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Tag: profits

British Gas £1bn profits are a ‘gift’ from Ofgem

27 July 202318 December 2023Political Fiber0

Poverty campaigners have criticised British Gas and said the UK’s energy system is broken after the company posted profits of almost £1 billion for the first six months of the year. British Gas – which supplies 7.52 million households in the UK – said about half of its profits were due to keeping the energy […]

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Ex-Shell worker Liz Truss will tax people not profits while borrowing billions

7 September 202219 January 2024Political Fiber0

Former Shell worker Liz Truss has ruled out extending the windfall tax on energy companies’ £180 billion profits to help pay for her £130 billion plan to tackle soaring energy bills fuelling the UK’s cost of living crisis. Instead, Truss will borrow the eye watering amount, with taxpayers having to pay back the debt – […]

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