If ripping off its customers was an Olympic Sport, we would have the Gold medal winners in British Gas owner Centrica who have announced yet another massive fuel price hike.
Blaming “soaring wholesale energy prices” Centrica have announced it is to raise gas prices by 35% with immediate effect.
Centrica made a profit of £2 billion pounds in 2007, and British Gas announced that its profits for the first half of the year were down by 69% to £166m.
Now a cynical person would suggest that the only reason why they've increased prices by 35% is to protect their disgustingly high profits and very little to do with "soaring wholesale energy prices."
We have six utility companies and like the cartel that it is, all of them raise their prices within a few weeks of each other and rake in the profits, leaving the customer no choice whatsoever so where is the Monopolies commission investigation who are supposed to protect us from getting ripped off like this?
Does anyone in this country still believe that privatising utilities such as gas, water and electricity was good for anyone apart from shareholders?
Most will blame this on Mr Brown but it was Margaret Thatcher who privatised all these companies so the fat cats at the top can lavish themselves with massive perks and bonuses.
There are alternatives though. We can take to the streets in a repeat of the Poll Tax riots or the Government can nationalise the utility companies and have state-owned companies providing cheaper gas to customers instead of a private company making profits for its shareholders.
Gordon, this is your chance to swing the electorate behind you, nationalise the utility companies and the rail network. You have nothing to lose and everything to gain and probably about the only opportunity you will have to change the direction you and your party are heading.
UPDATE: In a massive public relations coup, the day after raising customers prices by 35%, Centrica announce half year profits of £1b for 2008.