Ministri che intensificano i preparativi per la rinascita dell’acqua del Tamigi
https://www.theguardian.com/business/2025/jun/19/thames-water-renationalisation-preparations
di corbynista2029
Ministri che intensificano i preparativi per la rinascita dell’acqua del Tamigi
https://www.theguardian.com/business/2025/jun/19/thames-water-renationalisation-preparations
di corbynista2029
9 commenti
>indicating it will reject pleas from the company’s creditors for leniency from fines and penalties.
>
>..
>
>“Thames Water must meet its statutory and regulatory obligations to their customers and to the environment,” he said. “It is only right that the company is subject to the same consequences as any other water company.
Haha get fucked. Good on the government.
Renationalize them when it collapses. Don’t give the parasites that own the shares a penny. I don’t give a shit if they’re pension funds or school funds or whatever, those shareowners let an absolutely disgraceful set of directors and executives ruin the company and the environment and make it unsustainable in order to pay more dividends and shouldn’t be rewarded for that.
This is good but it’s only half of what’s needed: share holders and bond holders must be wiped out. If you fail to run a company, you can’t rely on the government to save you.
I heard a BBC Radio 4 report about this. People are raging about the government but that’s not fair. Voters who allowed our public resources to be privatized are responsible for this. Boomers thought they’d be in for a big payday if they supported it and they have extracted huge wealth through water, council housing, and transportation that all used to belong to the taxpayer.
Renationalisation is going to cost an absolute fortune. We are paying to renationalise something we used to own. We’re already doing it with the railways. It’s not just buying the companies back. Their owners took good companies and loaded them up with debt. So we’re in line to take on the debt too.
The ideal solution would be to find an investor for Thames Water but no investor wants to take on so much expense and also be subjected to stricter regulations.
So they only solution is for the taxpayer to buy the company. It is huge, huge expense. And then we’ll have to pay to upgrade all the infrastructure to be suitable for a huge increase in customers since the company was originally privatized. We are screwed.
if gov nationalises them, would it fine itself for the breaches? cuz you could perhaps fine TW almost every day …
So the government are going to let the shares crash out and then buy it for £1 right?
Save money..
Just wait for it to go bankrupt
Pay pennies on the pound.
Fuck the shareholders
I’m still not sure *why* we chose to privatise natural monopolies towards the end of the 20th century beyond a vague “privatisation is always good” vibe.
Because nationalisation famously always leads to an increase in investment & spending in that sector /s
It’s essentially just an accounting change, instead of direct private shareholders the government will issue more gilts to cover the debt incurred, largely from the very same financial institutions and pension funds that are currently the direct shareholders.