Campaigners take part in a protest against the government's decision to scrap the winter fuel allowance for pensioners, outside the Houses of Parliament in Westminster, central London, October 7, 2024
THE obscene profits reported today in the banking and energy sectors expose how broken our economy is and the urgency of fundamental restructure.
While pensioners are freezing in their homes due to the winter fuel allowance being cut, and working people have experienced the worst cost of living crisis in a generation, energy giant Centrica has made more than £300 profit per household.
These out-of-control profits are not the result of investment or technological innovation. They are not the result of the development of new sources of green energy. They are money taken directly from the pockets of working people through unrestrained price rises.
Burnham urged to raise taxes on banks after Barclays reveals 30% rise in pre-tax profits
Trade unions call for windfall tax hike to fund social energy tariff to public’s energy bills
The future does not have to be climate chaos and social breakdown. MARC VANDEPITTE looks at the alternatives offered by the Global Justice Report, co-authored by Thomas Piketty