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[News] Well done southern water



R

rippleman

Well-known member
Oct 18, 2011
4,574
No water supply at all in BN11 or BN14.

Southern Water not answering the telephone so unable to get any indication of when the water will be restored.

Bound to happen as Southern Water has failed to invest in repairing and updating the pipes and sewers. Too busy lining the pockets of their managers and shareholders to reinvest in the infrastructure. The Victorians did us proud but the hardware has to be replaced sometime.

Time to nationalise the water supply system.
 




H

Huple

Unregistered
May 28, 2008
798
Standish Sanatarium
rippleman said:
No water supply at all in BN11 or BN14.

Southern Water not answering the telephone so unable to get any indication of when the water will be restored.

Bound to happen as Southern Water has failed to invest in repairing and updating the pipes and sewers. Too busy lining the pockets of their managers and shareholders to reinvest in the infrastructure. The Victorians did us proud but the hardware has to be replaced sometime.

Time to nationalise the water supply system.
Click to expand...

Another lefty wanting to nationalise everything. The ghost of Harold Wilson walks amongst us
 




clapham_gull

clapham_gull

Legacy Fan
Aug 20, 2003
25,338
Huple said:
Another lefty wanting to nationalise everything. The ghost of Harold Wilson walks amongst us
Click to expand...
...and of course the vast majority of Conservative voters who like to see the water companies back in public ownership.

Do keep up.


Sent from my SM-A526B using Tapatalk
 






BN9 BHA

BN9 BHA

DOCKERS
NSC Patron
Jul 14, 2013
21,563
Newhaven
F67BF858-1E6A-4837-9032-8BB393E449B7.jpeg

More political arguments :moo:
 


R

rippleman

Well-known member
Oct 18, 2011
4,574
Huple said:
Another lefty wanting to nationalise everything. The ghost of Harold Wilson walks amongst us
Click to expand...

Clearly you don't understand that Southern Water operates a monopoly. You don't appear to understand that the profits of privately owned utilities are not reinvested in infrastucture but are paid out to managers and shareholders. In which case, I'm sorry, but I can't help you.
 


R

rippleman

Well-known member
Oct 18, 2011
4,574
An update.

Southern Water finally answered the telephone. They know there is a problem but their technicians don't know what the problem is and therefore can't give any indication of when the water is likely to be restored.
 




Doonhamer7

Doonhamer7

Well-known member
Jun 17, 2016
1,285
rippleman said:
Clearly you don't understand that Southern Water operates a monopoly. You don't appear to understand that the profits of privately owned utilities are not reinvested in infrastucture but are paid out to managers and shareholders. In which case, I'm sorry, but I can't help you.
Click to expand...

You obviously don’t understand how water companies are funded and regulated, they are monopolies but OFWAT puts requirements on them on their 5 year AMP plans. Without privatisation all the inefficiency would still be there and the funding debt if all the schemes would be on he national debt not private debt.

Obviously as you have it in for shareholders you don’t have a pension because quests who some of the biggest pension funds like investing in - yes you guessed it utility companies as although not high level of profit it is steady and safe. If Southern Water was still a Quango) (nationalised utility) your bill would be much higher as it would be inefficient
 


Cotton Socks

Cotton Socks

Skint Supporter
Feb 20, 2017
1,732
Huple said:
Another lefty wanting to nationalise everything. The ghost of Harold Wilson walks amongst us
Click to expand...

:mad: And yes water does taste a lot different these days! It tastes like crap if you happen to swallow it in a area where Southern Water have illegally dumped it. It tastes like chlorine in certain parts of Brighton, to get a contrast.
 


Thunder Bolt

Thunder Bolt

Silly old bat
Aug 18, 2009
65,519
Beside the seaside, beside the sea




Eeyore

Eeyore

Colonel Hee-Haw of Queen's Park
NSC Patron
Apr 5, 2014
23,592
Huple said:
Water has less taste nowadays…. Explain that then
Click to expand...

The water companies have a lot of debt, Large debt that has led to borrowings. Earnings from household and business charges covers their capital expenditure.

Given that the companies have paid out billions in dividends we therefore conclude they have been borrowing to pay dividends and not investing as they should in infrastructure.

Privatisation of water wasn't just wrong, it was immoral and has continued to be so.

Please show me where my conclusion is wrong.

(I am not against all privatisation of public utlility- that would be hypocritical given that I have investments in transport providers. But I would never invest in water on principle).
 


Seaview Seagull

Seaview Seagull

Well-known member
NSC Patron
Mar 1, 2021
496
Doonhamer7 said:
You obviously don’t understand how water companies are funded and regulated, they are monopolies but OFWAT puts requirements on them on their 5 year AMP plans. Without privatisation all the inefficiency would still be there and the funding debt if all the schemes would be on he national debt not private debt.

Obviously as you have it in for shareholders you don’t have a pension because quests who some of the biggest pension funds like investing in - yes you guessed it utility companies as although not high level of profit it is steady and safe. If Southern Water was still a Quango) (nationalised utility) your bill would be much higher as it would be inefficient
Click to expand...

Natural monopolies like water should never have been privatized. No doubt you believe that competition is good for efficiency and you may be right but there is no competition in water. Southern have a shocking record particularly on discharging sewage into rivers etc so I'm afraid regulation just isn't working. In any case regulation could be applied to a publically owned entity.
 


DavidinSouthampton

DavidinSouthampton

Well-known member
NSC Patron
Jan 3, 2012
16,597
Doonhamer7 said:
You obviously don’t understand how water companies are funded and regulated, they are monopolies but OFWAT puts requirements on them on their 5 year AMP plans. Without privatisation all the inefficiency would still be there and the funding debt if all the schemes would be on he national debt not private debt.

Obviously as you have it in for shareholders you don’t have a pension because quests who some of the biggest pension funds like investing in - yes you guessed it utility companies as although not high level of profit it is steady and safe. If Southern Water was still a Quango) (nationalised utility) your bill would be much higher as it would be inefficient
Click to expand...

And of course they’re very good with sewage!!!!!!

I’m afraid I don’t buy the “privately owned means more efficient” thing! How about the Railways!
 




Thunder Bolt

Thunder Bolt

Silly old bat
Aug 18, 2009
65,519
Beside the seaside, beside the sea
Brighton Lines said:
The water companies have a lot of debt, Large debt that has led to borrowings. Earnings from household and business charges covers their capital expenditure.

Given that the companies have paid out billions in dividends we therefore conclude they have been borrowing to pay dividends and not investing as they should in infrastructure.

Privatisation of water wasn't just wrong, it was immoral and has continued to be so.

Please show me where my conclusion is wrong.

(I am not against all privatisation of public utlility- that would be hypocritical given that I have investments in transport providers. But I would never invest in water on principle).
Click to expand...

Agree 100%. Water is a basic of life, and should never be run with profits in mind.
 


Weststander

Weststander

Well-known member
NSC Patron
Aug 25, 2011
64,057
Withdean area
Exponential price increases from Southern Water, way above general inflation, over the last 30 years. A steady creep in prices, under the radar, because it’s not one of the major bills - mortgage, groceries, council tax and car fuel.

I’m not a devout socialist by any means, but what is the point, the advantage to us from Southern Water being nationalised?
 


Publius Ovidius

Publius Ovidius

Well-known member
Jul 5, 2003
46,044
at home
I had a couple of nasty skin procedures at the Nuffield yesterday and noticed that the water main opposite the entrance was broken and gushing water

I wonder if that is linked?
 










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