£130 a year on your gas and electricity bill: British Gas owner threatens rises... as it approves a £9m pay package for its bosses

The owners of British Gas last night threatened to increase energy bills by £130 – on the same  day that they approved  multi-million pound pay packages for the firm’s bosses.


The energy giant’s parent company, Centrica, yesterday said rising costs could push the average household ‘dual-fuel tariff’ to a record high of around £1,400.

Despite a shareholders’ revolt at yesterday’s annual meeting, the company still agreed to hand out lavish packages to its executive board.

Some 16 per cent of shareholders refused to back the deal, which will see chief executive Sam Laidlaw receive pay and perks of £4.1million for last year’s work.         Read Here