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People think it shouldn't be in private hands. the competition law has certainly not been working to make sure that people are getting low prices or good service. the way that the electricity prices paid to the price of gas is entirely wrong because electricity is now made by renewable energy which is cheaper than gas, so the whole things need overturning. it's upside down now. people are paying more if they use less energy and pay less less if they use more, that can't be right. let's talk to our business editor, simonjack. how should we read these figures? centre is effectively two different...

British gas does is buy electricity and gas on wholesale markets and sell it to consumers and businesses will stop it made a profit last year but its profit was about £72 million. the profit made by centrica, the parent company, was £3.73 centrica, the parent company, was £3.3 billion and that's because the parent company makes its money from extracting mainly gas and selling it on the wholesale markets. it also made money from having a share in britain's nuclear energy as well. so why couldn't centrica four exam will give a lot of discounted gas to british gas? well, competition law means ...

Correspondent, theo leggett. net zero means hydrogen and solar... centrica says it is focused on clean energies of the future, but right now it's making bumper profits because of high oil and gas prices. they soared last year after the invasion of ukraine and the company, which owns british gas, is reaping huge benefits. last year it made £3.73 huge benefits. last year it made £3.3 billion, that's more than three times its profit from 2021. it also paid £1 billion in tax. like other energy companies it has come under fire for making big profits at a time when many consumers are struggling t...

Changed, if you are? so how are you suggesting that that be changed, if you are?— changed, if you are? so look, the windfall taxes _ changed, if you are? so look, the windfall taxes that _ changed, if you are? so look, the windfall taxes that have - changed, if you are? so look, the windfall taxes that have been - windfall taxes that have been imposed in some parts of the world but actually, a few countries may seem like a high rate on the surface but they are massively undercut by tax breaks and by other subsidies that governments give to oil and gas companies. so the uk is long been one of...

Interest rate hikes from the fed to cool the economy. retail sales rose 1.3% in october from september. sales increased on everything from automobiles, furniture, food services despite sky high inflation. jobless claims due out later today. we'll get a read on how the job market is doing. now $3.73 a gallon. let's bring in nathaniel myerson. walmart really blew away wall street with its quarter but what happened to target? >> right. walmart yesterday reported -- excuse me, tuesday reported strong numbers. sales grew 8.2% last quarter from a year ago. walmart sells mostly groceries and that is ...