESSO are not the same company as ESSO is owned by ExxonMobil further indcating the little amount of knowledge that goes into these statements. The only people to target is the government so send complaints to them and at least let the retailers do their business!
As for hitting the oil companies - remember that fuel is a small part of the by-product so is there an intention to stop buyng all oil based products including gas?
Rant over, sorry.
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Not a rant. Just logic.
We all know from simple experience, (setting aside the political considerations), that chain letters like this are the creation of mindless idiots. There isn't a hope in hell that the results predicted will ever come to pass. It won't even get off the ground.
And even if it did, the government would have to find an alternative way of raising the lost revenue. And don't believe for one minute that they wouldn't/couldn't. Motorists certainly wouldn't be let off the hook.
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so was it a case of Mr Brown being in the right place at the right time and now being hailed as one of the mose sucsessful chancellors?
That's how i have seen it, would be interesting to hear someone elses view
I was in school when the Labour government came to power, so I'm not really in a position to comment on how their performance compares to previous governments/chancellors.
However, I do believe that the world as a whole (or at least what we term the "West") has been on the up for most of the mid 90s onwards, after the boom/bust cycle of the late 80s/early 90s. Other than the mild recession of 2001-2002 (partly due to 9/11 but also other factors like over-inflated tech stocks crashing, aka "dot com") we are following much the same cycle as before.
What has concerned me is that when the government gave control of interest rates to the BoE (which I think is a good thing) they set the key target to maintain CPI inflation within 1 and 2%. Which is all well and good, but CPI is a nice little piece of spin that conveniently excludes a lot of variables from the inflation calculation. So real inflation is higher, in some cases a lot higher, than that claimed by the government.
Then suddenly when things are looking a little down, everyone looks to the BoE to lower interest rates, even though their key target -- CPI inflation -- is still above the upper limit.
Personally I think interest rates should have been raised long before they were to reduce the availability of "cheap credit", as the levels of debt people have acquired in this country is staggering. It's all well and good when the economy is growing and confidence is high, with interest rates remaining low. But when things start to turn (as they inevitably do -- history has taught us they always do) suddenly credit isn't so easy to get, interest rates rise, people find themselves struggling to pay, etc. Add into that the possibility that unemployment rises, as it usually does if the economy goes into a proper recession, and you've got a lot of people in a lot of financial trouble. Which in an over-leveraged market causes a drop in real estate values, reducing confidence (as people "feel" poorer, even if nothing else has changed) in turn reducing spending, which exacerbates the whole cycle.
I'm not an economist (as anyone who is has probably guessed ;) ) but those are my opinions on it. I think we're due a correction, as is already happening in the US. When the rest of the western economy goes into recession it's almost inevitable that we will too, but the extent of how that affects us is dependent on things like the levels of debt we're carrying. I think GB's fiscal policy over the last 10 years has left us in a very precarious situation should things go properly pear shaped over the next 5 years or so. I hope it doesn't work out that way, but I fear it just might.
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Personally I think interest rates should have been raised long before they were to reduce the availability of "cheap credit", as the levels of debt people have acquired in this country is staggering.
Me too. I personally think the government saw consumer spending (fuelled by credit) artificially propping up their economy and decided to milk it for as long as they dared. It'll leave a lot of people smarting if we get a proper "correction" (and it'll delay recovery).
Kevin
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Cut out the Whiskey, that will pay for your petrol Count ;D
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Personally I think interest rates should have been raised long before they were to reduce the availability of "cheap credit", as the levels of debt people have acquired in this country is staggering.
Me too. I personally think the government saw consumer spending (fuelled by credit) artificially propping up their economy and decided to milk it for as long as they dared. It'll leave a lot of people smarting if we get a proper "correction" (and it'll delay recovery).
Kevin
My thoughts exactly... the huge rise in consumer debt has been the fuel behind the expenditure that has kept the economy seemingly strong on the surface. But ultimately the money has to come from somewhere, and if you keep building your deck of credit cards it's going to come down eventually. It's not like the GDP has grown at anywhere near the rate of debt.
And that's before we even consider those who borrowed on equity due to over inflated real estate values, yet another area where Mr. Brown has completely failed to even attempt to reign in. And the reason for that is that magic "feel good factor" -- people think they're rich so they spend more. Problem is, a boom is inevitably followed by a bust; I guess he was asleep in the commons through most of the Tory government's reign!
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so was it a case of Mr Brown being in the right place at the right time and now being hailed as one of the mose sucsessful chancellors?
That's how i have seen it, would be interesting to hear someone elses view
He has actualy been rather silly......despite periods of excellent growth and productivity in the UK hes still been borrowing more than ever.....this is a BAD move.
We are now approaching a recession (I have little doubt about this) with even bigger debts than ever and the economy I suspect will slow down or maybe even shrink.
The old rule used to be borrow to get through the hard times and pay back in the good.....
So no, hes been very good at spin and conning those who dont fully understand the workings.
The classic was the recent reduction in income tax....great but, he scrapped one of the lower tax bands and bumped NI up.....making people worse off and affecting those at the bottom end more than most.
So.....lucky and bloody underhanded!
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so was it a case of Mr Brown being in the right place at the right time and now being hailed as one of the mose sucsessful chancellors?
That's how i have seen it, would be interesting to hear someone elses view
He has actualy been rather silly......despite periods of excellent growth and productivity in the UK hes still been borrowing more than ever.....this is a BAD move.
We are now approaching a recession (I have little doubt about this) with even bigger debts than ever and the economy I suspect will slow down or maybe even shrink.
The old rule used to be borrow to get through the hard times and pay back in the good.....
So no, hes been very good at spin and conning those who dont fully understand the workings.
The classic was the recent reduction in income tax....great but, he scrapped one of the lower tax bands and bumped NI up.....making people worse off and affecting those at the bottom end more than most.
So.....lucky and bloody underhanded!
oh he's a devious b'stard allright. Most people don't know what NI is even though it takes 10% of their salary - the focus is on the income rate rate, so he cuts one and raised the other. Not to mention (much) his stealth raid on pensions the moment he became chancellor..
Ever notice during the Blair years when the sh1t was hitting the fan, how Brown was nowhere to be seen..
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so was it a case of Mr Brown being in the right place at the right time and now being hailed as one of the mose sucsessful chancellors?
That's how i have seen it, would be interesting to hear someone elses view
He has actualy been rather silly......despite periods of excellent growth and productivity in the UK hes still been borrowing more than ever.....this is a BAD move.
We are now approaching a recession (I have little doubt about this) with even bigger debts than ever and the economy I suspect will slow down or maybe even shrink.
The old rule used to be borrow to get through the hard times and pay back in the good.....
So no, hes been very good at spin and conning those who dont fully understand the workings.
The classic was the recent reduction in income tax....great but, he scrapped one of the lower tax bands and bumped NI up.....making people worse off and affecting those at the bottom end more than most.
So.....lucky and bloody underhanded!
I dont normally talk about politics..........
But i have to say under labour goverment........they do nothing for a 'one man band' companies...... >:(
Under the conservatives........there used to tax incentives.......to help paying too much tax........
When i was i company director (well still am, but unpaid) i used to get paid and a flat 25% was taken off for tax for everything i earned..........this is not allowed anymore under labour >:(
A lot of companies like myself went brankrupt coz of the labour 'charge'........i didnt actually go bankrupt just ceased trading......to aviod the extra charge......company still exists....in fact bout to sign the papers for returns to companies house.......
Conservatives have stated they will reintroduce this 'tax relief' if they get reinstated........
So Labour for me :(
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I don't normally get involved in these discussions but statements from morons like the one quoted really get to me. The price of petrol IS 60 odd pence a litre in real terms the rest is duty charged by the government we vote for and who by default are meant to work for us. Hitting the petrol stations in situations like this only effects a minority and that is the people who lease the premises and get a minimal percentage return on the product supplied hence the reason so many rely on the corner shop type buisness no with the filling station as a secondary source of income.
BP and ESSO are not the same company as ESSO is owned by ExxonMobil further indcating the little amount of knowledge that goes into these statements. The only people to target is the government so send complaints to them and at least let the retailers do their business!
As for hitting the oil companies - remember that fuel is a small part of the by-product so is there an intention to stop buyng all oil based products including gas?
Rant over, sorry.
:DDont be sorry RANT, RANT & RANT again, we need more RANTING! :y
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I'm personally better off under Labour, but NOT because of them, because of my own hard work. I truely believe that the Conservatives are the ones best for the job.
Labour used to be for the working man, but NO LONGER.
I persoally have never voted Labour, to be honest= i hate them ALL, as soon as they come on tv my blood boils >:(
Id'e like to re-incarnate Guy Forks ;)
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I'm not sure the Conservatives are any better but every so often we need a clean out and start again, and that only happens when someone loses an election.
A sort of political CTRL-ALT-DELETE.
We're overdue for one right now, but the same was true when the Conservatives had been in for years too.
Kevin
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if oil is sold in u.s. dollars and the sterling/dollar exchang rate is the best it has been for a very long time,should petrol in the u.k. not be dropping in price rather than rising? maybe i am missing something!
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the thing is its does not mater were get the oil comes from it will always be sold in us $,we get hit hard in the north of ireland as in the uk cause i think its around 46%to48% goes right to the GOV ,for what ? :y
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OK, the fuel duty facts are contained in this article.
http://www.petrolprices.com/fuel-tax.html
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if oil is sold in u.s. dollars and the sterling/dollar exchang rate is the best it has been for a very long time,should petrol in the u.k. not be dropping in price rather than rising? maybe i am missing something!
You're looking at it the wrong way around though. The demand (and supply) worldwide is what sets the price, and most of the world does not use US$. So what actually happens is that when the value of the dollar goes down, the price goes up (in dollar terms, not necessarily real terms).
If the pound is getting stronger in its own right, then the price of oil (and most imports) should fall. But that's not the case -- it's actually the dollar that is getting weaker, which pulls the dollar value of oil upwards, and in turn means it costs us roughly the same as the increased $/£ ratio roughly cancels out the increased $ price. The pound is actually trading pretty low against the euro right now, so sterling isn't particularly strong in the big picture -- it's just a lot stronger than the dollar.
Or something like that ::)