Privatisation
Conservatives to blame for all the utility nonsense
+ Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results |
British Gas' annual profits soared more than tenfold to £751m in 2023 from £72m in 2022, its parent company Centrica announced in its preliminary results published on Thursday.
Yet nearly half of households find themselves unable afford their current energy bills.
Privatisation
Conservatives to blame for all the utility nonsense
OK - but I don't think there should be any profit with essential utility companies. Any 'surplus' should be reinvested in the infrastructure or used to reduce bills (along with central government subsidies and more support for low income households).
It should not go to shareholders (even the institutional ones like pension funds). It should be nationalised and run as a public not private organisation. Same for all the main transport companies and other utilities.
But my main point was to rubbish Gluey's 'Agenda 30'.
No need for made up shadowy conspiracies when old fashioned capitalism is doing the job!