LET’S NAIL THE LIES! LIE: Gas and electricity prices have to go up because wholesale prices have gone up.
FACT: Wholesale prices were LOWER in July and August 2008, when retail prices went up for the second time in six months, than in early 2006. LIE: Britain has to import more gas and European markets are over-charging us.
FACT: Due to under-investment in storage, British gas is sold to Europe and bought back later at higher prices. Even so, imports only account for 15% of home usage. Most gas suppliers are also gas producers. They charge themselves higher prices—and pass them on to us at extra profit. LIE: The New Labour government and regulators Ofgem can't do anything to stop the rip-off. The Communist Party says:
FREEZE GAS AND ELECTRICITY PRICES at their January 2008 level. The French government has capped gas rises at 5% & electricity at 2%.
END THE SURCHARGE ON PRE-PAY METER USERS who pay up to 20% extra.
Gas & Electricity::
PRICES UP! PROFITS UP!
DIRECTORS SALARIES UP!
Fat cat pensions up! Share dividends up! And who's paying for it all?
YOU! Privatisation of our gas and electricity industries has been a giant rip-off.
Gas prices UP by a THIRD in 2008—or a HALF for British Gas (Centrica) customers Electricity prices UP by about a QUARTER That's at least TEN TIMES the average increases in wages, pensions and benefits.
PUT A WINDFALL TAX ON MONOPOLY SUPER-PROFITS.
Yet the Big Six monopolies which control the market are making record profits—£4.3 billion in 2007.
TAKE GAS AND ELECTRICITY INTO PUBLIC OWNERSHIP.
They claim they need the money for investment. But they paid £1,813
Invest it in cheaper energy including solar power.
Invest profits in generation and storage, not hand them to fat cat shareholders.
SIGN THE PETITION AGAINST THE GREAT FUEL ROBBERY Join the fight for peace, socialism working class & people power
million—nearly half—of those profits to their shareholders in dividends. And the monopolies are still raking it in. Centrica made £992 million profit in the first half of 2008. Dividends went up by 16%, five times more than wages.
name address postcode Age if under 30 E-mail
phone
return to Communist Party Young Communist League
Ruskin House 23 Coombe Rd, London CR0 1BD t: 0208 686 1659 e: office@communist-party.org.uk
The Communist Party says
ITS TIME TO TAME THE FAT CATS
LET’S NAIL THE LIES! LIE: Gas and electricity prices have to go up because wholesale prices have gone up.
FACT: Wholesale prices were LOWER in July and August 2008, when retail prices went up for the second time in six months, than in early 2006. LIE: Britain has to import more gas and European markets are over-charging us.
FACT: Due to under-investment in storage, British gas is sold to Europe and bought back later at higher prices. Even so, imports only account for 15% of home usage. Most gas suppliers are also gas producers. They charge themselves higher prices—and pass them on to us at extra profit. LIE: The New Labour government and regulators Ofgem can't do anything to stop the rip-off. The Communist Party says:
FREEZE GAS AND ELECTRICITY PRICES at their January 2008 level. The French government has capped gas rises at 5% & electricity at 2%.
END THE SURCHARGE ON PRE-PAY METER USERS who pay up to 20% extra.
Gas & Electricity::
PRICES UP! PROFITS UP!
DIRECTORS SALARIES UP!
Fat cat pensions up! Share dividends up! And who's paying for it all?
YOU! Privatisation of our gas and electricity industries has been a giant rip-off.
Gas prices UP by a THIRD in 2008—or a HALF for British Gas (Centrica) customers Electricity prices UP by about a QUARTER That's at least TEN TIMES the average increases in wages, pensions and benefits.
PUT A WINDFALL TAX ON MONOPOLY SUPER-PROFITS.
Yet the Big Six monopolies which control the market are making record profits—£4.3 billion in 2007.
TAKE GAS AND ELECTRICITY INTO PUBLIC OWNERSHIP.
They claim they need the money for investment. But they paid £1,813
Invest it in cheaper energy including solar power.
Invest profits in generation and storage, not hand them to fat cat shareholders.
SIGN THE PETITION AGAINST THE GREAT FUEL ROBBERY Join the fight for peace, socialism working class & people power
million—nearly half—of those profits to their shareholders in dividends. And the monopolies are still raking it in. Centrica made £992 million profit in the first half of 2008. Dividends went up by 16%, five times more than wages.
name address postcode Age if under 30 E-mail
phone
return to Communist Party Young Communist League
Ruskin House 23 Coombe Rd, London CR0 1BD t: 0208 686 1659 e: office@communist-party.org.uk
The Communist Party says
ITS TIME TO TAME THE FAT CATS