Unite Investigates: Corporate profiteering across the economy - it’s systemic
This new report from Unite Investigates reveals the profits of the UK’s largest companies are now 89 per cent higher than before the pandemic.
This research is the first to take a forensic look at where profiteering is happening and how corporations are taking advantage of a crisis to raise their prices.
“This crisis is about choices. Thousands of decision makers in major corporations have been choosing to raise their prices. Governments are choosing to facilitate it.”
Across critical industries and supply chains these choices are revealed to have caused the “price spiralling” driving inflation. Make no mistake, profiteering has resulted in the high prices we’ve all had to pay.
This report is the latest in a series of contribution to Unite’s Profiteering Commission. Our aim is simple: to uncover who is really profiting from this crisis.
Click here for a short explainer leaflet
Click here to download the full report
Unite Investigates: Corporate profiteering and the cost of living crisis
The Unite report finds that in the last six months company profits are responsible for almost 60% of inflation rise.
“It’s not hard pressed workers who are driving inflation, it’s Britain’s bosses.”
It’s inflation and corporate profits, not workers’ wages, which are at the heart of the cost of living crisis currently gripping the UK according to the compelling new report. ‘Corporate Profiteering and the Cost of Living Crisis’ argues that it is time to demand restraint on profiteering not pay.
This report is the first in a series of contributions made by Unite’s Profiteering Commission. Our aim is simple: to uncover who has really profited from the Covid 19 pandemic and the inflationary pressures that have followed.
Click here to download the full report.
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