Is Thames Water about to collapse?

[wemakeyousoundb]

'People are right to be angry', says water boss

The boss of Water UK says the UK's system is old and that bill rises proposed should be higher.

www.bbc.co.uk

they're looking for a bailout aren't they?

do you mean "keep creaming the profits while dumping the costs of doing the works onto the taxpayer"?

 

[two sheds]

yes that was the phrase I was looking for

 

[Tropi]

Who would've guessed? As the Flying Lizards once said 'Money (That's What I Want)'

Thames Water lobbied Whitehall to press Ofwat on allowing higher bills

Exclusive: Debt-ridden company also warned officials of ‘chilling effect’ of any renationalisation

www.theguardian.com

 

[stethoscope]

For fucks sake!

Labour in apparent disarray over Thames cleanup plan

Minister approved Thames Water project at location prioritised by Sadiq Khan for wild swimming

www.theguardian.com

The mayor of London, Sadiq Khan, announced plans to prioritise an area of the river in Teddington, south-west London, to make it safe and clean for swimming as part of a new 10-year strategy to reduce pollution in the river and encourage people to spend time in and around it.

Supporting Khan as he made the announcement was the environment secretary, Steve Reed. But Reed just last week approved a controversial scheme to allow Thames Water to pump 75m litres a day of treated sewage into the river at the same spot in Teddington.

 

[cupid_stunt]

For fucks sake!

Labour in apparent disarray over Thames cleanup plan

Minister approved Thames Water project at location prioritised by Sadiq Khan for wild swimming

www.theguardian.com

...allow Thames Water to pump 75m litres a day of treated sewage into the river at the same spot in Teddington.

That's normal, where else is it supposed to go, if not into rivers and the sea?

The problem is when they pump untreated sewage into waterways.

 

[stethoscope]

That's normal, where else is it supposed to go, if not into rivers and the sea?

The problem is when they pump untreated sewage into waterways.

I mean, yes, you're right in that respect. It just looks, er, crap!

 

[kenny g]

I mean, yes, you're right in that respect. It just looks, er, crap!

That's normal, where else is it supposed to go, if not into rivers and the sea?

The problem is when they pump untreated sewage into waterways.

Will probably be full of pharmaceuticals and class A's.

 

[cupid_stunt]

I mean, yes, you're right in that respect. It just looks, er, crap!

That's why the Guardian is going down the pan!

 

[cupid_stunt]

Will probably be full of pharmaceuticals and class A's.

It will be, it's not treated for that, even if it's possible to do.

 

[kenny g]

It will be, it's not treated for that, even if it's possible to do.

Nothing to worry about I'm sure:

£30bn bill to purify water system after toxic impact of contraceptive pill

Drug firms oppose an EU call for controls on potent chemicals that have been blamed for the gender mutation of freshwater fish

www.theguardian.com

 

[ska invita]

Southern Water.... unbelievable story....
This is what happens when all profits are siphoned off

Southern Water considers shipping supplies from Norwegian fjords to UK | Water industry | The Guardian

Contingency plan using sea tankers to deal with future shortages would be paid for from customers’ bills

amp.theguardian.com

 

[cupid_stunt]

Southern Water.... unbelievable story....
This is what happens when all profits are siphoned off

Southern Water considers shipping supplies from Norwegian fjords to UK | Water industry | The Guardian

Contingency plan using sea tankers to deal with future shortages would be paid for from customers’ bills

amp.theguardian.com

Ironically Southern Water, in partnership with Portsmouth Water, is actually currently building the first new reservoir in the UK for 30 years!

About Havant Thicket Reservoir

Why do we need a new reservoir?Havant Thicket Reservoir is first and foremost an environmentally-led project.Its purpose is to protect some of our country’s rarest chalk streams – the River Test and the River Itchen.Southern Water, which supplies our neighbours in West Sussex and Hampshire, is...

havant-thicket-reservoir.uk.engagementhq.com

 

[stethoscope]

Labour used water industry analysis to argue against nationalisation

‘Economically illiterate’ Defra letter sent to anti-sewage groups cites 2018 report commissioned by water companies

www.theguardian.com

"The Social Market Foundation calculated the likely cost of renationalisation to be £90bn, drawing on publicly available data from Ofwat, the London Stock Exchange and the annual accounts of the water companies. Renationalisation would impose a huge burden on the public purse at a time when public finances are already stretched."

Sir Dieter Helm, a leading economist, called the analysis “economically illiterate”.

Moody’s rating agency has disputed this figure and estimated that nationalisation could actually cost £14.5bn – a fraction of the analysis amount.

(the Social Market Foundation is a Tufton Street thinktank)

 

[SpookyFrank]

Labour used water industry analysis to argue against nationalisation

‘Economically illiterate’ Defra letter sent to anti-sewage groups cites 2018 report commissioned by water companies

www.theguardian.com

(the Social Market Foundation is a Tufton Street thinktank)

14.5 billion works out cheaper than a bailout. And presumably that cost would be for compensating shareholders, but those shareholders have invested in non-viable businesses and should be told to go eat shit. Your capital is at risk, remember?