Water company customers fleeced at every turn. Companies paid £85bn dividends, borrowed £60bn+ to fund it. 35% of customer bills in 2023-2024 covered interest payments & dividends. Thames Water spending £200m a year on advisers to stay afloat. We pay for management follies and govt failures. - ThreadSky

premnsikka.bsky.social • 2 days ago

Water company customers fleeced at every turn.

Companies paid £85bn dividends, borrowed £60bn+ to fund it.

35% of customer bills in 2023-2024 covered interest payments & dividends.

Thames Water spending £200m a year on advisers to stay afloat.

We pay for management follies and govt failures.

Comments

artnich54.bsky.social•1 day ago

This Labour Govt has an open goal in front of it. Privatise water and drainage. The Scottish model works.
Emergency legislation, all assets transferred seized and transferred. Prosecution of senior executives for environmental and public health and safety.
A message must be sent!

alibumd.bsky.social•1 day ago

Negligent complicit governments condone and perpetuate this profiteering
ENOUGH

lucifer33.bsky.social•2 days ago

Are these water company actions not Treason?

artnich54.bsky.social•1 day ago

Not sure, but we urgently need revised treason laws that cover areas of knowingly damaging and/or endangering public health, safety, economic well being and more. This should also include political decisions, politicians and political advisors who ignore best advice!!

gillianrodgers8.bsky.social•2 days ago

Time to take it back with no compensation.

survivingboomer.bsky.social•2 days ago

English water company customers. Scotland's water was never privatised.

ethicalguy66.bsky.social•2 days ago

I think you'll find a whole Govt unit (OFWAT) that haven't been effective in stopping this literal sh*tshow. A severe lack of understanding of the state of the water infrastructure whilst greedy Co. directors enriched shareholders...

politicsphil.bsky.social•2 days ago

Surely, there is a clause in corporate and company law that prohibits this sort of action ?

If not, THEN THERE BLOODY WELL SHOULD BE.

premnsikka.bsky.social•2 days ago

The UK does not have a central enforcer of company law. By default, most of the matters fall to the Department of Business and Trade, which is also the main promoter of businesses.

politicsphil.bsky.social•2 days ago

Thank you for that.

wanderingdutchman.bsky.social•2 days ago

Who do you think paid for those 'colander laws'?

martinpb66.bsky.social•2 days ago

Don't forget, when water companies borrow the City takes a huge cut in fees and charges, over the years that is billions syphoned off from bill payers to the wealth extractors. Some of that goes to the PR budget, greasing journalists and influencers palms to warn of the evils of nationalization.

kathyhodgson.bsky.social•2 days ago

Just catching up with the number of competitors in the Devizes to Westminster canoe race over the Easter weekend who fell ill afterwards, also their support crews. Absolutely scandalous

thinkitthrough.bsky.social•2 days ago

It's a con.

ellis-redding.bsky.social•1 day ago

Thank you for this.
I hope to be speaking to TW in the coming days/weeks regarding this. This is perfect.

timanatorp.bsky.social•1 day ago

I'm still appalled that a nation that understands healthcare must be public would privatize water. Time to undo that.

elainecolliar.bsky.social•1 day ago

Scotland seems to do very well with our nationalised water - perhaps for once they could look and implement things that work

freddies.bsky.social•1 day ago

Public ownership is the economic ,political and moral answer that most benefits the people .Labour are too blinkered to do what's right. Corporate puppets .

jfm114.bsky.social•2 days ago

England only!
Scotland has a well organised and financed public water company!
Working in the best interest of its shareholders, the Scottish people!
Profit making shareholders will never work in the best interest of the public.
Remember that when you all vote for Farage & co!

Comments

Posting Rules

Reply