They've all been known as environmentally bankrupt for years, which is to say had they at any point addressed the environment with actual investment every firm would have gone bust.fishfoodie wrote: Fri Apr 05, 2024 5:34 pmI think I remembering correctly when I say that Thatcher nationalized all the debts, of all the water companies prior to privatization, & since then Thames has racked up £60 Billion in debt, while letting the infrastructure fester, but importantly paying back out that £60 Billion in dividends to shareholders !Rhubarb & Custard wrote: Fri Apr 05, 2024 5:28 pmMore a continuation than a beginning.fishfoodie wrote: Fri Apr 05, 2024 3:10 pm So it begins. Privatize the profits & Nationalize the debts
https://www.ft.com/content/58834a3a-875 ... 8e62fd662c
I'd say it's a disgrace they were ever allowed to rack up such debt, and to rack up debt paying out bonuses and dividends not even on investments
So this single company has bled more than £120 Billion out of the taxpayers !
How many hospitals & schools would build ?
It puts the PPE scam in ha'penny place.
[Edit] Sorry the £60 Billion is all the water companies debt, Thames just owes ~£16 Billion
https://www.theguardian.com/business/20 ... rs-coffers
About which the government has done... nothing. Not a thing. They've made more progress on new reservoirs and nuclear power stations. And Labour have no established policy that changes much of anything, granted I'm still voting Labour for the first time ever, but it's more than a little annoying the status quo is so valued by the establishment