Not sure what i fundamentally but at least i can say it's not coherent sentences.
plan for collapse of Thames Water
- Thread starter Mrwong
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Yep - Listen to todays r4 interview with inane OFWAT who are permitting these rises without more performance constraints on the board ... interviewer basically said how long do you think you will be in a job ?
Starmer needs to pull his finger out like with OFGEM (& green tax) and control these quangos, who seem to be self rather than consumer serving.
I've listened to quite a few interviews and comments today and even though _I_ think the rug is finally going to be pulled from under the feet of these charlatans, I know deep down, this will just not happen. The government / sector / interested party is utterly impotent in correcting any of this.
"Har har, your bills are going up and there is absolutely nothing anyone is going to do about it."
"Har har, your bills are going up and there is absolutely nothing anyone is going to do about it."
Soldato
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All that money stashed away in trust funds in the Seychelles, I'm sure they're crying all the way to the bank. Not to worry customers are sure to cough up even more money from their empty bank accounts to cover it.
Soldato
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And that lack of investment back when it was publicly owned is what resulted in privatisation....
It will be run by the same people who run it now, as they're the only ones who know how it all works (or is designed to work). The staff will be taken on as employees of the government and it will be business as usual, for them.
It does raise funds. The idea is for the shareholders to not then take the money and run, though.I always thought selling shares was meant to raise funds to invest in a company, but now customers are being asked to pay more for future promises.
Of course. This was not a pop at operations, engineers, contractors etc. It was directed at the owners and shell owners of these companies irrespective whether hands were tied or not regarding actual investment in to the sector. Another bonus of nationalisation would be to remove all that bloat and propensity for malfeasance. Although, as I pointed out, the confidence in whatever then came next is not high.
Soldato
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The malfeasance will remain. It's what got us privatised.
The ONLY difference is that you'll be blaming government mishandling (again) instead of private ower mishandling.
I don't disagree but at least there would be full accountability to the tax-payer (hah)!
Hee hee, more revelations from Thames Water.
www.theguardian.com
Not really much more to add except the continuing complete dumbfoundness at the business behaviour of this company. I'm not sure what faith, if any existed at all, can be given towards the current direct management of this company. Any pretence of honesty or integrity to truly turn around this company seems utterly lost. Milked, ad nauseam.
Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses
Exclusive: UK’s biggest water company assessed risks before cutting back on cost of environmental work, investigation shows
www.theguardian.com
Bill rises confirmed. Going to be fun with everything else going ever upwards.
news.sky.com
Water bills in England and Wales to rise by average of £10 per month
Households now have a much better idea of their bill increases from April, which will rise at a time when many other bills are also tipped to go up sharply.
Surprised its getting pushed on Wales as I thought their's was nationalised. I was wondering if they were going to try and push this onto other parts of the UK like Scotland (which is going up almost 10% next financial year)
It's not nationalised, it's run as a non-profit
It’s almost like inflation is a real thing.
Associate
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Hee hee, more revelations from Thames Water.
Not really much more to add except the continuing complete dumbfoundness at the business behaviour of this company. I'm not sure what faith, if any existed at all, can be given towards the current direct management of this company. Any pretence of honesty or integrity to truly turn around this company seems utterly lost. Milked, ad nauseam.Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses
Exclusive: UK’s biggest water company assessed risks before cutting back on cost of environmental work, investigation shows
That seems to be an article about basically nothing.
"This could be seen as a breach of the company’s licence commitments and leave it vulnerable to accusations it had broken the law, according to sources and material seen by the Guardian"
If it's confirmed a breach then there is a story. The above is just opinion.
Various other news sources and the regulator (who fined Thames over unjustified dividends) seemed to have had the same opinion that bonuses were being paid / diverted from the investment funds raised by customers bills as opposed from the owners / investors of the company. But yeah, I concede TG is pretty heavy on opinion pieces.
Soldato
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Sourthern water 50% rise near enough. As if they weren't high enough already they're already double what they were less than a decade agoBill rises confirmed. Going to be fun with everything else going ever upwards.
Water bills in England and Wales to rise by average of £10 per month
Households now have a much better idea of their bill increases from April, which will rise at a time when many other bills are also tipped to go up sharply.
Its funny I could have sworn it wasn't that last time I looked it must have gone up a bit since then
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Oof.
I had a meter fitted and have been saving a few quid compared to a fixed rate monthly.
Joy of joys to know here is what Severn Trent are doing.
Fixed Rate (Combined) = +21.4% increase
Metered Rate (Combined) = +28.7% increase (Water supply charge on it's own is going up +40.8%!)
Theres reward for you trying to be responsible and save water.
**** Private Water!
Zero investment and zero policing. It's going straight into foreign investors pockets
Joy of joys to know here is what Severn Trent are doing.
Fixed Rate (Combined) = +21.4% increase
Metered Rate (Combined) = +28.7% increase (Water supply charge on it's own is going up +40.8%!)
Theres reward for you trying to be responsible and save water.
**** Private Water!
Zero investment and zero policing. It's going straight into foreign investors pockets