It’s time to turn the tide on 40 years of privatisation and failure. We’re building a movement to Take Back Water. 🧵 - ThreadSky

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takebackwater.bsky.social • 248 days ago

It’s time to turn the tide on 40 years of privatisation and failure.

We’re building a movement to Take Back Water. 🧵

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Private ownership of water has failed us. Since privatisation in 1989, water company bosses have paid out £56 billion to shareholders whilst loading the industry with more than £60 billion worth of debt. Our water system is crumbling and in chaos due to massive underinvestment.

takebackwater.bsky.social•248 days ago

In 2023, raw sewage discharges doubled to 3.6 million hours. And now they want us to clean up their mess. Over the next 5 years, water companies are planning to increase bills by up to 91% with almost 20p in every pound we pay already going to service their debts.

takebackwater.bsky.social•248 days ago

💰We can’t keep paying for their profits when our money is needed for investment. We believe water should be a common resource for all of us. It must be properly funded and run for the people, not for private profit and shareholders.

takebackwater.bsky.social•248 days ago

Most people, whoever they vote for and wherever they live, agree. Yet we know that no major party with power in Westminster will do it, unless we compel them to.

takebackwater.bsky.social•248 days ago

Why financial disobedience? There’s no escaping it. Without leverage, there’s no power in the demand for public ownership. That’s why we’ve come up with a new tactic: short-term withholding of payment to build confidence and power from below.

takebackwater.bsky.social•248 days ago

Water companies rely on us paying our bills to make money. Thames Water alone takes in £2 billion every year. This is our only leverage – if we can coordinate to use it. To do so, we need hundreds of thousands of ppl to participate whilst ensuring we can keep each other safe.

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