Not exactly profiteering. As a country we are in huge debt, where successive governments have made losses, not profits.
It’s a merry-go-round. Nurses, doctors, train drivers (etc) strike until they get pay rises, so the Govn has to increase the take from tax to pay for them. Of course, it’s all completely unsustainable and a broken system, but it is the system we have.
Profiteering is what energy companies have been doing since the start of the Ukraine war. They have been making larger profits and have played a huge part in increasing inflation and causing the cost of living crises. It’s these companies that need to be better controlled and/or further taxed.
Anyway, I’m sure Sir KS has a master plan to solve it all when he becomes PM later in the year... Ha!