British Gas Profits Rise By 889% To £969 Billion Whilst Households Struggle To Pay Bills.

I’m writing this in anger that I haven’t felt for a long time. I try to keep calm and be proactive but this has got to be one, yes only one of the worst things that I’ve read recently.

Sadly this didn’t come as a surprise, it’s a big slap in the face for the general public and proves the point that we don’t have a government in charge of the country. Instead we have a cartel allowed to do whatever they want without any repercussions.

The public should, quite rightly be angry about this. Hunger is a great distraction though and those that are have to prioritise finding food to feed themselves and their families.

It’s an obscene that British Gas profits have soared by a staggering 889% to a record £969m. At the same time Centrica, its parent company, has also  revealed a £6.5 billion profit in the first six months of 2023.

It’s hard to imagine having that amount of money isn’t it and I ask the question ‘How can any organisation like British Gas be allowed to profit like this?’

The government should be asking them to cut their prices instead it gets worse British Gas have reported its highest ever first-half profits of almost £1bn.

The energy regulator Ofgem is worse than useless though and clearly isn’t’tn’t on the side of the public. It blatantly sat back and allowed British Gas and Centrica to recoup costs from household bills, keeping in mind that they are already struggling.

British Gas and Centrica aren’t even trying to hide this though, this year’s earnings for the six months to June 30 have increased dramatically compared with operating losses of £1.1 billion a year earlier.

Meanwhile their operating profits increased by £2.1 billion from £1.3 billion a year ago whilst the general public will have no choice but to struggle.

It’s criminal and should be dealt with accordingly.

Photo by cottonbro on Pexels.com

5 thoughts on “British Gas Profits Rise By 889% To £969 Billion Whilst Households Struggle To Pay Bills.”

  1. That is absolutely disgusting. Never heard a better case for re-Nationalisation. Starmer needs to wake up. This is what Labour should be campaigning on.

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  2. Hi Charlotte. I think it’s £969 million. Which is still absolutely outrageous. Profiting like that while children go hungry to pay for it.

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    1. So if we go by the modern (American) Billion that would be about 9.7 Billion, is that right? Or by old Imperial figures (1000 Million = 1 Billion) nearly 1 Billion? Still a ridiculous amount of profit when everyone’s struggling.

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