Originally Posted by
MadAmster
But this bout of inflation isn't driven by wage rises, is it?
Brexit and Ukraine have had an effect, agreed. However, IMO the major cause is profits.
* British Gas made a profit of £1.3bn between January & June
* BP announced profits of £6.95 billion between April and June alone
* Shell has profited by £9.4bn in a year
The MEN at the top:
* John Pettigrew, boss of National Grid received £6.5m bonus on top of his salary
* Chris O’Shea, chief executive of British Gas owner Centrica was paid almost £2m last year in salary and benefits
* Centrica's non-executive directors were paid almost £1m
* Scottish Power's CEO Keith Anderson is on £1.15m.
* Eon boss Michael Lewis is on £1m
* EDF's Simone Rossi is also on £1m
* And their top execs enjoyed a share of £4.65m
* Peter Simpson of Anglian Water earned a £1.3m pay package
* Welsh Water bosses awarded themselves bonuses of over £930,000
* Severn Trent bosses awarded themselves bonuses of £5.56m
* Thames Water's Sarah Bentley, received a £727,000 bonus on top of her £2m annual salary
Those at the top are doing very well, thank you. The bottom, how many, 70% are struggling. Time for a 2nd windfall tax. I'd also advocate, should external forces lead to a huge decrease in profits or even to losses, then the reverse should happen. Fair's fair IMO.