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April 17 2024 7.12am

Water rates

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View Teddy Eagle's Profile Teddy Eagle Flag 28 Mar 24 1.36pm Send a Private Message to Teddy Eagle Add Teddy Eagle as a friend


Good luck to fellow HOLers supplied by Thames Water.
Report is from the BBC not some biased scandal sheet.

[Link]

 

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View silvertop's Profile silvertop Flag Portishead 28 Mar 24 2.07pm Send a Private Message to silvertop Add silvertop as a friend

If they were not burdened by such colossal debt I suspect Labour would nationalise them the instant they came into power.

 

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View steeleye20's Profile steeleye20 Flag Croydon 28 Mar 24 2.21pm Send a Private Message to steeleye20 Add steeleye20 as a friend

No Thames Water.

You have already blown all the money you should have spent on the water system on shareholders.

You get the money back from them.

Britain's privatised water industry the biggest scam in the history of scamming.

 

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View Eaglehamster's Profile Eaglehamster Flag Storrington 28 Mar 24 2.35pm Send a Private Message to Eaglehamster Add Eaglehamster as a friend

Originally posted by steeleye20

No Thames Water.

You have already blown all the money you should have spent on the water system on shareholders.

You get the money back from them.

Britain's privatised water industry the biggest scam in the history of scamming.

Yep. They'll all come to HMG eventually pleading poverty in the face of the infrastructure neglect.
Should NEVER have been privatised.

 


I have now sufficient funds to last me the rest of my life. Provided I don't buy anything.

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Yellow Card - User has been warned of conduct on the messageboards View Hrolf The Ganger's Profile Hrolf The Ganger Flag 28 Mar 24 2.37pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by steeleye20

No Thames Water.

You have already blown all the money you should have spent on the water system on shareholders.

You get the money back from them.

Britain's privatised water industry the biggest scam in the history of scamming.

Agreed. It is a scandal.

What is more scandalous is successive governments allowing a million people a year to enter the country and not upgrading the water system to cope.
I have warned about water supply issues for years. Wait till we are water rationed and the sewage is spilling out of people's toilets and into their houses.

But, but... We need those immigrants.

 

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Yellow Card - User has been warned of conduct on the messageboards View georgenorman's Profile georgenorman Online Flag 28 Mar 24 2.49pm Send a Private Message to georgenorman Add georgenorman as a friend

Yes, energy and water should be in public ownership and run by the state. Unfortunately, that does mean that they will be wasteful, expensive and inefficient - but they are expensive now and not providing a good standard of service.

 

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View Badger11's Profile Badger11 Flag Beckenham 28 Mar 24 3.05pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by silvertop

If they were not burdened by such colossal debt I suspect Labour would nationalise them the instant they came into power.

I have no love for Thames water. One point I don't understand and the media keeps making is that if Thames Water goes bust the taxpayer will face a massive bill, why?

The best thing the government can do is let Thames sort out its own problems. If they go bust then that is on the shareholders and their creditors not the taxpayer.

The public then get an water company debt free and the government can then fund new infrastructure not paying off old debts run up by incompetents.

 


One more point

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View Wilesy01's Profile Wilesy01 Flag Bristol 28 Mar 24 3.44pm Send a Private Message to Wilesy01 Add Wilesy01 as a friend

I hope someone looks at the role of Ofwat in all of this.

Another public regulator who have been utterly useless in holding these charlatans to account.

 

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View Teddy Eagle's Profile Teddy Eagle Flag 28 Mar 24 3.50pm Send a Private Message to Teddy Eagle Add Teddy Eagle as a friend

Thought this an interesting article about water company debt.


[Link]

 

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View Badger11's Profile Badger11 Flag Beckenham 28 Mar 24 4.01pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Wilesy01

I hope someone looks at the role of Ofwat in all of this.

Another public regulator who have been utterly useless in holding these charlatans to account.

Aren't they all useless OFCOM, OFGEM, OFFMEHEAD etc.

They seem to be there to protect the business rather than the consumer.

 


One more point

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View HKOwen's Profile HKOwen Flag Hong Kong 28 Mar 24 9.52pm Send a Private Message to HKOwen Add HKOwen as a friend

Water should never have been privatised

 


Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

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View Badger11's Profile Badger11 Flag Beckenham 29 Mar 24 6.42am Send a Private Message to Badger11 Add Badger11 as a friend

It seems the media is now asking why the taxpayer should foot the bill if Thames go under. Too right this is capitalism you can't privatise a company with the guarantee that if it goes bust the shareholders will be bailed out.

 


One more point

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