Friday, December 08, 2006

The Great Gas Rip-Off

Average household gas bills in Britain are up 43% on a year ago.
But the retail price of gas- i.e. what the gas companies pay for it- is down 80% from its high point in March.
Perhaps our very clever friends at the Adam Smith Institute or Samizdata could explain to us lesser, unenlightened souls how privatisation and transforming publicly owned companies into greedy, profit-obsessed plcs, has benefited the consumer?

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