SSE profits rise 38%
SSE, one of the big six energy firms, has revealed a 38% rise in profits in their half year results. The company says supplying energy only accounts for 8% of the figure.
SSE, one of the big six energy firms, has revealed a 38% rise in profits in their half year results. The company says supplying energy only accounts for 8% of the figure.
Labour's Shadow Energy and Climate Change Secretary, Caroline Flint, says customers will not understand how energy companies can get away with inflation-busting price rises when their profits are already increasing. She said:
"In the wake of the allegations this week about price fixing in the electricity and gas markets, the time has come for a complete overhaul of our energy market.
"We need a One Nation government to break the dominance of the energy giants, open up the energy market, protect vulnerable customers from being ripped off and create a tough new energy regulator with the power to force energy companies to pass on savings to consumers."
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.