Iceland to offer loan's

[Leon103]

Very true, however other countries have now set fuel cap's to ease the burden. Sadly this Government is more interested in TV debates

Thought we do have a fuel cap.....

 

[White Rose Al]

OF

Thought we do have a fuel cap.....

OFGEM a waste of space on energy caps, it would be great if we all knew what we will see in rises

 

[An Ankoù]

So to get back on topic is this a good or bad thing?

Neither. It's a fairy story.
How is a supermarket chain going to test the "suitability" of it's punters for purchases on "tick"?
What's to stop any Tom, Dick or Harry going in for a basketful and just disappearing?
What collateral is going to be required.

Those in real need simply won't qualify.

 

[White Rose Al]

No lender will expose the risk of lending against those who have no ability to repay.

It is a very sad state

 

[Brew_DD2]

Neither. It's a fairy story.
How is a supermarket chain going to test the "suitability" of it's punters for purchases on "tick"?
What's to stop any Tom, Dick or Harry going in for a basketful and just disappearing?
What collateral is going to be required.

Those in real need simply won't qualify.

They're not. They're using a not-for-profit lender. I suspect your final point will be borne out though

 

[Rodcx500z]

It's a bit like going back to the 60s when most corner shops ran a slate

 

[RichardM]

It's a "loan"...which in theory will have to be paid back. If you default I suspect it'll be a solicitor job,fine,interest or whatever. Neither of which anyone who can't afford their next meal will be able to pay. I suspect its a gimmick...Iceland "loan" £50 worth of food to 1 million people and those people don't pay back they go bust..plus people need feeding quite regularly...so is it just one load or a years worth? Plus...will they be offering the free delivery or will that come with a £50 charge?
Or is the country Iceland and has this been looked at by Gordon Brown?

Neither. It's a fairy story.
How is a supermarket chain going to test the "suitability" of it's punters for purchases on "tick"?
What's to stop any Tom, Dick or Harry going in for a basketful and just disappearing?
What collateral is going to be required.

Those in real need simply won't qualify.

You need to read this Cost of living: Iceland to offer interest-free loans to customers to better understand how the scheme will work.

 

[An Ankoù]

You need to read this Cost of living: Iceland to offer interest-free loans to customers to better understand how the scheme will work.

Thanks for the link. All I needed to know is here:

Managing director Richard Walker said loans - provided by charity-owned lender Fair For You - would only be offered to those who can afford them.

How will they assess who can afford them?
Those in real need will continue to be deprived of fish fingers.
A noble attempt by Iceland to steal a march on their competitors for marketing opportunism.

 

[foxy]

Sympathise with people.


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I would expect that if a graph was drawn up for most countries it would look very similar, everything was grouse until Covid struck.,

 

[Bergenson]

Societally bad and a sad reflection of where we are. At least Iceland is willing to do something to help provide food for those who are potentially in desperate measures.

It's a good thing for a retailer to assist customers but it's sad that the retailer has to assist. It's both sad and bad that consumers has to buy food on credit, irrespective of whether there's interest involved.

 

[Crappyfish]

Thought we do have a fuel cap.....

Nahh the fuel cap is to give energy companies a green light to hike their prices up. They don't have to raise them I phoned Shell energy they said they are putting theirs up in line with the cap. Do they have to or will they because they can?

 

[Leon103]

Nahh the fuel cap is to give energy companies a green light to hike their prices up. They don't have to raise them I phoned Shell energy they said they are putting theirs up in line with the cap. Do they have to or will they because they can?

Yes they can do what they want. I didn't say otherwise

 

[Braumeister]

Nahh the fuel cap is to give energy companies a green light to hike their prices up. They don't have to raise them I phoned Shell energy they said they are putting theirs up in line with the cap. Do they have to or will they because they can?

Obviously they have to. Or maybe they can get special cheap gas from their secret cupboard.

 

[Crappyfish]

Obviously they have to. Or maybe they can get special cheap gas from their secret cupboard.

No secret cupboard just secret billions.

 

[Braumeister]

No secret cupboard just secret billions.

Yes businesses shouldn’t be making money. Sometimes if prices fall then they will lose money but that’s just tough luck. But if they make profits we should share it all out between us.

 

[foxy]

12 years of Tory mismanagement has made us a 3rd world country. Now is the time for change, whoever wins the poison challis should immediately call a GE. When we get 1980’s style riots it will be the poor police who be in the firing line as they were then.

I wonder who was mismanaging the country in 2008-2009? That was without Covid and a war in the Ukraine.