Thames Water going down the plughole

[Omygawd]

https://www.theguardian.com/business/20 ... r-collapse

Aussies run off with all the money?

Xenophobia is alive and well.

Again, what did we expect down the line when we sent them all those Crims years ago?

[Max Fowler]

Remember they justified their huge executive/director salaries by saying they had to pay that to get the talent and the people capable of running such a complex business.

The people running these businesses are paid on their ability to generate payments to investors, not on their ability to actually run the business.

[RedDwarf 1881]

Remember they justified their huge executive/director salaries by saying they had to pay that to get the talent and the people capable of running such a complex business.

The people running these businesses are paid on their ability to generate payments to investors, not on their ability to actually run the business.

Going by all the evidence you're completely correct .

[Dunners]

Thames Water told by auditors it could run out of money by April

I wonder if we'll just bring it back into public ownership, or just bail them out.

[Proposition Joe]

Don't be daft, private ownership is always better value for the taxpayer than public ownership

[Give it to Jabo]

Of all the cock-ups perpetrated by these Tory foul it ups….

[Still's Carenae]

The government held a golden share equivalent to 51% of the share capital.
This was to protect the companies.

But once the offers started to come in both Major (mainly) and Blair gave way, instead of keeping the utilities for investors, pension funds etc to benefit.

[Hoover Attack]

Investors don't want to 'invest' any more unless bills are increased by up to 40%.

https://www.theguardian.com/business/20 ... of-funding

[Give it to Jabo]

How does one go about taking sewage out of our waterways - how much longer before fish stocks, including shellfish are affected? No wonder sea food is so expensive. Who is going to accept the blame for all this?

[Proposition Joe]

Shellfish are already affected.

[Max B Gold]

Shellfish are already affected.

And the fish are full of cocaine and plastic. The holy grail of maximising shareholder returns is going to kill us all.

[Max B Gold]

[Give it to Jabo]

Good idea for Starmar to put it in the manifesto. But he won't.

[Hoover Attack]

Shellfish are already affected.

And the fish are full of cocaine and plastic. The holy grail of maximising shareholder returns is going to kill us all.

As is half of Essex. So what?

[Proposition Joe]

Half of Essex is going to kill us all? Which half? Assume the bit with Jaywick in it.

[Hoover Attack]

Just heard someone on the radio say that it should be nationalised, even though we'd still have to pay the debt.

Er, why would we?

[LittleMate]

Investors don't want to 'invest' any more unless bills are increased by up to 40%.

https://www.theguardian.com/business/20 ... of-funding

Don't let the facts stand in the way of your agenda. Its 40% over the next 6 years. Still too much but takes most of the drama out of that statement.

[WilliamTell]

Any guarantees that sewage will still not find its way into the Thames or that any repairs would stay repaired?

[Max B Gold]

Just heard someone on the radio say that it should be nationalised, even though we'd still have to pay the debt.

Er, why would we?

We shouldn't.

The banks and offshore robbing scum should take a bath. Why should investing be risk free but derisked by state support. Socialism for the rich penury for the poor.

[Hoover Attack]

Investors don't want to 'invest' any more unless bills are increased by up to 40%.

https://www.theguardian.com/business/20 ... of-funding

Don't let the facts stand in the way of your agenda. Its 40% over the next 6 years. Still too much but takes most of the drama out of that statement.

Thanks for the clarification.

Doesn't change a single thing, however. The robbing bastards that have taken billions off of us over the years are unwilling to put back in now it's turned out they've taken out too much.

[Dunners]

SO, what you're saying is that we all need to ensure we have these privatised utilities in our investment portfolios?

[Friend or faux]

Privatisation was the biggest disaster to hit UK Working Class people. Sale of the Century = Con of the Century.
Time for people to wake up!

[StillSpike]

Privatisation was the biggest disaster to hit UK Working Class people. Sale of the Century = Con of the Century.
Time for people to wake up!

Surely the time for people to wake up is long past. Should have maybe thought it through a bit 40 odd years ago instead of believing all the bollox.

[RedDwarf 1881]

https://www.bbc.co.uk/news/business-66039170

We're going to step in and bail them out, aren't we? No questions asked about how many billions have been siphoned off via interest payments to owners.

It's the same with Royal Mail . These privatised companies care more about their shareholders than they do their customers . If they didn't chuck their shareholders so much money they wouldn't need to push bills up so high . Privatisation is a fcuking rip off .

[Friend or faux]

One of the things that Punters don't realise, is that a lot of the Nationalised Industries were profitable and making a lot of money for the UK Government. These were the first Industries to be Privatised. Sid will confirm this ( he made a load of dough out of us ). Years on people wonder why taxation doesn't meet the demands of: NHS, Education, transport etc.