Thames Water told by auditors it could run out of money by April | Water industry | The Guardian

by zeropoundpom

11 comments
  1. To no one’s fucking surprise! Along with the massive incoming bail out with absolutely no strings attached.

    All those offers to work in different countries are starting to look really attractive now!

  2. Maybe the bosses haven’t spent their bonuses yet, or the £30+ million they paid in internal dividends last year, use that maybe

  3. So if it does go under, then what. Will the government bail it out, thereby returning it to public ownership?

  4. Time to step in and nationalise it. Water shouldn’t be a commodity.

  5. Does this mean the capitalist privatisation experiment of utilities has failed as it would if a nationalised Thames water would have said the same thing?

    If not, why not?

  6. Let it fail. That’s what privatisation means for those that perform this bad. The shareholders can bail it out if they like. They had their dividends already so it’s the risk you take.

  7. No shock at all. Woefully incompetent senior managers- seen it with my own eyes.

  8. Ahh its ok, the shareholders have milked the shit out of it so they’re alright mr guardian.

  9. Let it go bust and nationalise it for a token payment after it goes into receivorship.

  10. Maybe take it from ownership? Seeing as they borrowed against the business almost as much as the company has lost and paid it to themselves in bonuses, seems to me like they should be helped accountable for it’s mismanagement.

  11. How does a company with a total monopoly on providing the largest metropolitan area in the country with the one thing humans can’t live without – run out of money? There are literally no more favourable conditions a business could ask for.

    ✅ absolute exclusivity
    ✅ customers would literally die without it
    ✅ get paid for something that falls from the sky
    ✅ inexplicably manage to run out of money

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