£120 Green FUEL Tax- “Wind Turbines” When Denmark Proves They Are No Use…NWO Coffers!!

Green fuel bill shock: Families face a charge of up to £120 to fund thousands of wind turbines

By David Derbyshire and Kirsty Walker
Last updated at 11:44 PM on 10th July 2009

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The levies – dubbed ‘green stealth taxes’ will help pay for the building of 7,000 wind turbines over the next 11 years

Millions of families face being hit with higher fuel bills to pay for a new ‘green energy revolution’ due to be unveiled by Labour next week.

The levies on the price of gas and electricity  -  dubbed ‘green stealth taxes’ by critics  -  will help pay for renewable energy to tackle climate change, including building 7,000 wind turbines over the next 11 years.

A White Paper unveiled by Climate Change minister Ed Miliband next week will outline the Government’s next steps for the expansion of green energy.

But industry experts warn the cost of subsidising renewables will increase household energy bills. At present the renewables element of the typical bill is an average £55 a
year, but this could increase to as much as £120 by 2014.

The respected UK Energy Research Centre has predicted that by 2050 the subsidy will cost the economy at least £17billion a year, the equivalent of an extra £700 a year per household.

The White Paper follows the Government’s pledge to cut greenhouse gas emissions by 34 per cent within 11 years, and by 80 per cent within 40 years. Britain is the only country in the world with legally binding carbon dioxide targets.

The UK also faces tough European targets to ensure that at least 30 to 40 per cent of Britain’s electricity will be generated by wind, solar, wave and tidal power by 2020.

Currently, just three per cent of the UK’s electricity comes from renewable sources.

The Government says the shift away from fossil fuels towards wind, nuclear, tidal, solar and biomass power is essential to prevent dangerous climate change.

Ministers have warned that the country could face deadly heatwaves, rising sea levels and regular floods within 50 years unless urgent action is taken to ‘ decarbonise’.

But the Government’s advisers on climate change say the greenhouse-gas targets could push 1.7million into fuel poverty.

The White Paper is expected to propose ’social tariffs’ to ease the burden of higher energy bills on the poor and the elderly.

Energy companies will be told to subsidise the cost for the poor by adding extra to the bills of better-off customers.

It will also say that climate change targets can be reached only with a massive expansion of offshore wind farms.

The White Paper will introduce incentives for householders to produce their own energy from solar panels, ground source heat pumps and combined heat and power units.

Ministers will also back the introduction of smart meters  -  gadgets that help consumers monitor and cut power use  -  in an effort to improve energy efficiency.

Matthew Sinclair of the TaxPayers’ Alliance said: ‘The last thing that the Government should be doing right now is pushing up electricity bills even more to line the pockets of renewable energy firms.

‘Wind farms aren’t delivering reliable energy when we need it, and their massive subsidies are paid for by pushing up ordinary people’s bills.

‘It would be a complete betrayal if they were to add to that burden while families are struggling to cope in a recession. Action needs to be taken to reduce the burden of ineffective climate change policies, instead of ploughing blindly on and throwing even more money at the problem.’

ROBBING THE POOR TO PAY THE RICH—BANKERS BONUS- WHAT WAS IT BROWNSKI SAID—AN END TO THEIR TROUGHING……………TRY TELLING THE FABIAN BANKERS—-LIKE THE EUSSR THEY CAN’T UNDERSTAND THE WORD NO!!

 

Big City bonuses are back! Less than a year after banks took billions in taxpayer-funded bailouts…

By Simon Duke
Last updated at 1:30 AM on 11th July 2009

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City banks are preparing to lavish record bonuses on staff less than a year after bringing the world economy to the brink of meltdown.

Many high-flying traders and dealmakers are looking forward to ‘ mindblowing’ payouts on a par with the rewards handed out at the height of the banking boom in 2007.

This is despite many of the banks only being able to turn a profit because they have been bailed out with taxpayers’ money.

Wall Street giant Goldman Sachs is expected to confirm next week that it will pay an average of almost £400,000 in pay and bonuses to each of its 5,500 London-based staff  -  a total of £2.2billion.

‘Thick-skinned’ Goldman Sachs is on course to almost £400,000 in pay and bonuses to its 5,500 London-based staff this year

Its profits are soaring on the back of the $6.2billion it received from the U.S. taxpayer last year.

Royal Bank of Scotland recently revealed chief executive Stephen Hester was in line for a £9.7million pay package if he brings the bailed-out bank’s share price up to 70p.

Another bailed- out financial giant, Citigroup, is raising basic pay for many of its investment bankers and traders by up to 50 per cent, to make up for the loss in bonus pay.

Nationalised U.S. insurance firm AIG is planning to pay millions of dollars more in bonuses to dozens of top bosses across the world.

Last year it paid out more than £100million despite being rescued by the U.S. government after racking up £60billion in losses from reckless bets on toxic debt.

Credit Suisse, Deutsche Bank, JP Morgan, Morgan Stanley and Barclays are also planning major rewards.

This is despite their actions triggering a recession which is expected to cost a million Britons their jobs.

The return of ‘business as usual’ to the banking sector makes a mockery of the Government’s claim to have stamped out the culture of greed and reckless risk taking in the banking industry.

Vince Cable, Liberal Democrat Treasury spokesman, said: ‘People have very short memories. Goldman Sachs are completely thick-skinned and insensitive to the broader needs of the economy.’

Although the bank has repaid its loan from the taxpayer, it is considered ‘too big to fail’ and has an implicit guarantee of support from the American government. This means its traders are able to take big bets with little risk of punishment.

John Mann, a Labour MP on the Treasury Select Committee, said: ‘This is money for nothing.

‘They are gambling with other people’s money. They cannot lose from it. The idea that we should be allowing this culture to continue is quite mind-blowing.’

Goldman’s bankers pocketed rewards running into millions of pounds throughout the credit boom for brokering a wave of major takeover deals.

These deals disappeared in the wake of the credit crunch in 2007.

But now that so many of its rivals have failed or been taken over, Goldman can charge more for advising clients and helping them raise money. Many companies are having to re-finance their debts, which means fat commissions.

That Goldman is spearheading the return of the mega bonus will be particularly embarrassing for the Government, which paid it £5million of taxpayers’ money for advice in the attempt to find a private sector rescuer for Northern Rock. The bank eventually had to be bailed out by the taxpayer.

Analysts from the Bank of America estimate that Goldman will pay an average of £397,000 in pay and bonuses for each of its 28,000 staff worldwide. This is almost twice the amount employees received last year and just short of the record £408,000 average earnings in 2007.

The return of the mammoth bonuses will enrage millions of credit-starved businesses and families, who will be paying for the paying for clean-up of the banking system for years to come.

Taxes are expected to soar and spending on key public services will be slashed as successive governments grapple with the ballooning national debt.

A Government White Paper this week was widely criticised for not going far enough to eradicate the scourge of reckless risk-taking, which has sent the world economy into its deepest downturn since Second World War.

FABIANS CREATING THEIR UTOPIA YOUR MISERY!!