Unite press release and calling notice 

What: Unfettered profiteering sparks Scottish Power protest

Where: Scottish Power HQ, 320 St Vincent Street, Glasgow G2 5AD

When: 12-2pm Friday 30 September 2022

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Scottish Power bloats while Glaswegians go hungry - Unfettered profiteering sparks energy protest

Scottish Power handed over nearly £7bn in dividends to its foreign owners over a 14 year period

Meanwhile across 7 battleground Westminster constituencies in Glasgow over 152,000 residents are experiencing moderate to severe levels of food poverty.

Campaigners and trade unionists will stage a major protest outside Scottish Power tomorrow (Friday 30 September) against unfettered profiteering and a broken economy.

Energy Profiteering 

  • In first six months of 2022 Scottish Power made £924.6 million in profit.
  • Scottish Power has handed over nearly £7bn in dividends to its foreign owners since being taken over 14 years ago.
  • The “Big 4” energy providers (Centrica, E.ON, EDF and Scottish Power) made combined £9.5 billion profit in 2021, up 84% on 2019.

Unite general secretary Sharon Graham said: “How’s that for trickledown economics? £7 billion handed over from Scottish Power to Iberdrola in Spain. That’s trickledown economics alright. Trickle down from Scotland to Spanish shareholders. Proof that government trickle down policies are doomed to fail. Meanwhile, politicians are abysmally failing workers and their families across Glasgow and beyond.”

Survation research across seven Glasgow constituencies (see notes to editors)

  • Almost a quarter, 24% or 152,553 residents in the Glasgow seats polled are living in food poverty.
  • The polling also revealed that 177,979 or (28%) of residents in Glasgow constituencies have either gone into debt or increased their levels of debt in order to meet the increased cost of grocery items.
  • 82,633 (13%) of residents in the seats are not able to pay their household bills this year.

 Unite general secretary, Sharon Graham said: The economy does not work for workers and their families. Britain’s real crisis isn’t rising prices, it’s an epidemic of unfettered profiteering. This is why we need to build power in our workplaces and simultaneously organise in our communities. Unite will establish permanent bases on the ground in Glasgow to work with workers. Unite is driving a UK-wide strategy to help bring change to ‘heartland’ communities.”

ENDS

Note to editors:

The research was conducted by Survation for Unite. The constituencies included in the survey are: Glasgow Central, Glasgow East, Glasgow South West, Glasgow North, Glasgow North East, Glasgow North West, Glasgow South.