"Thames Water will have incurred almost £2bn in financing costs and advisory fees over the 18 months to the end of September".
So here's what it's come to, it's now being demanded, not asked but demanded, that Thames Water's customers are being forced to fund their continued exploitation and abuse at the hands of American vulture capitalists.
What a world. Time to put an end to it, time to put Thames Water and its customers out of their misery.
https://t.co/l03FA3QO3J
This by @gillplimmer1@FT is one of the most fascinating things I've read on the UK's water industry, and the story of how we got here, from Thatcher's privatisation to now
https://t.co/mw78y7sQtT
I invite @andyburnham to read this shocking piece and tell us, the British public, why we are not instantly nationalizing water and prosecuting the barbarians that have pillaged it.
Bonus points for Martin Baggs, that's the most shameless career move Ive ever seen.
"Thames Water creditors plan board shake-up if utility avoids nationalisation."
The American vulture capitalists, now running Thames Water are yet again making utterly empty, vacuous promises to govt, they must be resisted at all costs.
https://t.co/WU6O61Ya7j
The very brilliant, tenacious, redoubtable journalist that is @gillplimmer1 of the @FT describes her decent into a sewage scandal that has rocked the nation, the making of new friends, I am honoured to be one of them and the threats, the bullying, the cajoling of the water companies all in a failed attempt to get her to stop.
Fabulous, fabulous read...
https://t.co/xh5qTP71oJ
Southern Water want to rob the River Test of 1/3 of its flows.
“Southern Water is arguing yet again that corporate greed and ineptitude should surpass the needs of the environment,”
Me in today’s @FT
https://t.co/TmdBGhotfT
Concerns about conflicts of interest at the top of the civil service are real and significant. This issue shows that the current rules are clearly inadequate in protecting the public interest. They should be urgently overhauled to restore trust and to prevent corporate influence from tainting the impartiality of the civil service"
😠From today's FT: quarter of the UK’s privatised water companies underspent their investment allowances between 2010 and 2025 - despite saying that a failure to improve infrastructure was caused by customer bills being too low.
THEY'RE SITTING ON YOUR MONEY, AND RIPPING YOU OFF.
No delays, no half measures, no decade-long waits for things to change - we need water in public ownership now.
And note structural steel prices have already risen 43% since the start of the year, which has added £4,000 onto the cost of building a new home even before the UK government's 50% import tariff on steel from 1 July. @gillplimmer1 & @pmdfoster in @FT (£).
https://t.co/OTMBdPA1B3
Oh my goodness, the BBC is updating Andy Burnham's policies for him in real time
This article said something more radical a few hours ago, see below ➡️ https://t.co/npjBykWEwS
@andyburnhamHQ you were right the first time: people want LOWER BILLS - and full PUBLIC OWNERSHIP
"How could Thames Water be nationalised?"
Turns out a lot easier than you think and a lot easier than govt might haver you believe.
https://t.co/Lffll39dV5
The UK health department’s top official was a shareholder at a private equity-owned children’s care home business, which imposed sharp fee increases on local authorities.
Read more here: https://t.co/dbEKSFWxYi