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‘An insult’: soaring profits at Shell and Centrica cause outrage

Announcements come day after UK households warned annual energy bills could hit £3,850 from January

Soaring profits at the energy companies Shell and Centrica have been described as an “insult” to millions of people struggling with the cost of living crisis, as high oil and gas prices funded multibillion pound rewards for their shareholders.

A day after millions of households were warned that average annual energy bills could hit £3,850 from January, triple the level at the beginning of this year, two of the UK’s biggest energy companies sparked outrage with their bumper profits.

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