Comparisons

How do you know whether you’re on to a good deal or not? Most people would compare what they’re getting against what other people are getting and make an educated judgement to determine that.

So when politicians talk about rising energy prices and the costs of heating homes, we need to look and see what they get compared to what they’re offering the under-classes:

So there we have it: Nadhim Zahawi claims £5822 a year for his heating and electricity bills. Other MPS claim between £3960 and £4586 a year, despite having tons of money in their own right. By comparison, the maximum payment made to claimants entitled to the Winter Fuel Allowance is £300. And we’re all in it together, apparently. Seems to me that some of us are more “in it” than others.

In other comparison news, it can’t have escaped anyone’s attention (unless they’ve been off-world for a time) that our politicos have been attempting to outdo each other with their grandstanding about pay-day loan companies. Apparently these are the latest of Satan’s Great Evils that we, the brainless sheep, need protecting from. Apparently, their high APR rates mean people end up paying out loads of money. Despite the fact that this is demonstrably not true, and that these companies have to have a high APR – which I remind you stands for Annual Percentage Rate – because they are short-term loans. You’re not meant to have a loan from Wonga for more than a couple of weeks, so a high APR has to be charged or the loan company won’t make any money. By way of comparison, lets take a look at the following chart:

So if we borrow £200, without permission, for 10 days, Wonga – the Chief Evil, according to our MPs – will charge us £25.77, equivalent to 3,099% APR. Lloyds, a regular high street bank that many of us may have an account with, will charge us £85.95, an equivalent APR of 46,450,869%

Hmmmm.

You might think all this grandstanding by our MPs was little more than a smokescreen to keep our attention away from other matters. Like, say, heating bills.

Oh. Yeah. Move along.

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