Centrica profits rise again

sabretoothtigger

A similar product makes competition easier not harder. Whoever owns those pipes maybe is the fixed beneficiary but the others vary in sourcing supply

Carl31 wrote: »

I cant help but feel its all a little unethical

Its not so long as they are competing. The main point that is lost is the company makes a profit and improves the service.

The nationalism logic is that taking the company into government will make it cheap. The problem is it often becomes inefficient, so you rid the 'problem of profits' but the nation is now being taxed by a company that fails to run itself as well it did previously.
So not just customers but every tax payer is having to subsidise the balance sheet. It could be anything, poor capital management, gov has to borrow. Poor investment in long term energy sources, gov has to upset trade balance to import from abroad instead of using it cheaper here.

The short argument always wins and unfortunately profits looks bad over what used to be UK owned but werent we complaining about companies that fail to report profits and never give anything back, so Centricia will be paying tax and also I argue giving an efficent return?
I doubt it could be done better and besides UK is broke already, we own the banks is that making us better off. RBS is once again limping home this earnings season, no taxes no dramatic benefit to tax payers