BP’s record profits and how consumers are fighting back

<p>The news that <a href="https://www.standard.co.uk/news/uk/bp-profits-energy-prices-b1016077.html" rel="noopener noreferrer" target="_blank">BP has reported record profits of almost £7billion</a> has not gone down well with bill payers and campaign groups.</p><br><p>The energy firm’s highest profits in 14 years come as people in the UK are warned their annual energy bills could reach on average £3,300 a year by January.</p><br><p>It led to campaign groups <a href="https://twitter.com/dontpayuk/status/1554368181728329730?s=20&amp;t=ZdMu67-dZnJoCHNSTk5ncQ" rel="noopener noreferrer" target="_blank">calling the situation a “Cost of greed crisis”</a>, and the words “don’t pay UK” trending on Twitter - a campaign encouraging people to cancel their energy direct debits in October.</p><br><p>The Evening Standard’s <a href="https://twitter.com/JonPrynn" rel="noopener noreferrer" target="_blank">Business Editor Jonathan Prynn</a> talks us through the situation, BP’s announcement, and what might happen next.</p><br><p>Plus we speak with Ruth London from <a href="https://www.fuelpovertyaction.org.uk/" rel="noopener noreferrer" target="_blank">campaign group Fuel Poverty Action</a>, who are calling for a basic level of free energy for all, and are backing the ‘Don’t Pay UK’ campaign.</p><br><p><a href="https://twitter.com/EveningStandard" rel="noopener noreferrer" target="_blank">Follow us on Twitter</a> for more news @EveningStandard&nbsp; </p><br><p><br></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>