The News -
as recorded by someone who has little or no interest in what is going on in the outside world....
Thursday, 21 February 2008
"British Gas has been accused of "taking customers for a ride" on the eve of an expected announcement of a sixfold increase in its profits to £640 million. Despite a drop in the cost of wholesale gas, the company has raised prices to customers, enabling it to increase the profit it makes from each one to almost £40, compared with just under £6 a year before. British Gas will announce its operating profits for 2007 tomorrow, but a report by analysts at Citigroup has predicted the figure for residential gas and electricity supply will be £638.7 million, compared with a profit of £95 million in 2006. Ann Robinson, the director of consumer policy for price comparison website uSwitch.com, said: "British Gas is taking its customers for a ride. It has come bottom in recent surveys of customer service, yet it has put its prices up and massively increased its profits. It is very good at looking after shareholders but not at looking after its customers." The cost of buying wholesale gas fell by 40 per cent in 2007, yet British Gas put up retail prices for gas and electricity by 15 per cent this year. British Gas said: "We won't make any comment until the figures are released." From the Telegraph via http://grumpy.blog.co.uk/
Now the figuires have been published and British Gas still hasn't commented - Surprise, Surprise!
This is a cheat's blog; a coward's blog. I have taken the conscious decision that it will not be about a world in chaos. The real news which has an impact on the lives of millions is that in which the Four Horsemen appear - war, famine, conquest and death - or in which the Gods have taken it upon themselves to punish folk through natural disasters and disease.... I shall leave such headlines to the BBC and Sky News. Not all my posts will be positive by any means but I readily acknowledge that I have made no attempt to give a balanced view of the news that is genuinely important in this world.
Thanks for stopping by! Would you like a cup of tea or coffee? And please, sit for a spell. If you enjoy my posts, please feel free to follow me or subscribe to my blog. This is a word verification free, family friendly blog, so everything I share here is for all ages. I am a happily married man in my late sixties who lives on the Wirral peninsula, near Liverpool, in the UK.
I'm a blogger - and nowadays that seems to be my main occupation. Rambles from My Chair is my main blog. I’m a retired local government executive - now studying how to survive a neurological disorder that gives me various problems but, hopefully, a whole new outlook on life and an increased sense of humour and perspective. There is a saying in Sweden "man måste vara frisk för att orka vara sjuk" ~ "you have to be well to cope with being ill"....
I enjoy most forms of communication and postcards are a special favourite. I used to blog as Scriptor Senex which is Latin for Old Writer but now Google only lets me post as John Edwards.
“He’s not so old. He’s just the age that he is, that’s all.” (Gerald Hammond)