r/ei

🏴󠁧󠁢󠁳󠁣󠁴󠁿🤝🇦🇱

[r/ei @r96gg]

Collect your da from George Square plz, he’s out pishing on statues he was “protecting” last summer.

[r/ei @r96gg]

Cannot begin to state how much I despise Tories and how we all should.

[Josh Hunt @iAmJoshHunt]

I still don’t think many people have clocked how massive this story actually is.

Thames Water is carrying £19.8bn of debt, up 2 billion in a single year, and it will run out of money before Christmas.

£19.8bn against 16 million people who cannot switch, can’t leave, and cannot stop drinking water.

That’s about £1,240 per head. 5 grand for a family of four. In some way, shape, or form, they’re on the hook for it.

That’s the part that I don’t think has landed yet. This isn’t a story about sewage in the Thames, or bonuses, or another regulator caught asleep. The actual event is 30 years of a monopoly being used as collateral by people who knew its customers could never walk away. The bill has now come due… and it’s a big one.

The pipes and the infrastructure were never the real asset. The 16 million captive water drinkers were.

What’s going to really sting is the fact there’s only two ways this gets settled. Your bill goes up, substantially, or your taxes do. Most likely both, and it’ll be on a schedule designed in a way so you don’t notice the hit, in an attempt to suppress the rage you should rightly be feeling.

And before anyone tells me the creditors are taking a 30% haircut, look at what they’ve asked for in return. Fines waived until 2030. Pollution targets “significantly modified.” Bills raised above what the regulator allows. That isn’t exactly them eating the loss now, is it. That’s them buying a regulatory holiday, on debt most of them bought at distressed prices.

Nobody voted for this, nobody borrowed it, and nobody saw the benefit of it. The debt was loaded onto a captive customer base over 30 years and paid out to shareholders who have long since gone.

16 million people are about to find out that they co-signed something they were completely unaware of.

Now, this is what should worry us all. Thames isn’t a rogue outlier, it’s just the first one to fully hit the wall. English water carries north of £60bn of debt. Southern is already junk rated, needed a £1.2bn rescue from its shareholders, and its customers are looking at a 48% bill rise this decade before you count what the CMA added on top. Every one of these companies borrowed heavily when money was free and now have to refinance it all in a world where it isn’t, while being told to spend billions on infrastructure they left rotting for 30 years. Thames is just the first and most visible of what will likely end up being a line of dominoes.

Maybe Burnham nationalises Thames Water. But ask yourself… how many more will need to be nationalised? And who do you think pays for that?

[JOHN NICOLSON 🇵🇸 🇺🇦 🏴󠁧󠁢󠁳󠁣󠁴󠁿 🇪🇺 @MrJohnNicolson]

£10 billion. Time for arrests.

[Dre Guevara @DreGuevara3]

they robbed your future from you and blamed it on immigrants and half of you were stupid enough to fall for it

[BatesyBhoy 🏴󠁧󠁢󠁳󠁣󠁴󠁿 @BatesyBhoy1967]

16 children and a teacher died in Dunblane. But daddy's gun being taken away is more serious. Fuck rupert lowe

[r/ei @r96gg]

Couldn’t even hold his press conference in Clacton…

[jimnarleneTaylor @jimnarlene]

I'm old enough to remember when a bunch of cunts were moaning about Scotland having an optional bank holiday.

[Connor Twigg @_CGLT95]

Going on about gimps and it’s a grown man twining a majorette stick

[Duncan Lindsay @DuncanLindsay]

Thinking of this fallen icon during the heatwave

[liam cunningham @liamcunningham1]

There’s extraordinary stuff going on in Albania at the moment. Corporate media barely covering this. Funny that.
Check it out.

[r/ei @r96gg]

In the bin with these cunts. Who in their right mind, as a public figure let alone a member of parliament who has a chance of being in government in 3 years time, says shite like this? Have we genuinely lost our minds as a society because what the fuck?

[Nat ✨ FREE 🇵🇸 @loopzoooop]

that’s the question isn’t it. what WILL she do? there are no youth clubs for her to attend. food, cinema tickets, any sort of third space activity is all too expensive. their parents are underpaid, saturday jobs don’t exist any more, children have truly been abandoned by the govt

[Scotland National Team @ScotlandNT]

Spine-tingling.

#HAISCO | #FIFAWorldCup

[Conor Ryan @ConorRyan_93]

“Loch Lomond” in Foxborough. Quite a sight. #WorldCup

[evan loves worf @esjesjesj]

People die of preventable illnesses because they can’t afford healthcare

[adidas UK @adidasUK]

CHOOSE SCOTLAND 🏴󠁧󠁢󠁳󠁣󠁴󠁿🏆

@ScotlandNT @LewisCapaldi

[Coral @Coral]

For anyone that still doubts him. One take. No autocue. One GOAT!

@Johnfis08605918

[r/ei @r96gg]

fucking deranged behaviour

[Stop Funding Hate @StopFundingHate]

A GB News presenter repeatedly insists "there weren't riots" in Belfast last night... 😳

This is what GB News advertisers are aligning with 👇

[r/ei @r96gg]

Glasgow, a city that famously doesn't.

[Craig Houston @CraigHouston_]

Glasgow stands with all the UK

[Celtic Football Club @CelticFC]

CHAMPIONS AGAIN!

🏆 Celtic are crowned Champions of Scotland for the FIFTH season in a row!

Huge congratulations to Martin O’Neill and the Bhoys

#Champion5 | #CelticFC🍀🏆

[Brandon @__BM88_]

We can all laugh now wait until they get this takeover