Water firms want bill rises to pay for repairs to leaks and spills

[SydneyRover]

You're a funny guy Albie, all there points that you raise and that everyone else keeps 'completely missing' all added up are the reasons that corbyn didn't get into office, twice, what a shame that this point is the one that you and your mates are completely missing aye?

[albie]

Stay on the topic Syd, and avoid the irrelevant drivel.
It is nothing whatsoever to do with Corbyn. The problems have been there since the original privatisation of the water industry.

We are talking about the investment strategies of private equity owners of an essential public service.

"Thames Water is collapsing because it has racked up nearly £19 billion of debt. In 1989 it started out with zero debt. It has spent the last 34 years profiting at our expense. The company has paid out £7.2 billion in dividends and in 2022 paid out £37 million of “internal dividends” to its parent company."...from https://weownit.org.uk/

Water is a natural monopoly, there is no market for consumers.
The English model of privatisation is very unusual, and Scotland retains water in the public sector.
90% of the world supplies water in public ownership.

Publicly owned Scottish Water has spent £72 more per household per year (35% more) than the English water companies.
If England had invested at this rate, an extra £28 billion would have gone into the infrastructure to tackle problems like leaks and sewage.

[SydneyRover]

Yes I know, when did you start complaining, whom do you expect to fix it and why?

[Not Now Kato]

https://www.bbc.com/news/articles/ce55vp78n40o.amp
 
Seriously?

[Not Now Kato]

Meanwhile
 
https://www.theguardian.com/business/article/2024/may/21/south-west-water-owner-service-dividend-devon
 
You couldn't make it up!

[scawsby steve]

So what will Keith do about this scandalous situation when he gets in? Take the water industry back into public hands, or let the greedy companies continue to fleece the public to provide huge dividends for the shareholders, whilst providing an appalling service?

I think we know the answer.

[SydneyRover]

So what will Keith do about this scandalous situation when he gets in? Take the water industry back into public hands, or let the greedy companies continue to fleece the public to provide huge dividends for the shareholders, whilst providing an appalling service?

I think we know the answer.

Wrong question Steve, what will the government do about this right now is a better one wouldn't you think, Albie is crying about debt and yet he like you wants to load it onto labour, wtf get real.

[albie]

No Syd, as I clearly explained in post 21 debt should remain with the companies who created it to inflate dividends.

The voices in your head are getting the upper hand again.

The Tories will only act if Thames go bankrupt when they still in government, otherwise they will wait it out.

Labour have a chance to set out a policy for change, but will not do so!

[ncRover]

Perhaps if there had been a new reservoir built in the last 30+ years to cope with increased demand then bills wouldn’t be so high?

[SydneyRover]

No Syd, as I clearly explained in post 21 debt should remain with the companies who created it to inflate dividends.

The voices in your head are getting the upper hand again.

The Tories will only act if Thames go bankrupt when they still in government, otherwise they will wait it out.

Labour have a chance to set out a policy for change, but will not do so!

Yes you clearly explained as always, but why put it all on the opposition as always, its the government that has the power.

I think you're crapping yourself that labour may win.

[drfchound]

No Syd, as I clearly explained in post 21 debt should remain with the companies who created it to inflate dividends.

The voices in your head are getting the upper hand again.

The Tories will only act if Thames go bankrupt when they still in government, otherwise they will wait it out.

Labour have a chance to set out a policy for change, but will not do so!

Yes you clearly explained as always, but why put it all on the opposition as always, its the government that has the power.

I think you're crapping yourself that labour may win.

You have done it again Syd.
“Labour may win”.
Are you now unsure about the great victory that you were predicting a few months ago?

[roverstillidie91]

Nationalise

[SydneyRover]

Nationalise

Yep, the old saying coming your way from the far left, nationalise the debt and privatise the profit

[scawsby steve]

Nationalise

Yep, the old saying coming your way from the far left, nationalise the debt and privatise the profit

Your hero, Keith, wants public ownership doesn't he?

Oh sorry, I keep forgetting. That was just for the Labour leadership.

[SydneyRover]

Nationalise

Yep, the old saying coming your way from the far left, nationalise the debt and privatise the profit

Your story Steve, give us the details

Your hero, Keith, wants public ownership doesn't he?

Oh sorry, I keep forgetting. That was just for the Labour leadership.

[Colin C No.3]

It’s about time they cleaned our local sewerage works up. It’s a right shit pit.

[roverstillidie91]

Nationalise

Yep, the old saying coming your way from the far left, nationalise the debt and privatise the profit

Your hero, Keith, wants public ownership doesn't he?

Oh sorry, I keep forgetting. That was just for the Labour leadership.

One of the water companies down south can't remember the name of the company.

Just let it go bankrupt and bring it back into public hands instead of the taxpayer bailing it out.

Cannot believe that in this day and age customers having to boil their water and having to hand out bottled water.

[big fat yorkshire pudding]

Nationalise

Yep, the old saying coming your way from the far left, nationalise the debt and privatise the profit

Your hero, Keith, wants public ownership doesn't he?

Oh sorry, I keep forgetting. That was just for the Labour leadership.

One of the water companies down south can't remember the name of the company.

Just let it go bankrupt and bring it back into public hands instead of the taxpayer bailing it out.

Cannot believe that in this day and age customers having to boil their water and having to hand out bottled water.

Just let it go bankrupt.....  How does that work? You do realise that when a company becomes insolvent there is a huge amount of cost to pay, you can't just ignore the debt. 

[roverstillidie91]

Nationalise

Yep, the old saying coming your way from the far left, nationalise the debt and privatise the profit

Your hero, Keith, wants public ownership doesn't he?

Oh sorry, I keep forgetting. That was just for the Labour leadership.

One of the water companies down south can't remember the name of the company.

Just let it go bankrupt and bring it back into public hands instead of the taxpayer bailing it out.

Cannot believe that in this day and age customers having to boil their water and having to hand out bottled water.

Just let it go bankrupt.....  How does that work? You do realise that when a company becomes insolvent there is a huge amount of cost to pay, you can't just ignore the debt. 

The companies debt. Not the taxpayers. Just renationalise it.

Why have they paid all these dividends to shareholders and not invested in the infrastructure?

But then expect the customers to pay for it.

[idler]

Exactly. A bonus or dividend should be met out of profits, not just awarded when you are losing money or failing.