Uk public about to take on billions of unpaid debt as shareholders realise the gravy train is now run by Avanti
What’s essential is its allowed to go bust before nationalisation.
That way, we can get it cheap. To do so before that is just a bailout for the investors who benefited from debt loading for payouts and is about the worst possible outcome.
> The boss of Thames Water has told the BBC customer bills need to rise by 40% by 2030 to pay for improvements.
> “That is the price customers have to pay for the investment in our infrastructure that’s needed,” he said
From the bbc article on the same topic. Utter dick.
RUN THE COMPANY INTO THE FLOOR WHILE FILLING YOUR POCKETS AND THE TAXPAYER WILL BAIL YOU OUT.
Privatise the profits, socialise the debts. It’s sad that this isn’t even surprising anymore.
A resource that you cannot go 3 days without or you die, isn’t something that should ever be controlled by a company
I’m sorry but ofwat should not be strong armed or blackmailed into accepting any proposal that allows these water companies to increase customers bills – especially when these companies are not getting rid of waste they are meant to treat – which the customer pays them too.
Neither should the shareholders be allowed to extract wealth from the water company .
Something should be done to make sure other shareholders at other water companies don’t try to strong arm ofwat – because it wouldn’t surprise if they all did a coordinated effort to pressure ofwat and then secure government bailout to continue the status quo – like when Boeing was going to collapse because it was so essential to the us government they were bailed out
Why are all the profits private and the losses become socialised?
Impose it. Create a rights issue.
Share holders stump up or see the price collapse.
The rich like socialism when it’s for them. Just remember that!
11 comments
Uk public about to take on billions of unpaid debt as shareholders realise the gravy train is now run by Avanti
What’s essential is its allowed to go bust before nationalisation.
That way, we can get it cheap. To do so before that is just a bailout for the investors who benefited from debt loading for payouts and is about the worst possible outcome.
This was the plan all along. Privatize the profits and nationalize the debt. Rest in piss [Thatcher](https://www.epsu.org/article/death-thatcher-reminds-us-her-first-loss-over-water-privatisation).
> The boss of Thames Water has told the BBC customer bills need to rise by 40% by 2030 to pay for improvements.
> “That is the price customers have to pay for the investment in our infrastructure that’s needed,” he said
From the bbc article on the same topic. Utter dick.
RUN THE COMPANY INTO THE FLOOR WHILE FILLING YOUR POCKETS AND THE TAXPAYER WILL BAIL YOU OUT.
Privatise the profits, socialise the debts. It’s sad that this isn’t even surprising anymore.
A resource that you cannot go 3 days without or you die, isn’t something that should ever be controlled by a company
I’m sorry but ofwat should not be strong armed or blackmailed into accepting any proposal that allows these water companies to increase customers bills – especially when these companies are not getting rid of waste they are meant to treat – which the customer pays them too.
Neither should the shareholders be allowed to extract wealth from the water company .
Something should be done to make sure other shareholders at other water companies don’t try to strong arm ofwat – because it wouldn’t surprise if they all did a coordinated effort to pressure ofwat and then secure government bailout to continue the status quo – like when Boeing was going to collapse because it was so essential to the us government they were bailed out
Why are all the profits private and the losses become socialised?
Impose it. Create a rights issue.
Share holders stump up or see the price collapse.
The rich like socialism when it’s for them. Just remember that!