Thames Water supply ‘on knife-edge’ with £23bn repairs needed www.theguardian.com/business/202... - ThreadSky

jessicaelgot.bsky.social • 97 days ago

Thames Water supply ‘on knife-edge’ with £23bn repairs needed

https://www.theguardian.com/business/2024/nov/17/thames-water-supply-knife-edge-23bn-repairs-needed?CMP=Share_iOSApp_Other

Comments

steveapplesetc.bsky.social•97 days ago

It's insane that a company of this importance can be run so badly. 23 Thousand Million £!! Utter utter madness.

darksatanicmills.bsky.social•97 days ago

All Keir Starmers fault.

vieco1948.bsky.social•97 days ago

Renationalise the water industry without compensation. It was stolen from us

bob-buttons.bsky.social•96 days ago

Do we really trust and believe they serve us clean drinking water? It clearly a complete shambles and they lie about everything

ladyeuropean.bsky.social•97 days ago

Public ownership now… privatisation has failed, only fills pockets of wealth
#enoughisenough

nikkiuk.bsky.social•97 days ago

The amount of £ is going to go up & up & up the same way it has for decades.
We need to STOP with privatisation.
Whatever Govt can or can not do today is NO worse than what is happening NOW. Let’s deal with it direct. Bring it back under Nationalisation & plan/budget for better.

ianwclift2006.bsky.social•97 days ago

Time to take back control
Of our utilities ( gas water
Electric)

olivera60.bsky.social•97 days ago

I think quite a lot of those repairs are near me. Gushing onto my local train station this morning.

simiwan.bsky.social•97 days ago

Someone remind me about business ethics...

redrob1.bsky.social•97 days ago

Imagine if we totted up the cumulative retained profits and shareholder dividends since privatisation. We get close to £23b ?

markbt.bsky.social•97 days ago

Labour need to nationalise water but they are much too conservative

rschopen.bsky.social•97 days ago

Management bully staff to stop buying essential chemicals for clean water, safety improvements or IT security upgrades.

Meanwhile being very liberal with excessive payouts to shareholders.

What an absolute failure privatisation has been. End the madness now and re-nationalise water.

stevewmobb.bsky.social•97 days ago

Still, dividends eh?

man-u-nerded72.bsky.social•97 days ago

What are the odds the shareholders will pay for that

chris.chabot.dev•97 days ago

I’ve got to say, they really maintain a high efficiency and quality network for extracting money from the population and sending it to their shareholders

system-user.bsky.social•97 days ago

Holy mackerel... 23 billion... with a B. What the heck are they doing letting repairs reach 23 billion? Unacceptable!

perivale.bsky.social•97 days ago

Paying out dividends of course

timjreynolds.bsky.social•97 days ago

Well timed as I wake up to find we’re not getting water this morning. https://www.thameswater.co.uk/network-latest/rg4-rg9-181124

timjreynolds.bsky.social•97 days ago

So this has gotten better and better, not had any water since lunchtime and to get water from Thames Water I’d have to drive 20 minutes to the next town. Don’t have access to a car today so I guess I’ll just wait to drink then

timjreynolds.bsky.social•97 days ago

Public transport would be two buses and take 90 minutes each way. These busses are twice an hour so good luck with that not taking half your day

bannedanna.bsky.social•97 days ago

We're the same today. We still haven't got running water. I did go to the next town and was given bottled water but I'm going through it quickly with cooking and washing up.

greedydetective.bsky.social•97 days ago

Being held back by lefty red tape, of course. Need to cut regulations and allow the free market to flourish.

bannedanna.bsky.social•97 days ago

So, here in Berkshire we've been without water all day because there's a leak in some woods somewhere. @thameswater you've failed us, but that's fine, just keep giving out millions to your shareholders, see if we care!!

criminologist.bsky.social•97 days ago

...it cannot be that wealth extraction on the scale of water companies can be accompanied by such gross dereliction of their basic responsibilities.

"Yeah, we run a water company"

"So what's the plan for fixing the pipes?"

"Well we've got shareholders to think of"

"What about customers?"

...

Comments

Posting Rules

Reply