Centrica Reports Tripled Profits in 2022 as Critics Call for Energy Reform

Centrica, the owner of British Gas, has reported a significant increase in profits in 2022, with full-year profits of £3.3bn, more than triple the £948m it made the previous year. The majority of the profits came from the company’s nuclear and oil and gas businesses, rather than from British Gas. The company faced criticism for its use of debt agents to force-fit prepayment meters in the homes of vulnerable customers. The energy market has come under pressure to pay more tax, and Centrica said it paid approximately £1bn in tax relating to its 2022 profits. Trade unions, campaigners, and opposition politicians criticised the company’s profits, calling for energy retail companies to be brought into public ownership and for a “proper” windfall tax on energy companies.

Written by: Relaks Radio

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Nicola Sturgeon’s Resignation Triggers Political Turmoil in Scotland and the UK

Nicola Sturgeon's resignation as Scotland's first minister and SNP leader has surprised many and is set to cause a major upheaval in Scottish politics, with implications for the whole UK. Sturgeon's speech announcing her departure was eloquent but also lengthy, and suggests that it is time for her to go. She had been in her "late imperial phase" for many months and was losing her touch, particularly with criticisms and disagreements within her own party. Her departure resulted from several […]

February 16, 2023

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Centrica Reports Tripled Profits in 2022 as Critics Call for Energy Reform

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Centrica Reports Tripled Profits in 2022 as Critics Call for Energy Reform

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Nicola Sturgeon’s Resignation Triggers Political Turmoil in Scotland and the UK

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