Water companies 😳

[h_m_boro]

Want to increase bills £156 by 2030 to pay for leaks, infrastructure upgrades, new reservoirs etc.

So WTF have they been doing since 1989, apart from pumping record levels of sh*t into our rivers and seas, and giving shareholders bumper dividends??

Cheeky b*stards.

 

[m3t4tr0n]

Want to increase bills £156 by 2030 to pay for leaks, infrastructure upgrades, new reservoirs etc.

So WTF have they been doing since 1989, apart from pumping record levels of sh*t into our rivers and seas, and giving shareholders bumper dividends??

Cheeky b*stards.

but just think of all that value the shareholders bring !!!

 

[starplayer]

They had to try and jump on the gravy train at some point.

 

[TeessideCleveland]

Tories won't allow it until after the election

Water firms push for bills in England to rise by up to 40%, say reports

Plans drawn up to pay for cost of dealing with sewage crisis and climate emergency

www.theguardian.com

 

[t4tomo]

£60bn collectively paid in dividends since privatisation.

 

[m3t4tr0n]

£60bn collectively paid in dividends since privatisation.

don't you worry, it'll start trickling down any day now

 

[TeessideCleveland]

England to diverge from EU water monitoring standards

Exclusive: campaigners fear less rigorous methods could lead to more pollution in rivers and waterways

www.theguardian.com

 

[ThePrisoner]

England to diverge from EU water monitoring standards

Exclusive: campaigners fear less rigorous methods could lead to more pollution in rivers and waterways

www.theguardian.com

Sovrin tea innit.

 

[Colgates_shaving_foam]

Want to increase bills £156 by 2030 to pay for leaks, infrastructure upgrades, new reservoirs etc.

So WTF have they been doing since 1989, apart from pumping record levels of sh*t into our rivers and seas, and giving shareholders bumper dividends??

Cheeky b*stards.

I have another idea. They are not allowed to pay another penny in bonuses or dividends until they fix it all.

 

[clay]

When the water companies were privatised they started off with zero debt. Since then, they have built up debt totalling £53bn. Over the same period, they have paid out dividends totalling £72bn, so they've really just taken out loans and handed the money straight over to shareholders.

In the end, we'll all end up covering that debt one way or another. Imagine how sick you'd feel if a letter dropped through your door saying you had a £2k debt you didn't know about. Well that's what this is: £53bn is about two grand per UK household.

 

[ThePrisoner]

I have another idea. They are not allowed to pay another penny in bonuses or dividends until they fix it all.

That would cause investors to panic and the companies to collapse. Just nationalise and have done with the thieving scum.

 

[Muttley]

Isn't privatisation marvellous Sid...

 

[Nero]

When the water companies were privatised they started off with zero debt. Since then, they have built up debt totalling £53bn. Over the same period, they have paid out dividends totalling £72bn, so they've really just taken out loans and handed the money straight over to shareholders.

In the end, we'll all end up covering that debt one way or another. Imagine how sick you'd feel if a letter dropped through your door saying you had a £2k debt you didn't know about. Well that's what this is: £53bn is about two grand per UK household.

Even worse than that. Often the loans taken are from Shareholders. That allows those owning the Water Company to dodge as much tax as possible while still getting nice returns.

Tory neoliberal policies for you.

 

[spanishman]

This came up on Sky News this morning....

Down the drain: What went wrong with Britain's water system?

If you were going to design Britain's sewage system from scratch today, the one we have, to put it mildly, isn't the design you'd pick. But for most of the country, it's simply too late. Most urban areas have systems that "bake in" sewage spills pretty much forever.

news.sky.com