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Regulate wealth, more even distribution? - PaulB, what utter baloney.... that is how your destroy wealth for everyone. Come on, get away from this discredited socialism that should have died with the end of the Berlin Wall. The failure of communism was the inevitable result of a command economy and an oppressive government that sees its right to restrict the ownership of property and freedoms. Only through oppression can socialism obtain its ends, temporarily that is, until it collapses under the weight of the poverty it creates.
I will not condemn or critisise profits. The people they benefit are those people who have pension funds, ISAs and so on, very ordinary people. Would you describe the young lady who holds £1,000 in BP shares who I met yesterday as a fat cat? She earns £20,000 a year in a very mundane job but she has done a bit of saving over the last 15 years and has built up a smallish portfolio that will provide her some security in old age. When people have seen £billions wiped off their investments by 'Brown's Slump' leave them a little cheer with a piece of good news.
The days of them and us, where they owned industries while we had nothing are well gone. Most people have a stake in the success of the economy and British businesses these days. If anyone reading this does not have then they need to think about what they are doing with their money and do a rethink, there is no excuse as from very modest regular investment you can build up substantial funds for yourself and family.
That said, George Osborne has called for BP to reduce it prices at the pumps in response to this news. A far more sensible approach than a Union dinosaur calling for a penal windfall tax with all the damage that does. The Government, of course should also do its bit and reduce taxes, from cuts in spending, to help people manage in these hard times.