>“If we don’t find a solution to it, then there is a good chance that we will go into SAR,” he said, referring to a special administration regime, a type of emergency nationalisation for companies providing essential public services.
Don’t threaten me with a good time
SpaceNuggetImpact on
Translation, will skip town and fob our dept of to the public if we can’t continue mugging you
Groovy66 on
As a great man once said
Oh dear. How sad. Never mind.
MarcusSuperbuz on
I suspect their customers are all out of fucks to give.
OriginUnknown82 on
The same Thames Water that paid out bonus’ using funds from its emergency loan? Do they think that each day we forget what has happened in previous days?
Historical_Exchange on
Oh no! The water will be controlled by the people actually drinking it. Whatever will we do! /s
Rorydinho on
If you invested in this farce, or lent to it, you should step up and face the music you charlatans.
I do have sympathy for those whose pension providers have invested in Thames Water though. However, we shouldn’t have to pay elevated water rates and sacrifice our livelihoods to sustain yours.
Particularly so, as by the time I retire, I expect the welfare state to be a shadow of what we have now. Including a considerably less valuable state pension (perhaps even non-existent).
We have boomers and Gen X protecting boomers and Gen X with this and it’s at the expense of Millenials and Gen Z. We shouldn’t be tolerating this.
The government should be nationalising the company without recompense to the charlatans who have clearly exploited and profited from the moral hazard here.
wkavinsky on
So . . . we can not get the fines and not own the assets, or we can not get the fines and own the assets?
OK, guess we’ll take the assets then.
Bravelobsters on
Feels like this should be an internal memo for the board than a news article cause nationalisation is only scary for them and their bonuses.
InsideOutCosmonaut on
Can anyone, literally anyone opposed to nationalisation tell me why it would be bad?
TheGrackler on
Stop, I’ve told you I want you fined, you don’t have to convince me!
Own-Nefariousness-79 on
Then let’s re-nationalise our water. Run the service for the consumers, not for the profit of the investors.
redalgee on
capitalism is about taking risk and I have no empathy for them losing on their risk. What do they want? An awww didums?
Plane_Violinist_9909 on
I don’t understand why these tools haven’t been punished for fraud.
Helpful_Talk on
How about we nationalise, remove fines, then lock up management for their crimes
Definitely_Human01 on
Little known fact:
You don’t have to pay fines for dumping sewage into our rivers if you don’t dump sewage into rivers to begin with.
I’ve just shown more sense for free than those executives did with their bonuses to retain “talent”
martzgregpaul on
It will only be temporary nationalisation until Farage or whatever lackwit the Tories pick sell it to their friends again at the earliest opportunity
LeastFox8059 on
YES!! Nationalise!! Privatisation of the essential services is what led us to this mess. Reverse it!! All of it!! Nationalise Water, Energy, Mass Public Transportation etc. The Privatisation of all these services was the ruin of the UK.
andrew0256 on
And? How is this our problem? Thames Water go broke, and the state steps in to continue providing what is probably the most important basic utility.
Yet again we are picking up Thatcher’s tab but it would be another step on the road back to public ownership of life’s necessities.
missingpieces82 on
Fine them ten billion pounds, arrest every single shareholder and boss, throw them in jail, and strip away all their assets.
In Victorian times, if a business owner fucked up, they’d end up destitute, lose everything, and probably see themselves and their family forced into the poor house. Time to bring shit back like that for these gold plated bastards.
Electronic_Cream_780 on
Good. It was a stupid idea to privatise water anyway. All the cons of privatisation (making money being top, investment being bottom) and none of the pros (competition)
panguy87 on
Good, as it should be, you don’t get to mismanage a utility company, get fined for it, then get let off because oh you need to stay private and screw the consumers further
Minorshell61 on
How are none of these people facing life in prison for robbing the tax payer of billions and breaking infrastructure like this?! How do they live with themselves.
HollowCrown on
Oh, no, not dirty communist nationalisation, what ever shall we do?
Foreign_Plate_4372 on
privatisation was tory dogma, the public sector was costly and inefficient, the private sector was perfect and would provide better services for a lower cost.
of course they didn’t factor in foreign owners bleeding these services to death
25 commenti
>“If we don’t find a solution to it, then there is a good chance that we will go into SAR,” he said, referring to a special administration regime, a type of emergency nationalisation for companies providing essential public services.
Don’t threaten me with a good time
Translation, will skip town and fob our dept of to the public if we can’t continue mugging you
As a great man once said
Oh dear. How sad. Never mind.
I suspect their customers are all out of fucks to give.
The same Thames Water that paid out bonus’ using funds from its emergency loan? Do they think that each day we forget what has happened in previous days?
Oh no! The water will be controlled by the people actually drinking it. Whatever will we do! /s
If you invested in this farce, or lent to it, you should step up and face the music you charlatans.
I do have sympathy for those whose pension providers have invested in Thames Water though. However, we shouldn’t have to pay elevated water rates and sacrifice our livelihoods to sustain yours.
Particularly so, as by the time I retire, I expect the welfare state to be a shadow of what we have now. Including a considerably less valuable state pension (perhaps even non-existent).
We have boomers and Gen X protecting boomers and Gen X with this and it’s at the expense of Millenials and Gen Z. We shouldn’t be tolerating this.
The government should be nationalising the company without recompense to the charlatans who have clearly exploited and profited from the moral hazard here.
So . . . we can not get the fines and not own the assets, or we can not get the fines and own the assets?
OK, guess we’ll take the assets then.
Feels like this should be an internal memo for the board than a news article cause nationalisation is only scary for them and their bonuses.
Can anyone, literally anyone opposed to nationalisation tell me why it would be bad?
Stop, I’ve told you I want you fined, you don’t have to convince me!
Then let’s re-nationalise our water. Run the service for the consumers, not for the profit of the investors.
capitalism is about taking risk and I have no empathy for them losing on their risk. What do they want? An awww didums?
I don’t understand why these tools haven’t been punished for fraud.
How about we nationalise, remove fines, then lock up management for their crimes
Little known fact:
You don’t have to pay fines for dumping sewage into our rivers if you don’t dump sewage into rivers to begin with.
I’ve just shown more sense for free than those executives did with their bonuses to retain “talent”
It will only be temporary nationalisation until Farage or whatever lackwit the Tories pick sell it to their friends again at the earliest opportunity
YES!! Nationalise!! Privatisation of the essential services is what led us to this mess. Reverse it!! All of it!! Nationalise Water, Energy, Mass Public Transportation etc. The Privatisation of all these services was the ruin of the UK.
And? How is this our problem? Thames Water go broke, and the state steps in to continue providing what is probably the most important basic utility.
Yet again we are picking up Thatcher’s tab but it would be another step on the road back to public ownership of life’s necessities.
Fine them ten billion pounds, arrest every single shareholder and boss, throw them in jail, and strip away all their assets.
In Victorian times, if a business owner fucked up, they’d end up destitute, lose everything, and probably see themselves and their family forced into the poor house. Time to bring shit back like that for these gold plated bastards.
Good. It was a stupid idea to privatise water anyway. All the cons of privatisation (making money being top, investment being bottom) and none of the pros (competition)
Good, as it should be, you don’t get to mismanage a utility company, get fined for it, then get let off because oh you need to stay private and screw the consumers further
How are none of these people facing life in prison for robbing the tax payer of billions and breaking infrastructure like this?! How do they live with themselves.
Oh, no, not dirty communist nationalisation, what ever shall we do?
privatisation was tory dogma, the public sector was costly and inefficient, the private sector was perfect and would provide better services for a lower cost.
of course they didn’t factor in foreign owners bleeding these services to death
or did they?