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GreatAlbatross ( GreatAlbatross@feddit.uk ) M to United Kingdom@feddit.ukEnglish · 2 years ago

Thames Water nationalisation plan could move bulk of £15bn debt to state

www.theguardian.com

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Thames Water nationalisation plan could move bulk of £15bn debt to state

www.theguardian.com

GreatAlbatross ( GreatAlbatross@feddit.uk ) M to United Kingdom@feddit.ukEnglish · 2 years ago
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Exclusive: Under Whitehall blueprint for water company some lenders could lose up to 40% of their money
  • BirdyBoogleBop ( BirdyBoogleBop@lemmy.dbzer0.com ) 
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    2 years ago

    deleted by creator

    • ᴇᴍᴘᴇʀᴏʀ 帝 ( Emperor@feddit.uk ) 
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      2 years ago

      Communism for the rich, capitalism for the poor.

      • n3m37h ( n3m37h@lemmy.dbzer0.com ) 
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        2 years ago

        Socialism for the rich and capitalism for the poor. - FIFY

        “A communist society would entail the absence of private property”

    • apis ( apis@beehaw.org ) 
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      2 years ago

      Aye, it is a whole thing.

      All of the “safeguards” they used to get the public to accept privatisation back in the day were sleights of hand.

    • Chariotwheel ( Chariotwheel@kbin.social ) 
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      2 years ago

      I like to mention it often, but in Germany state run water companies run self-sufficient and even make money to invest in keeping the infrastructure alive. In my city we have a water loss of less than 2% due to well maintained pipes. Thames Water is losing like 25%!

      I still can’t believe how this company got to grift the British people in broad daylight and is now asking for more to grift and government in charge still wants more of this.

      • HumanPenguin ( HumanPenguin@feddit.uk ) 
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        2 years ago

        Thames is the worst for loss. They claim its due to serving London. The age of the city and difficulty accessing many pipes due to shouting down traffic.

        Sorta sounds reasonable. Untill you look at how much money has been taken out. Its clearly more about profit.

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