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42

British Fuel Giants Must Give Back Profits to Charity

Britain's biggest gas and electricity companies are being called upon to hand over part of their multi-billion profits...

Britain's biggest gas and electricity companies are being called upon to hand over part of their multi-billion profits for charity by the government.

Some charities, including Help the Aged, have expressed their concern at the rising fuel bills.

According to The Sunday Telegraph, unless the companies agree to subsidize a new nationwide "fuel poverty" scheme aimed at the 4.5 million poorest households, a levy will be put on their profits.

The government has moved to curtail what is increasingly seen as "excessive profiteering" by the utilities industry, with customers having to pay soaring household gas and electricity bills.