Why would the nationalisation of Thames Water end up putting its debt on the public books? If a company goes bust, and the govt buys the remains, surely the investors simply lose their investment and the debt falls to zero?
They want water companies to operate as profit makers, so they should accept when they go bust too.
@localzuk I keep making this point. The banks who keep lending to these grifters can see the water company accounts, so they know they are already overloaded with debt. But they are counting on the "too big to fail" argument they themselves used in the 2008 financial crash.
I can understand taking on operating debt - I.e. paying what is owed to the companies supplying them so that there's no supply chain contagion, but the investors? The gamblers? Let them fail.
Tories appear (once they gain a position in government) to value greed, dishonesty, corruption & cruelty.
Those are not the UK values I was brought up to value & respect.
We used to be, in the main, a tolerant and compassionate country. But the Tories have done their best to destroy that.
We are poorer in every sense for their 'contriibution' & I will be very glad to see them gone.
First YouTube video for Bristol Central labour MP. Key theme “I like the green policies but Thangam is a nice person”.
This shows they know who the threat is -and are prepared to spend money trying to keep her as an MP. My reaction: turn on the iCloud “hide my network location” service #ukpolitics
"From railways to nurseries and children’s homes, investors are taking advantage of chances to siphon taxpayer funds offshore. Sector by sector, private equity is making deep inroads into UK public services"
Delighted that I’ll be able to vote in the #ge2024 for an eco-socialist candidate.
I can’t vote SNP again whilst they proudly platform folk like Cherry in my old constituency. I don’t say that just as a “disgruntled” voter but as a queer Indy activist which picked up the role of an SNP branch organiser in her constituency after Alba defections.
The only choice for me in this election is the @ScottishGreens
Why do the cult of Boris also emulate his inability to understand a graph?
They quite clearly show partygate did for his electoral attraction. Then compounded by the catastrophic loss in Truss's short tenure. Whereas Rishi's tenure did steady the ship and would have made progress if he hadn't been sabotaged by the far right exodus to Remain who most definitely have not adopted Boris' agenda.
This is NOT a ‘reserved' matter. From the Times (hardly a lover of Scotland)
'However, Sources told The Irish Times however that the reason was entirely political in that the UK government did not want to be seen agreeing a deal with an EU nation, especially with a general election looming.’
@Wen
Oddly enough, earlier this week I was posting something about the 5 Techniques and included the lyrics of the Gang of Four Song "Ether" which is about the techniques being used against detained Republicans in Long Kesh.
Anyway the closing lyric of the song is about "oil under Rockall" and I started looking into what they were getting at. Suffice to say in 1955 the UK sent a group of squaddies to live there for the minimum number of days to legally say the island was inhabited, apparently done to stop the Russians from setting up a spy post as the rock was on the flight path of nuclear missile test and annexed it. Ireland, Iceland and Clam Mackay have all disputed the validity
J. Abrach Mackay in 1955:
"My old father, God rest his soul, claimed that island for the Clan of Mackay in 1846 and I now demand that the Admiralty hand it back. It's no' theirs."
While Gang of Four were simply hypothesising about oil resources, it seems they were on to something.
"I am hugely critical of how they’ve done it. They’ve purged the left, and they’ve done it by accusations that would not be a problem for anyone on the right – ruthlessly dredging minor things up from their career. The people running the show are hugely partisan. My own politics are right-wing Labour, but I’m a pluralist. Good governments need internal challenge.”
Michael Crick on Labour’s selection process
Labour activists in Jeremy Corbyn’s constituency have accused the national party of an “egregiously undemocratic selection process” after it chose a candidate without consulting the local branch.
Photo titled Praful Nargund founded a chain of IVF clinics with his mother, Geeta. He was anointed without even meeting the local Labour branch, activists said.
@Wen I'm increasingly worried about the prospect of a disUK #Labour government led by #Starmer and his cabal. He's totally abandoned the left.
My hope is that the majority of voters in #Scotland continue to support the #SNP who have by and large been a leftwing force for good in this country. I fear that significant Labour GE gains here would be catastrophic for devolution and for Scotland in general.
Whatever your views on independence, vote for your country, not England.
@adrianfry Well vote for your principles. Mines being a decent vibrant country that supports people to enable them to succeed. Remarkably, despite having kicked off a couple of successful companies, both employee owned now, I seem to be considered ‘too left wing' by some and ‘too right wing' by others.
Into every life a little rain must fall. Meantime I will get out running and have some comfort that my neighbours enjoy as good as we can get with Westminster interference,