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October 4 2022 4.44am

Re-nationalized

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View Matov's Profile Matov Flag 29 Aug 22 3.18pm Send a Private Message to Matov Add Matov as a friend

Originally posted by Stirlingsays

Energy independence isn't possible in the near to even mid-term future...even if we took expensive stops now.


I agree. But that is still not an excuse for it not to be started now as a national goal. Something people really could get behind. Vast gas fields off the NW coast, huge oil reserves, building nuclear power plants, a national research drive into solar. Energy autarky should be an absolute given for any nation worthy of calling itself one.

And as to those people who own our water industry. Aussie and Arabs. With the ever-so-trustworthy Chinese thrown in for good measure. Says it all.

 


"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.

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View cryrst's Profile cryrst Online Flag The garden of England 29 Aug 22 4.48pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by steeleye20

We want nationalised concerns to be efficient that's the point.

It cannot be the bad old days of British rail, it doesn't have to be.

Rail is already being re-nationalised by the tories although they don't like to admit it.

These industries should appear as assets on the nations balance sheet owned by us and part of our wealth.

Water, for example, is life, it should be ours not private share-holders.

Rant over.


Why make them Ďassetsí if they are never going to be sold?

 

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View cryrst's Profile cryrst Online Flag The garden of England 29 Aug 22 4.52pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by steeleye20

Thames Water is an Australian-led consortium (strewth).

The Abu Dhabi Investment Authority.
The China Investment Corporation.
The Canada pensions Group.
Kuwaiti investment Authority, and so on various others.

Of course they take a direct personal interest in the environment and clean water for British consumers. (satire)

The Abu Dhabi Investment Authority in particular offers expertise in water leakage technology.(?)

In March 2017 a judge imposed a record fine of £20.3m on Thames Water after large leaks of untreated sewage, totalling 1.4bn litres, occurred over a number of years.

Well Margaret's not here, John Major is as quiet as a church mouse, but I think she would do something about it.

What about most peoples pensions wrapped up in some capacity no matter how little.
Including state workers I would imagine. When these companies are nationalised what happens to the shares that our pensions are invested in or does that not matter as long as gas and electric doesnít peak and trough in price; as it always has.

 

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View JRW2's Profile JRW2 Flag Dulwich 29 Aug 22 5.05pm Send a Private Message to JRW2 Add JRW2 as a friend

Originally posted by cryrst

What about most peoples pensions wrapped up in some capacity no matter how little.
Including state workers I would imagine. When these companies are nationalised what happens to the shares that our pensions are invested in or does that not matter as long as gas and electric doesnít peak and trough in price; as it always has.

At worst, shares could be cancelled without compensation, but unless Jeremy Corbyn, John Mcdonnell or another left-wing maniac were in charge, that wouldn't happen. Likeliest outcome is the issue of government debt to shareholders. What would almost certainly not happen is a cash payment equivalent to the market price before the announcement.

 

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View steeleye20's Profile steeleye20 Flag Croydon 29 Aug 22 5.47pm Send a Private Message to steeleye20 Add steeleye20 as a friend

Originally posted by JRW2

At worst, shares could be cancelled without compensation, but unless Jeremy Corbyn, John Mcdonnell or another left-wing maniac were in charge, that wouldn't happen. Likeliest outcome is the issue of government debt to shareholders. What would almost certainly not happen is a cash payment equivalent to the market price before the announcement.

As a 'left wing maniac' I don't see why the taxpayer, who these outfits have been milking for many years, should pay any compensation at all.

They can get lost.

 

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View cryrst's Profile cryrst Online Flag The garden of England 29 Aug 22 7.21pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by steeleye20

As a 'left wing maniac' I don't see why the taxpayer, who these outfits have been milking for many years, should pay any compensation at all.

They can get lost.

So what about if itís your future at stake in shares.
Would that be okay with you ?

 

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