Unite the Union

Labour’s biggest union backer calls on party to nationalise energy sector

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https://leftfootforward.org/2023/05/labours-biggest-union-backer-calls-on-party-to-nationalise-energy-sector/

Kier Starmer will be urged to reconsider Labour’s policy on renationalising the energy sector this week by Labour’s biggest financial backer Unite the union.  

Billions could be cut from average household bills if the sector was brought back into public ownership, the union has argued, putting an end to the current system which has led to “rampant profiteering” by energy companies.   

Sharon Graham, Unite’s general secretary, is to urge Keir Starmer to reconsider Labour policy on nationalising the energy sector since the party leader U-turned on previous plans to nationalise the energy, mail and water industries.

The Labour party has promised to renationalise the rail system and to create a new, publicly-owned clean energy company to push for green energy.

But average energy bills could have been cut by £1,800 last year if the sector was fully nationalised, saving bill payers £45 billion, which is the amount companies made in profit from the UK domestic energy system in 2022, the latest report by Unite has revealed.

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https://leftfootforward.org/2023/05/labours-biggest-union-backer-calls-on-party-to-nationalise-energy-sector/

Continue ReadingLabour’s biggest union backer calls on party to nationalise energy sector

Tesco rakes in £1bn while hiking prices amid cost-of-living crisis

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https://morningstaronline.co.uk/article/b/tesco-rakes-in-1bn-while-hiking-prices-during-cost-of-living-crisis

Mega-rich firm accused of ‘obscene profiteering’ while millions struggle to feed their families

TESCO is indulging in “obscene profiteering” during the worst cost-of-living crisis in decades, Unite the Union charged today after the supermarket giant reported a whopping £1 billion profit despite soaring food prices.

The mega-rich firm said it made the pre-tax windfall in the 12 months to the end of February as total sales rose by more than 7 per cent to £65.8bn.

The profit was less than half of the more than £2bn it pocketed a year earlier as the amount of product sold fell, but bosses admitted making up for the shortfall by charging more per item on average.

They declined to reveal how much they have jacked prices for hard-hit shoppers struggling to cope with crippling 18.2 per cent food inflation — the highest in 45 years.

Unite general secretary Sharon Graham said: “Tesco’s profits are another example of excessive profiteering fired up by astonishing corporate greed.

“It’s this rampant profiteering which is driving inflation, and cranking up the cost-of-living crisis for workers and their families.

“How can it be that at a time when millions are struggling to feed their families Britain’s biggest supermarket is profiteering as never before.

“What sort of country have we become? Frankly, these results are obscene.”

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https://morningstaronline.co.uk/article/b/tesco-rakes-in-1bn-while-hiking-prices-during-cost-of-living-crisis

Continue ReadingTesco rakes in £1bn while hiking prices amid cost-of-living crisis