Anger over £1bn Centrica profits
(from BBC News)
"British Gas owner Centrica revealed £5m-per-day profits, after announcing a record price hike [...] On Wednesday, British Gas raised gas bills by 35% with immediate effect, to restore "reasonable profitability". Centrica said the rise was justified and was needed to offset higher costs."
It seems amazing that such a high-profile company would do something apparently so stupid, but I still bet most people who use British Gas won't bother to change supplier, and shareholders won't go selling their shares in a moral outrage. So, in fact, while we can all be shocked and angered at such blatant abuse of consumers, no one's going to do anything about it.
Thursday, 31 July 2008
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