Post by dermot on Sept 8, 2022 12:01:50 GMT
Just looking at the new scheme for reducing the energy cap, and asking where the cash is going to come from.
Might this be an opportunity to relaunch a savings scheme not unlike the BESSA of decades ago? Members of the public could invest any spare cash towards the loans the energy companies will need - still underwritten by the government - over the proposed ten year lifetime of the scheme, and returned in a tax advantageous way. Otherwise, I assume that the bulk of these loans will be from institutional - and likely international - lenders with the result that the interest on the £100Billion, or whatever, will be siphoned off abroad, rather than be returned to UK citizens.
As I recall, it worked quite well during the Thatcher administration and so should align well with the new PM.
Some of the larger Peer to Peer lenders might be ideally placed to do this with a minimum of delay....
Might this be an opportunity to relaunch a savings scheme not unlike the BESSA of decades ago? Members of the public could invest any spare cash towards the loans the energy companies will need - still underwritten by the government - over the proposed ten year lifetime of the scheme, and returned in a tax advantageous way. Otherwise, I assume that the bulk of these loans will be from institutional - and likely international - lenders with the result that the interest on the £100Billion, or whatever, will be siphoned off abroad, rather than be returned to UK citizens.
As I recall, it worked quite well during the Thatcher administration and so should align well with the new PM.
Some of the larger Peer to Peer lenders might be ideally placed to do this with a minimum of delay....