‘What’s that Sir? Raise prices Sir? Of course Sir! Another thing Sir? The balls as well Sir? Of course Sir, not a problem Sir!’ – UK ‘Regulatory Bodies’
I will just speak up mildly for Ofwat, as they have recently steadfastly resisted calls from Thames Water to increase bills by up to 40% and told them to sort it out themselves.
Otherwise, yeah, that tracks.
At least the mug has some functionality…
Who made this 😅
I know the UK’s systems are broken, but I shudder to think how bad it would be if the FCA didn’t exist.
No chocolate teapots or 2 bob piss pots?
THE OMBUDS-MAN
Missed the current Labour government.
It’s regulatory capture.
What’s wrong with the FCA? They do a pretty good job!
Well… the mug is useful if you want to hold it from the inside. The watering can is good for watering the inside of the watering can. The gate is useful to stop you getting through on the path. The others? Yeah, okay, you got me there.
The FCA is definitely not to be trifled with
Always makes me laugh when something a little bit naughty happens on telly and the papers are going on about how ofcom received 50 complaints like it means anything.
Don’t forget the Pensions Ombudsman.
Total waste of time
You forgot the Information Commissioner’s Office, who appointed a Commissioner who doesn’t believe in enforcement…as a regulator.
So now it’s fair game for organisations to do what they want with people’s data as at worst they’ll get a sternly written letter.
The UK really said, “regulations? more like suggestions” lol.
Oftwat!
These regulators are increasingly toothless. Why in the everloving f word are consumer prices going up to pay to fix all of the broken and neglected infrastructure that wasn’t fixed because these companies were funneling all that money to make rich suits even richer.
These companies should be done for bloody fraud, not given more money to maybe fix the issue but no guarantees wink wink.
Everyone’s saying that it would cost too much to nationalise the water companies because of their debt so we have no choice but to pay for their infrastructure investment again.
But what about in 30 years time when the infrastructure is 30 years out of date again? Do we just keep paying a second time every few decades?
Ofcom manage the entire radiofrequency spectrum in the UK. If not for them, literally no wireless devices in the UK would work.
Why the FCA?
Can that watering can actually pour? I’m not good at physics.
Every ‘of’ quango is entirely unfit for purpose, and has either been totally corrupted and subverted by the industry they are supposed to regulate, or have become consumed by internal office politics and personal advancement of personnel to the dereliction of providing an actual service.
They’re in the pocket of the big corps running these industries. Clearly. An energy price cap doesn’t mean that all firms automatically charge at the cap. Toothless.
The regulators are a sick joke. They’ve operated at the behest of the industries they were supposed to regulate post privatisation which was one of the most catastrophically stupid ideas I’ve ever heard of. The UK should value all of them at 1p per share with emergency legislation and nationalise them.
Disagree w FCA as others have. Work for a big financial firm and they keep us in line, is nice to see. Nothing’s perfect but they do a good job from my admittedly limited perspective
Tell me how regulators are pointless? Would you rather have companies be able to screw you over because they have no oversight? This is a dumb take. Leaving large companies to do whatever they want is always going to result in less fair trade practices for consumers.
Every time I see posts hating on the regulators I wonder if this meme is brought to us by Big Billionaires.
28 comments
‘What’s that Sir? Raise prices Sir? Of course Sir! Another thing Sir? The balls as well Sir? Of course Sir, not a problem Sir!’ – UK ‘Regulatory Bodies’
I will just speak up mildly for Ofwat, as they have recently steadfastly resisted calls from Thames Water to increase bills by up to 40% and told them to sort it out themselves.
Otherwise, yeah, that tracks.
At least the mug has some functionality…
Who made this 😅
I know the UK’s systems are broken, but I shudder to think how bad it would be if the FCA didn’t exist.
No chocolate teapots or 2 bob piss pots?
THE OMBUDS-MAN
Missed the current Labour government.
It’s regulatory capture.
What’s wrong with the FCA? They do a pretty good job!
Well… the mug is useful if you want to hold it from the inside. The watering can is good for watering the inside of the watering can. The gate is useful to stop you getting through on the path. The others? Yeah, okay, you got me there.
The FCA is definitely not to be trifled with
Always makes me laugh when something a little bit naughty happens on telly and the papers are going on about how ofcom received 50 complaints like it means anything.
Don’t forget the Pensions Ombudsman.
Total waste of time
You forgot the Information Commissioner’s Office, who appointed a Commissioner who doesn’t believe in enforcement…as a regulator.
So now it’s fair game for organisations to do what they want with people’s data as at worst they’ll get a sternly written letter.
The UK really said, “regulations? more like suggestions” lol.
Oftwat!
These regulators are increasingly toothless. Why in the everloving f word are consumer prices going up to pay to fix all of the broken and neglected infrastructure that wasn’t fixed because these companies were funneling all that money to make rich suits even richer.
These companies should be done for bloody fraud, not given more money to maybe fix the issue but no guarantees wink wink.
Everyone’s saying that it would cost too much to nationalise the water companies because of their debt so we have no choice but to pay for their infrastructure investment again.
But what about in 30 years time when the infrastructure is 30 years out of date again? Do we just keep paying a second time every few decades?
Ofcom manage the entire radiofrequency spectrum in the UK. If not for them, literally no wireless devices in the UK would work.
Why the FCA?
Can that watering can actually pour? I’m not good at physics.
Every ‘of’ quango is entirely unfit for purpose, and has either been totally corrupted and subverted by the industry they are supposed to regulate, or have become consumed by internal office politics and personal advancement of personnel to the dereliction of providing an actual service.
They’re in the pocket of the big corps running these industries. Clearly. An energy price cap doesn’t mean that all firms automatically charge at the cap. Toothless.
The regulators are a sick joke. They’ve operated at the behest of the industries they were supposed to regulate post privatisation which was one of the most catastrophically stupid ideas I’ve ever heard of. The UK should value all of them at 1p per share with emergency legislation and nationalise them.
Disagree w FCA as others have. Work for a big financial firm and they keep us in line, is nice to see. Nothing’s perfect but they do a good job from my admittedly limited perspective
Tell me how regulators are pointless? Would you rather have companies be able to screw you over because they have no oversight? This is a dumb take. Leaving large companies to do whatever they want is always going to result in less fair trade practices for consumers.
Every time I see posts hating on the regulators I wonder if this meme is brought to us by Big Billionaires.
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