What is driving the Double Dip Recession?
- British Gas announces 18% and 16% rises to its gas and electricity prices and others are following without hesitation - see The Guardian etc.
- British Gas has revealed profits of £518m – or almost £3m per day – over the last six months - tells us The Telegraph.
Admittedly, the parent company made less profits this year - but 1.2 billion in six months is still good going. Show me someone who is ahead this year going to work everyday after paying all the bills and keeping his place warm, light up and all mouths fed.
So, while companies like British Gas are driving inflation I would think they went too far this time. What is a rise of 18% (16%) telling the general public in this depressing climate? 'We want our cake and eat it? We take your money and you can't do anything about it!?!'


