plan for collapse of Thames Water

n111ck said:
You want people to die because you cant choke back tears whilst singing Oh Jeremy at the top of your voice.. lol pathetic.
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No? I want people to die painful preventable deaths because of the collapse of the nhs and lack of police force in the UK because people voted on mass for these things.

I can sing Oh Jeremy Corbyn when ever and wherever, it’s brings me great joy that he’s living in your head rent free it seems.
 
n111ck said:
Lefties make me laugh - whinge on about the state of services under public ownership whilst demanding more public ownership.

As if a change of government will suddenly reboot the public sector.

The issue here is the regulator and the public having unrealistic expectations over their contributions.
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Righties make me laugh...
 
n111ck said:
The issue here is the regulator
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The regulator that was conceived and initiated by a government ideologically wedded to turning a private buck from nationally owned natural monopolies, providing basic human necessities, selling something back to people that already own it at the proposed expense of those that don't buy back in?

What could possibly have gone wrong with that plan? It sounds so good when you say it out loud.
 
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n111ck said:
Lol lefties :D
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I just want a competent government with people who are not criminals and who don't blatantly lie (yes they are always economical with the truth but that is slightly different).............. at this point i am not interested in whether left, right or somewhere in the middle.

but right now there is only 1 realistic option other than the shysters we currently have and that is labour.

if Thames water collapses and the tax payer has to carry the can, the investors should leave with nothing and the government take control........ but i somehow dont see people involved ending up bancrupt, am sure they will still end up with decent payoffs at the end
 
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inogen said:
The regulator that was conceived and initiated by a government ideologically wedded to turning a private buck from nationally owned natural monopolies, providing basic human necessities, selling something back to people that already own it at the proposed expense of those that don't buy back in?

What could possibly have gone wrong with that plan? It sounds so good when you say it out loud.
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September 21

www.theguardian.com

Sewage discharge rules eased over fears of chemical shortage

Wastewater plants in England offered waiver because of impact of lorry driver crisis
www.theguardian.com www.theguardian.com
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October 21

news.sky.com

Environment Bill: Government U-turn over water firms dumping raw sewage after fierce backlash

The change in direction comes after several Tory MPs faced a huge backlash from constituents when they voted down the amendment to the Environment Bill tabled by the Lords last week.
news.sky.com news.sky.com
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Feb 23

www.theguardian.com

High court grants hearing on ‘weak’ plan to cut England sewage discharges

Good Law Project to argue government scheme will lead to raw sewage being discharged into waterways for decades
www.theguardian.com www.theguardian.com
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www.carvemag.com

Every UK MP who voted to ALLOW water companies to continue dumping RAW SEWAGE in rivers and the sea - Carvemag.com

List of shame
www.carvemag.com www.carvemag.com
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200sols said:
Going to be many companies caught pants down with debt to refinance, just like the mortgage thread it isnt always their fault either.
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Water wise i am less angry about issues due to the current financial mess than i am the decades of under investment in the infrastructure whilst paying billions in dividends to shareholders. IIRC back in the day one of the arguments for privatisation would be the huge influx of money into modernising and improving the infrastructure (becasue presumably in the long term would make it more profitable) which turned out to be utter nonsense.
 
bigmike20vt said:
Water wise i am less angry about issues due to the current financial mess than i am the decades of under investment in the infrastructure whilst paying billions in dividends to shareholders. IIRC back in the day one of the arguments for privatisation would be the huge influx of money into modernising and improving the infrastructure (becasue presumably in the long term would make it more profitable) which turned out to be utter nonsense.
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honestly, where did you think those extra profits would be made ? all those unconvinced potential new customers out there refusing to buy commie water beforehand all those years ? or maybe all water needed was a good private marketing team to come up with new water zero ?
 
hurfdurf said:
This is what the UK British public want, this is what they shall get. I hope more critical assets in the UK are stripped of all value, including the NHS, ran poorly, and British people start to actually die due to it, it is after all, what the public want, as anything else would be evil socialism.
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You're sadly not wrong. Much of the public do want the Tories, still, after everything.

Down here (SW), the people who voted Tory last time are pretty much set on voting Tory again next time. When you talk to them, you mostly hear the same thing. "Labour would be worse - much worse - and other parties would be a wasted vote."

It's all about not having a Labour government. It's become so tribal, that so long as voting Tory isn't actually a criminal offense punishable by death, the voters down here will vote Tory just to spite "lefties".

I don't think there's much reasoning beyond this simple tribal affiliation that many voters seem to have. Just like the US of A. The common theme being we both have FPTP, and it's the absolute worst electoral system ever, if grown-up politics is your aspiration.
 
Don't bail it out. Let it fail and then the government take it over after bankruptcy. I don't want the tax payer paying off these loans either directly or indirectly.

Do this to all of the privately run infrastructure companies as they fail.
 
Hades said:
Don't bail it out. Let it fail and then the government take it over after bankruptcy. I don't want the tax payer paying off these loans either directly or indirectly.

Do this to all of the privately run infrastructure companies as they fail.
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The trouble with that is likely all the culprits will have bailed out with the profits and the shareholders left over will be heavily tied into things like pensions
 
Sythe79 said:
The trouble with that is likely all the culprits will have bailed out with the profits and the shareholders left over will be heavily tied into things like pensions
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Buying shares carries risk. In this case it didn't work out. There is no automatic right to profit when buying shares. But I appreciate you are talking about pension funds where people don't know what they are invested in.
 
A pension scheme shouldn’t be materially invested in any one company. If themes water go bust it should not have any more than a negligible impact.

If it has more than a negligible impact, then the scheme is at fault and the tax payer shouldn’t be picking up that tab.

Let’s not forget that not all of these companies are badly run so let’s not throw the baby out with the bath water.
 
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