Privatised water company in the UK has borrowed billions of pounds to fund dividends and massive executive bonuses while dumping raw sewage into the waterways and providing tap water that isn't fit to drink. Now it's debt has been downgraded to junk status. Oh, and it wants to increase bills while smirking PR types front the media to tell the public they've never had it so good.
So much for the magic of the free market.
https://www.theguardian.com/business/article/2024/jul/24/thames-water-breaches-licence-part-of-debt-downgraded-to-junk
#ukpolitics #privatisation #water #legalcorruption #auspol