Geri,
@Geri@mastodon.online avatar

Shareholder greed is to blame for Thames Water 40% price rise request https://www.standard.co.uk/comment/thames-water-ofwat-sewage-prices-barry-gardiner-b1149406.html

Vonskinnback,
@Vonskinnback@mastodon.social avatar

@Geri that 40% rise will increase the shareholders payout & director pay, we would be lucky if 10% got invested into the infrastructure...

junesim63,
@junesim63@mstdn.social avatar

@Geri I would argue that this was the main reason for water privatisation. Essential utilities can't be allowed to fail and are therefore cash cows for the investors and speculators beloved of Thatcher and her followers. Without rigorous controls on ownership and gearing, this was bound to happen.

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