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Centrica boss gives up bonus

The chief executive of British Gas owner Centrica yesterday said he will not take a bonus this year, as pressure rises on the 'big six' energy firms over rising fuel costs.

Speaking at the CBI conference in London yesterday, Centrica CEO Sam Laidlaw said that trust in the industry was at an "all-time low".

Laidlaw, who was paid a total of almost £5 million last year including almost £1.5 million in cash bonuses, said he understood the "anger and frustration" felt by many after bills rose by more than three times the rate of inflation last year.

Responding to the news fellow big six supplier EON said that "pay and remuneration is an individual matter and not one the company will comment on".

Also responding to the news that Laidlaw is giving up his bonus was energy firm SSE. It said its remuneration committee is not due to make a decision on bonuses until next May, but when it does, it "will take all factors into consideration".