In an official letter recently sent to anti-sewage groups, civil servants cited a paper by the Social Market Foundation as a reason to avoid nationalisation as part of its review of the sector. The report from 2018 was commissioned by United Utilities, Anglian Water, Severn Trent and South West Water.
The letter, sent by the Department for Environment, Food and Rural Affairs (Defra) to the Rivers Trust, Surfers Against Sewage, River Action UK and Greenpeace states: “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.”
https://www.theguardian.com/environ...n-england-overcharged-customers-by-up-to-15bn
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.
Earlier this month, Steve Reed, the environment secretary, announced a review into the water companies and the regulators, but said nationalisation was firmly off the table. He said it would cost “billions of pounds” and would not solve the sewage crisis.
They looked from pig to man and man to pig but could no longer tell the differenceDidn't recognise the name and genuinely couldn't work out if they were Tory or Labour...
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Ex chairman of Southampton FC.Didn't recognise the name and genuinely couldn't work out if they were Tory or Labour...
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RefUKer cunt
#UKPolitics
Good point from Bastani. And since when has ‘keeping a promise to Esther Ransom’ been a principle of good government?
It’s always worth remembering that Starmer and his entourage genuinely believe that they are ‘good at politics’, the ‘adults in the room’ and more in tune with ordinary people than Corbyn.
Nothing, it appears, could be further from the truth…there is a debate to be had about this issue, but that requires serious people and ideas. This is pathetic, very weird framing from a very odd and weird man.
He has to justify the 4M bung from the Cayman Islands-registered hedge fund somehow.Let the world burn as long as British industry thrives
"UK chancellor Rachel Reeves is considering dropping an inheritance tax element of her non-dom crackdown despite a manifesto commitment after warnings it would cause an exodus of wealthy people and bring in little revenue ...
Dropping the measure would mark a breach of Labour’s manifesto, which stated: “We will end the use of offshore trusts to avoid inheritance tax, so that everyone who makes their home here in the UK pays their taxes here.”
Good point from Bastani. And since when has ‘keeping a promise to Esther Ransom’ been a principle of good government?
It’s always worth remembering that Starmer and his entourage genuinely believe that they are ‘good at politics’, the ‘adults in the room’ and more in tune with ordinary people than Corbyn.
Nothing, it appears, could be further from the truth…there is a debate to be had about this issue, but that requires serious people and ideas. This is pathetic, very weird framing from a very odd and weird man.
That carbon capture on a large-scale has not worked yet does not mean that it never will.
What we do know, though, is that when it has been undertaken the vast majority of the separated gas has been used to pump more oil out of oil bearing anticlines.That carbon capture on a large-scale has not worked yet does not mean that it never will.
"Government plans to impose VAT on private schools from 1 January next year may have to be delayed because of warnings from unions, tax experts and school leaders that meeting the deadline will cause administrative chaos and teacher job losses, and put pressure on the state sector ..."
Given la pollard appeared in the lamentable oh dr beeching I hope it's restoring the coverage of train services to the position of 27 March 1963Who knows what he has promised Sue Pollard
Freeze them as private assets and use them as places to teach everyone?
If only there was something that existed in myriad form and already had a huge presence on earth that could remove carbon from the atmosphere and lock it up somehow.......That carbon capture on a large-scale has not worked yet does not mean that it never will.
Yes, and not set fire to it again and claim to be helping the environment. Being "carbon neutral" means doing nothing to reduce the level of carbon dioxide in the atmosphere.If only there was something that existed in myriad form and already had a huge presence on earth that could remove carbon from the atmosphere and lock it up somehow.......
Correct, but it is, as you say, neutral.Yes, and not set fire to it again and claim to be helping the environment. Being "carbon neutral" means doing nothing to reduce the level of carbon dioxide in the atmosphere.
I liked "Oh Doctor Beeching"Given la pollard appeared in the lamentable oh dr beeching I hope it's restoring the coverage of train services to the position of 27 March 1963