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Thames Water - the ugly reality of 'Privatisation'
Posted: Fri Jun 28, 2024 11:35 pm
by E10EU
We were told that privatisation of public utilities and essential services would result in cheaper and better provisions for the public.
What a Pup we were sold!
Water and air are the 2 most basic essentials for life ... Now we see just what PRIVATISATION really means:
Mega profits for the few and sh*t (literally) for the rest of us.
https://www.theguardian.com/business/ar ... ing-u-turn
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Sat Jun 29, 2024 8:56 am
by Friend or fart
There is another bigger issue that the Public are unaware of. Most of the Privatisations ( especially the early ones ): BT, British Gas, the Electricity Boards, Thomas Cook etc; were very big revenue sources for the Government. These were never replaced & people wonder why everything is falling apart whilst taxes are high. Mrs Thatcher was a crook of the highest order.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Sat Jun 29, 2024 9:11 am
by Adz
Said it before privatised profits nationalised losses
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Sat Jun 29, 2024 10:30 am
by RedDwarf 1881
E10EU wrote: ↑Fri Jun 28, 2024 11:35 pm
We were told that privatisation of public utilities and essential services would result in cheaper and better provisions for the public.
What a Pup we were sold!
Water and air are the 2 most basic essentials for life ... Now we see just what PRIVATISATION really means:
Mega profits for the few and sh*t (literally) for the rest of us.
https://www.theguardian.com/business/ar ... ing-u-turn
On this subject I 100% agree with you . Not only the water industry but privatisation as a whole doesn't work . It's just big profits for shareholders at the expense of its employees and customers .
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Sat Jun 29, 2024 10:33 am
by Monkey Boy
E10EU wrote: ↑Fri Jun 28, 2024 11:35 pm
We were told that privatisation of public utilities and essential services would result in cheaper and better provisions for the public.
What a Pup we were sold!
Water and air are the 2 most basic essentials for life ... Now we see just what PRIVATISATION really means:
Mega profits for the few and sh*t (literally) for the rest of us.
https://www.theguardian.com/business/ar ... ing-u-turn
We have Maggie Thatcher to thank for this,
fortunately she’s now where she should be, six foot under.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Sat Jun 29, 2024 2:02 pm
by ChorizO
RedDwarf 1881 wrote: ↑Sat Jun 29, 2024 10:30 am
E10EU wrote: ↑Fri Jun 28, 2024 11:35 pm
We were told that privatisation of public utilities and essential services would result in cheaper and better provisions for the public.
What a Pup we were sold!
Water and air are the 2 most basic essentials for life ... Now we see just what PRIVATISATION really means:
Mega profits for the few and sh*t (literally) for the rest of us.
https://www.theguardian.com/business/ar ... ing-u-turn
On this subject I 100% agree with you . Not only the water industry but privatisation as a whole doesn't work . It's just big profits for shareholders at the expense of its employees and customers .
Yet you continue to vote Tory. Make up your mind.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Sun Jun 30, 2024 8:47 am
by Stamford O
Take the shares and dividends,balls it up and let the taxpayer bail it out as essential services,who'd have thought it
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Sun Jun 30, 2024 8:53 am
by RedDwarf 1881
Adz wrote: ↑Sat Jun 29, 2024 9:11 am
Said it before privatised profits nationalised losses
It's a very good way to sum it up . I'll use the quote myself in the future
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Sun Jun 30, 2024 8:55 am
by RedDwarf 1881
ChorizO wrote: ↑Sat Jun 29, 2024 2:02 pm
RedDwarf 1881 wrote: ↑Sat Jun 29, 2024 10:30 am
E10EU wrote: ↑Fri Jun 28, 2024 11:35 pm
We were told that privatisation of public utilities and essential services would result in cheaper and better provisions for the public.
What a Pup we were sold!
Water and air are the 2 most basic essentials for life ... Now we see just what PRIVATISATION really means:
Mega profits for the few and sh*t (literally) for the rest of us.
https://www.theguardian.com/business/ar ... ing-u-turn
On this subject I 100% agree with you . Not only the water industry but privatisation as a whole doesn't work . It's just big profits for shareholders at the expense of its employees and customers .
Yet you continue to vote Tory. Make up your mind.
For your information I don't vote Tory.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Sun Jun 30, 2024 12:31 pm
by Omygawd
Count Binface is on the case.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Tue Jul 02, 2024 8:30 am
by ChorizO
RedDwarf 1881 wrote: ↑Sun Jun 30, 2024 8:55 am
ChorizO wrote: ↑Sat Jun 29, 2024 2:02 pm
RedDwarf 1881 wrote: ↑Sat Jun 29, 2024 10:30 am
On this subject I 100% agree with you . Not only the water industry but privatisation as a whole doesn't work . It's just big profits for shareholders at the expense of its employees and customers .
Yet you continue to vote Tory. Make up your mind.
For your information I don't vote Tory.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Tue Jul 02, 2024 1:54 pm
by Still's Carenae
When the utilities were sold the government held golden shares, under Major and Blair they relinquished these. The idea was that people and pension funds could invest and have a good income.
But regulation has been very weak, the equivalent of a chocolate teapot and this is why we have this problem.
I have always felt that we should have control over all our utilities, not being run by foreign companies, who are only interested in the dividends, just like the road and bridge tolls.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Tue Jul 02, 2024 2:13 pm
by Hoover Attack
What is funny is how someone like Corbyn is labelled a national security threat, yet he'd have all utilities back under our own public ownership in no time, instead of being at the mercy of foreign Governments and foreign pension funds and foreign bankers as we are now.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Tue Jul 02, 2024 2:26 pm
by BoniO
Not sure if it's the UK or maybe just England to have the only privatised water supply and sewage in the World. It's deemed too important an asset, and a basic need for life, in every other Country. Look how that has turned out and I can't see it getting better any time soon whilst shareholders continue to demand high dividends.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Tue Jul 02, 2024 2:42 pm
by Hoover Attack
Literally, just f*** them off. Take it all back, let them sort their debt out, and tell them to all f*** off.
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Tue Jul 02, 2024 2:45 pm
by Long slender neck
Wouldnt 'the markets' take a dim view of that though?
Re: Thames Water - the ugly reality of 'Privatisation'
Posted: Tue Jul 02, 2024 3:21 pm
by Hoover Attack
Ok, fine the company £15billion for corporate mismanagement or whatever. That should see them walk away.
Do not bail out the shareholders or debt holders. Presumably there's no obligation to do so.