To think this is very morally wrong

[Lovelycupofcoffee]

So I read today that energy companies are making huge profits and some of their directors are getting paid huge bonuses. I find this absolutely disgusting when there are families choosing between paying electric bills or cutting back on feeding their family . Could the government not step in and shop this ? Come October it’s going to get worse but surely we shouldn’t have to be choosing between food or paying our electric bill. If these companies are making so much money why increase the standing charge for gas/ electric? There is something very wrong here.

We have no choice but to wait and see but Truss has explicitly ruled out tax rises for business so are we already assuming that she lies as much as Johnson?

are you seriously saying that you have only just realised this?

What do you expect given that we have a conservative government in power?

Jeremy Corbyn wanted to nationalise the utilities but was branded a terrorist by the media. I’m not sure why people are surprised with the current state of affairs.

A grownup in the room! 👏🏻👏🏻👏🏻👏🏻

Because of course that is the only available alternative? No mid-ground like many other financially successful European countries follow, like state ownership of utilities or caps on price hikes of essential services? No the only alternative to these immoral, life destroying price hikes and their resulting inflation is communism. Studied much in the way of economics?

@TransmissionVamp @boredasusual that was certainly a huge loss for them in 2020. It was the first time in many, many, years that they reported a loss, and they have been reporting some record breaking profits since then. They also announced a cut of 10,000 of their workforce as a result of that loss, 2000 of which were in the UK. So I take your “lossiteering” point to a degree, but they can’t be allowed to compensate for that lack of profit in 2020 off the backs of tax payers either, in the past ten years their shareholders have been making a lot of money- they’ll be fine.