UK Money News
21st February 2008
British Gas ignores calls for tariff reductions
British Gas customers have been warned not to expect tariffs to be reduced in the near future despite its improved profits.
The energy giant has today confirmed its annual operating profit increased to £571 million in 2007.
The announcement has prompted outrage from consumer groups following the company's decision earlier this year to raise its tariffs on gas and electricity by 15 per cent.
However, reacting to the criticism the firm's chief executive Sam Laidlaw shrugged off the outcry and warned that because wholesale energy prices remain extremely volatile" its customers should not anticipate a cut to its prices this year.
Ann Robinson, the director of consumer policy for price comparison website uSwitch.com, slammed Mr Laidlaw's justification for the rises and accused the company of "taking its customers for a ride".
She added: "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."
back to February's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
