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The Clubhouse Bar
A Political Thread pt. 2
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<blockquote data-quote="Reiser99" data-source="post: 1064163" data-attributes="member: 72977"><p>Interesting, so they are going into special administration, not normal administration. Basically instead of another company taking over, the government is. This seems to be a power introduced after the banking crisis for companies essentially too big to fail. First time it's been used. This will cost the tax-payer as the government will need to pump money in unless it can sell it off. Definitely shows that the government hasn't solved the issue or even got control of what is happening in the energy sector.</p><p></p><p>For you personally it does mean you'll keep your current tariff, but not sure what will happen in the longer term. If prices continue to go up and you eventually do have to switch that will cost you.</p></blockquote><p></p>
[QUOTE="Reiser99, post: 1064163, member: 72977"] Interesting, so they are going into special administration, not normal administration. Basically instead of another company taking over, the government is. This seems to be a power introduced after the banking crisis for companies essentially too big to fail. First time it's been used. This will cost the tax-payer as the government will need to pump money in unless it can sell it off. Definitely shows that the government hasn't solved the issue or even got control of what is happening in the energy sector. For you personally it does mean you'll keep your current tariff, but not sure what will happen in the longer term. If prices continue to go up and you eventually do have to switch that will cost you. [/QUOTE]
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The Clubhouse Bar
A Political Thread pt. 2
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