MickiQ
In My Defence I was left Unsupervised
I remember them nationalising this one a couple of years back
Sheffield Forgemasters - Wikipedia
Haven't they nationalised (at least temporarily a couple of train operators?)
Is Thames Water about to collapse?
- Thread starter Bingoman
- Start date
Haven't they nationalised (at least temporarily a couple of train operators?)
MickiQ
In My Defence I was left Unsupervised
Not so sure about that myself. I agree with you that large scale nationalisation Corbyn style is a non-starter these days, I'm not convinced that even a Starmer led Labour Govt forced to nationalise a utility would immediately resell it as soon as possible though. I think it's more likely that they would keep hold of things like water and rail. It's in their draft proposals at least to take the railways back as contracts expire. Things like energy suppliers which are doing fine (profit wise at least) aren't going to get nationalised though.
chilango
Hypothetical Wanker
As teenage dreams go, renationalising water is hard to beat.
Pickman's model
Starry Wisdom
You can trust everything shammer says to be changed
On the other hand, the market and competition and stuff have made our water bills super low.
Oh.
tony.c
Well-Known Member
andysays
Love and solidarity
I'd forgotten that, TBH, but I suspect that wasn't the government being referred to.
PR1Berske
Alligator in chains by the park gates.
Dŵr Cymru is not-for-profit.
a_chap
When the world came apart, where were you?
I used to visit Clearwater Court in Reading (Thames Water's head office) when I worked for another company in the group.
The amount of money spent on those offices was, er.... just a little excessive IMO
Anyway, I was going to say that they did employ some pretty clever people. However, the management was unbelievably complacent. Not to say incompetant too.
The amount of money spent on those offices was, er.... just a little excessive IMO
Anyway, I was going to say that they did employ some pretty clever people. However, the management was unbelievably complacent. Not to say incompetant too.
BassJunkie
Clams on the half shell, and roller skates.
I was thinking of railway companies. Don't get me wrong, I'm not applauding the actions of the government. More, laughing at their perfidious, utter hypocrisy.
AnnaKarpik
Queen of all she surveys
One to watch might be South West Water, owned by Pennon Group who are proud as Punch about their sector-leading dividends at 10.9%. The head honcho was sufficiently embarrassed about dumping sewage in the sea to forgo her almost £500k bonus and word is that the water will run out during the summer, in Cornwall at least. There's a Devon MP calling for investigation of their affairs and a couple of enquiries ongoing about sewage dumps. Someone in Head Office is certainly crunching the numbers to calculate the point at which it is more advantageous to throw in the towel.
Bahnhof Strasse
Met up with Hannah Courtoy a week next Tuesday
When I lived in Walton-on-Thames we had Southern Water, now I live by the furthest navigable bit of the River Wey from the Thames, we have Thames as our supplier. It's all just such a crock of shit.
Tooter
Well-Known Member
nationalise the debt, Privatise the profit. They shouldn't get a bean.....exactly what they expect. Those responsible should be hunted down and held to account.
Tooter
Well-Known Member
Listening to Feargal Sharkey on LBC was vary enlightening... Listen from here Link to interview
" Water companies have an operating license, in order to revoke that licence the government have to give the water companies 25 years notice...
Loaned companies 25 years worth of profits paid through to themselves as dividends in effect mortgaged the profit for the company for the next 25 years. Not only that but with accruing these huge debts they can then charge interest on the debt helping themselves again."
14 billion debt for Thames water. Various shell companies set up etc....Look at KEMBLE WATER FINANCE LIMITED. Carrying £21.7 billion pounds of debt. When Thames was privatised in 89 it was debt free.
Thames water is the tip of the iceberg"
we've been fleeced. Again. and people are crying out for us to bail out a company that has been asset stripped and leveraged to high heaven. The government are more broke than Thames water
" Water companies have an operating license, in order to revoke that licence the government have to give the water companies 25 years notice...
Loaned companies 25 years worth of profits paid through to themselves as dividends in effect mortgaged the profit for the company for the next 25 years. Not only that but with accruing these huge debts they can then charge interest on the debt helping themselves again."
14 billion debt for Thames water. Various shell companies set up etc....Look at KEMBLE WATER FINANCE LIMITED. Carrying £21.7 billion pounds of debt. When Thames was privatised in 89 it was debt free.
Thames water is the tip of the iceberg"
we've been fleeced. Again. and people are crying out for us to bail out a company that has been asset stripped and leveraged to high heaven. The government are more broke than Thames water
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cesare
shady's dreams ♥
See also banks during 2009/10 bank incurred recession
cesare
shady's dreams ♥
and operated by gameboy controllers.I remember them nationalising this one a couple of years back
but then it is a key defence industry allowing it to go bust would have resulted in us having to build nuclear subs out of old bog rolls or even worse buying the steel off Johnny Foreigner.Sheffield Forgemasters - Wikipedia
en.wikipedia.org
Haven't they nationalised (at least temporarily a couple of train operators?)
SpookyFrank
A cheap source of teeth for aquarium gravel
Who could have forseen that a system that rewards bare minimum levels of investment was not a good way to ensure robust infrastructure?
SpookyFrank
A cheap source of teeth for aquarium gravel
We've been in an official state of drought for over a year now. And probably will be indefinitely.
SpookyFrank
A cheap source of teeth for aquarium gravel
If it was nationalised would we somehow have to compensate people who own shares in a manifestly doomed enterprise? If so, why? You invest in a dud, you lose, that's how the market works, tough shit.
Rob Ray
Weight is meaningless
I was listening to some Sir Whatever on Radio 4 get asked about the possibility of nationalisation yesterday (itself a rarity) and he just waved it off with the same waffle about efficiency that we've been hearing for 40 years. The interviewer didn't challenge his assertion at all, of course.
Private Is Best remains absolutely armour-plated dogma as far as the political class is concerned no matter how much shit goes wrong or how clearly the model is a money pit mess in natural monopoly sectors.
Private Is Best remains absolutely armour-plated dogma as far as the political class is concerned no matter how much shit goes wrong or how clearly the model is a money pit mess in natural monopoly sectors.
brogdale
Coming to terms with late onset Anarchism
Given the circs, any non-neoliberal governing party would legislate to nationalise the thing for a nominal price and the former owners should think themselves very lucky that they can walk away from £40bn debt.
nino_savatte
No pasaran!
No water in W6, W12 or W14 for the second morning in a row. shakes fist at Thames Water
eatmorecheese
He's fallen out of the car again
The state should just appropriate the company. Fuck the shareholders, they've made enough.
nino_savatte
No pasaran!
One of Thames Water's shareholders is the University Superannuation Scheme (USS). That's the same pension scheme that's increased contributions while cutting pensions.
Thames Water's shareholders here.
www.thameswater.co.uk
Thames Water's shareholders here.
Our governance | Governance and Legal | About Us | Thames Water
Learn more about our ownership structure, external shareholders and where to find the Company's Articles of Association.
www.thameswater.co.uk
mojo pixy
○-<{[°_°]}>-○
And then pass on the ex-owner's details to a bailiff so debts can be collected from whoever ran them up.
brogdale
Coming to terms with late onset Anarchism
If only the politicians there weren't the place-people of the financialised corporations.
Bahnhof Strasse
Met up with Hannah Courtoy a week next Tuesday
Some cunt on BBC news last night explaining that the debt is just money gone to shareholders, but the government is hoping for a 'shareholder injection of money soon' - ffs, why do they repeat this utter drivel they are given by various govt. departments? Do we not have any actual journalists any more?
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