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Editorial: The chancellor’s attempt to soften the blow for millions does not go far enough, especially when oil company profits go unchecked
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The Guardian editorial highlights the apparent contrast between the squeeze of real incomes facing British households and the profits of the energy companies.
News of the new price cap broke on a day when Shell announced it's highest quarterly profit in 8 years - a mere $6.4bn. To put it into context, "Shell’s profits for 2021 overall rose to $19.3bn compared with $4.85bn the year before" - all of which will mean that someone's in line for a sizeable bonus, although you have to wonder on what basis?