Papa Lazarou
Living in a De Zerbi wonderland
I don't see why this government would bother bailing out pension funds now. Liz Truss did more damage to our pensions in a couple of weeks than any number of companies failing.
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Thames Water
- Thread starter kevo
- Start date
Our worst prime minister? But I can’t remember the Victorian ones
.Frightening to think that for 49 days we had a right wing Trump/Bannon-esque buffoon in charge. The proof of her raison d’etre …. her antics in recent months, up to her eyeballs in US right wing bullsh1t.
Pevenseagull
Anti-greed coalition
- Jul 20, 2003
- 19,651
Absolute shits. Shits running the company, shits owning the company and shits in the rivers.
Someone just thumbsed this up from last year. So what happens now the shareholders won't sanction any more infrastructure spending? I fear that my prediction will come true. Well, if it is a labour government that has to bail them out, I trust that it will remain in public ownership.
What a disgrace, though, from the initial privatization to now. How many years have the shareholders been sucking dividends out of the business while the infrastructure is neglected (and I don't care how much money has been spent on infrastructure, the issue is shareholder dividends have depleted the available funds).
That's the risk when a monopoly is transferred from state to private hands. Illegal in America (albeit one assumes the rules are flouted). Sucking money out of a private monopoly then tossing away the husk is almost inevitable. Who knew? And who cared?
Gove has told Thames Water they are a disgrace and will have to sort themselves out without cranking up prices.
Credit where it's due. Well done, Mikey
Credit where it's due. Well done, Mikey