Just flat out lying from Treasury. Water utilities are highly profitable once you strip out debt repayments. And the statutory mechanism for rescuing broken water companies enables DEFRA to strip out debt repayments. 1/2 https://www.theguardian.com/business/2025/may/03/treasury-threatens-defra-with-4bn-bill-if-thames-water-nationalised?CMP=Share_AndroidApp_Other
Comments
Maybe this is it?
Because Labour has been captured by money. Different glove puppet; same hand. 2/2
People have been clutching pearls about PE for way too long. Simply explain to the market that these assets are not suitable for PE and that the regulator will enforce that view by repeatedly nationalising and stripping out debt.
Oh, hang on
If there were any justice, Thatcher's estate should be forced to pay towards rectifying her disastrous privatisation.
I'm not against tougher regulation, but privatisation has sucked billions out of the public purse whilst failing to invest in infrastructure and polluting the nation's waterways. It needs to end.
They've raised customer prices, made no improvements to the service, allowed infrastructure to crumble, and polluted the entire nation's waterways.
Privatisation has been a complete & abject failure.
I'm memory-banking that for future use.
And illegal sewage disposal must be brought under control. Is cost of that known?
S830 Companies Act 2006
"A company's profits available for distribution are its accumulated, realised profits, so far as not previously utilised by distribution or capitalisation, less its accumulated, realised losses,
And who are the people who neglect to enforce the law?
• Treasury to run Thames Water
• establishment of a new department
• convert TW into a not-for-profit company limited by guarantee
I don't want their service.
Nationalise the feckers.
#humptydumpty
This is why people vote for extremism. Sadly.
It's as if private ownership isn't the answer!
The New Tories