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Centrica, the company that owns British Gas, has reported record profits for the 2022 financial year.

Operating profits of £3.3bn were recorded at the company, up from £948m in 2021, and surpassing the firm’s previous highest ever yearly profit of £2.7bn, posted in 2012.

The oil and gas producer has been helped by high energy prices. Wholesale gas costs had risen to new highs in the wake of the war in Ukraine.

Supplies have been limited since Russia’s invasion and the subsequent sanctions imposed on the country.

As political pressure rose to tackle all time high profits, Centrica became subject to the 45% windfall tax on electricity generators.

The government estimated that its windfall tax will raise £14bn in 2023.

However, Centrica’s record-breaking figures have triggered renewed calls for tougher taxes on bumper profits for energy providers.

British Gas gains customers but profits drop

Despite Centrica’s announcement, the financial performance of British Gas itself was not as strong as its parent company.

Adjusted operating profit decreased to £72m in 2022 from £118m 2021 – a 39% decline.

At the same time the company had an increase in its number of residential customers. There were 7.5 million customers, up 4% from the previous year.

But because of Centrica’s wider performance, payments to shareholders in the company are to rise to 3p per share.

Dividend payments of 1p per share were restored in July after a pandemic-era pause and have now risen by 2p, upping the full-year payment.

More shares are to be bought from investors. The existing £250m share buyback programme has been expanded by an additional £300m, meaning Centrica will own 10% more of all shares currently issued.

Centrica paid £1bn in tax during the year, the accounts showed.

Operating profit rose to £724m from a loss of £38m in 2021, which the company said reflected “strong generation volumes and higher achieved prices”.

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Centrica’s figures were released on Thursday following a period of public pressure on the firm.

British Gas came under intense criticism recently after an investigation revealed debt collectors working on behalf of the company forced their way into homes of vulnerable customers, including people with disabilities.

Electricity regulator Ofgem said on Wednesday that the end of forced installation of energy prepayment meters only extends until the end of March.

Centrica’s annual report attempted to address the issue, by saying protecting vulnerable customers is a priority.

The firm has committed to donate 10% of both British Gas Energy’s and Irish operator Bord Gáis’s adjusted operating profits “to help until the current crisis is over”.

“Therefore, we were extremely disappointed by the allegations surrounding one of our third-party contractors and their approach to pre-payment customers. We immediately took action to address this and are completing a thorough independent investigation,” the company said in the results.

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The boss of Centrica, owner of British Gas, admitted the company ‘got it wrong’ on prepayment meters

But disability equality charity Scope said disabled people are facing devastating situations because they can’t afford enough energy.

“It’s obscene that energy companies continue to make massive profits,” Tom Marsland, the policy manager at the charity, said.

“Life costs a lot more when you’re disabled. We’re being inundated with heart-breaking calls from disabled people who haven’t eaten for days, who can’t afford energy to charge wheelchairs and stairlifts, but are still racking up huge energy debts.”

The record profits have also been criticised by Friends of the Environment who described Centrica as “one of the companies fuelling the energy and climate crises”.

Windfall taxes should be “tougher”, a campaigner with the group said.

“The new Energy Security and Net Zero secretary needs to step up and back growing calls for a tougher windfall tax on the excessive profits of fossil fuel companies like Centrica to help fund the investment in insulation and homegrown renewables needed to bring down bills and cut emissions,” Sana Yusuf said.

Criticism also came from Labour. Ed Miliband, the shadow climate and net zero secretary, said: “It cannot be right that, as oil and gas giants rake in the windfalls of war, Rishi Sunak’s Conservatives refuse to implement a proper windfall tax that would make them pay their fair share.”

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Man charged with attempted murder after group hit by car in London’s West End on Christmas Day

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Man charged with attempted murder after group hit by car in London's West End on Christmas Day

A man has been charged with four counts of attempted murder after a car collided with a group of people in London’s West End on Christmas Day.

Anthony Gilheaney, 30, will appear before Westminster Magistrates’ Court on Friday and has also been charged with causing serious injury by driving whilst disqualified, driving a motor vehicle dangerously and possession of a bladed article in a public place, the Metropolitan Police said.

Forensic investigators collect evidence at the scene on Shaftesbury Avenue.
Pic: PA
Image:
Forensic investigators collect evidence at the scene on Christmas Day. Pic: PA


The scene on Shaftesbury Avenue in central London after four people were injured, one seriously, by a car which was driven onto a pavement in central London in the early hours of Christmas Day. A 31-year-old man has been arrested on suspicion of attempted murder. Picture date: Wednesday December 25, 2024.
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Items of clothing and blood are seen on the pavement. Pic: PA

Four people were taken to hospital after the incident, with one in a life-threatening condition.

Metropolitan Police officers were called to reports of a crash and a car driving on the wrong side of the road at 12.45am.

The incident occurred outside the Sondheim Theatre, which is the London home of the musical Les Miserables.

Shaftesbury Avenue is at the heart of London‘s West End and the city’s theatre district.

Deputy Assistant Commissioner Stuart Cundy said the suspect was arrested within minutes of the incident “in the early hours of Christmas Day”.

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“Since then, investigators have worked tirelessly to build the case and have today charged Anthony Gilheaney with four counts of attempted murder.

“Our thoughts now are with the victims, one of which remains in critical condition in hospital.”

This breaking news story is being updated and more details will be published shortly.

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Get ready for ‘wet and windy’ New Year’s Eve – as snow could hit parts of UK

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Get ready for 'wet and windy' New Year's Eve - as snow could hit parts of UK

Revellers are set for a “wet and rather windy” New Year’s Eve, with the potential for a snowy Hogmanay in Scotland.

There could be some “possibly disruptive weather” on 31 December, Met Office meteorologist Simon Partridge said, with Scotland likely to see the worst of it.

“It looks like there could be some wet and rather windy weather, particularly across Scotland,” he said.

There is potential for snow on both high and low ground in Scotland.

Looking into the first few days of the new year, the mild and largely settled conditions the UK has felt over the last few days are expected to see an “erratic change”, the Met Office says.

Rain and wind already felt in Scotland could become more severe and push southwards, bringing a chance of snow to other parts of the UK as we begin 2025.

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Before ringing in the new year, the last few days of 2024 are set to be dull and drizzly with outbreaks of patchy rain in parts of Scotland on Friday.

Mild temperatures and conditions similar to those on Boxing Day are forecast, with thick cloud and “patchy drizzle” in areas including western Wales and south-west England, the weather service said.

Mr Partridge said: “Basically, northeast seems to be the place to be for the next couple of days if you want to see some brighter and maybe even some blue sky at times, whereas elsewhere is mainly grey.”

Over the weekend it will become “a little bit windier and a little bit wetter” across Scotland, with showers in northern Scotland as a result of low pressure, he said.

Further south it will be “pretty cloudy” with some breaks in the cloud on Sunday because of slightly stronger winds, Mr Partridge added.

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Special educational needs children ‘segregated and left to struggle in wrong schools to save money’

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Special educational needs children 'segregated and left to struggle in wrong schools to save money'

Children with special educational needs are being “segregated” and left to struggle in the wrong schools because councils are trying to “save on costs”, parents have told Sky News. 

Maire Leigh Wilson, whose four-year-old son has Down’s syndrome, says she “shudders to think” where he would be now had she not been in a “constant battle” with her council.

“I think he would probably just be at the back of a classroom, running around with no support and no ability to sign or communicate,” she said.

Mrs Leigh Wilson wanted her son Aidan to go to a mainstream school with additional specialist support, but her council, who decide what is known as a child’s Education Health and Care Plan (EHCP), wanted him to attend a special school.

The number of EHCPs being appealed by parents has risen “massively”, according to education barrister Alice De Coverley.

She said councils are struggling to meet the volume of demand with “stretched budgets”, and parents are also more aware of their ability to appeal.

Mrs De Coverley said more than 90% of tribunals are won by parents, in part because councils do not have the resources to fight their cases.

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She said, in her experience, parents of children with special educational needs will put “anything on the line, their homes, their jobs”.

On whether she thinks the system is rigged against parents, Mrs De Coverley said: “I’m not sure it’s meant to be. But I think that parents are certainly finding it very tough.”

She added the number of “unlawful decisions” being made by local authorities means parents who can afford it are being “utterly burnt out” by legal challenges.

Read more:
Three in four parents of SEND children forced to give up work or cut hours

Maire Leigh Wilson with her son, Aiden, four
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Maire Leigh Wilson with her son, Aiden, four

Mrs Leigh Wilson’s case was resolved before making it to court.

Her council, Hounslow in southwest London, said they complete more than four in five new EHCPs within the statutory 20-week timescale, twice the national average.

Hounslow Council said they “put families at the heart of decision-making” and young people in the area with special educational needs and disabilities achieve, on average, above their peers nationally.

They admitted there are areas of their offer “that need to be further improved” and they are “working closely with families as a partnership”.

“We have a clear and credible plan to achieve this, and we can see over the last 18 months where we have focused our improvement work, the real benefits of an improved experience for children, young people, and their families,” a Hounslow Council spokesman said.

He added the council had seen the number of EHCPs double in the last decade and they “share parents’ frustrations amid rising levels of national demand, and what’s widely acknowledged as a broken SEND system”.

Emma Dunville wanted her son, Albie, to go to a special school but the council took too long to assess him
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Emma Dunville wanted her son, Albie, to go to a special school but the council took too long to assess him

Emma Dunville, a friend of Mrs Leigh Wilson whose son also has Down’s syndrome, describes her experience trying to get the right education provision for her child as “exhausting mentally and physically”.

She said: “For the rest of his life we’ll be battling, battling, battling, everything is stacked up against you.”

Unlike Mrs Leigh Wilson, Mrs Dunville wanted her son Albie to go to a special school, but she had to wait more than a year for an assessment with an education psychologist to contribute to the council’s decision, which meant she missed the deadline for an EHCP.

“The people making these decisions just don’t see that all children with Down’s syndrome are totally different and can’t be seen as the same.”

The guidelines are that if there are not enough local authority-employed education psychologists they should seek a private assessment, but her local authority did not do that.

Mrs Dunville said her son has been “segregated” in a mainstream school, where they are “trying their best” but “it’s just not the right setting”.

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