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aus+uk / uk.current-events.terrorism / Tax payers bailout the elite again

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o Tax payers bailout the elite againThe Happy Hippy

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Tax payers bailout the elite again

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https://news.novabbs.org/aus+uk/article-flat.php?id=10685&group=uk.current-events.terrorism#10685

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From: the.happy.hippy.nntp@ntlworld.invalid (The Happy Hippy)
Newsgroups: uk.current-events.terrorism
Subject: Tax payers bailout the elite again
Date: Thu, 27 Jul 2023 13:31:05 +0100
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 by: The Happy Hippy - Thu, 27 Jul 2023 12:31 UTC

https://www.bbc.co.uk/news/business-66315117

<quotes>

There has been an angry reaction to British Gas reporting record half-year profits as millions of households continue to struggle to pay their energy bills.

British Gas's profits rose to £969m after price cap rises allowed it to make more money from household bills.

About half of British Gas's profit - £500m - was due to changes to the price cap made by the energy regulator. By comparison, the business reported a profit of £98m in the same period last year.

Scottish Power went from a large loss last year to profits of £576m in its retail division, while France's EDF said its British operations saw earnings jump to £1.95bn from £740m last year.

Profits have risen after the energy regulator raised how much suppliers can claim from household bills to make up for costs incurred during the pandemic.

</quotes>

The elite can recoup their loses from the pandemic while the rest of us face the double-whammy of not being able to recoup ours, having to suck it up while having to pay so the elite can recover theirs.

That's why capitalism is so great. We are lucky to have the government leavers voted for, a government which serves the elite and believes in profit before people.

Remember, boys and girls, socialism is evil.


aus+uk / uk.current-events.terrorism / Tax payers bailout the elite again

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