High water bills, filthy river...
More detail:
Thames Water are now relying on a £3bn emergency loan to stay afloat.
Why are they £14bn in debt? Why was thetr a pollution spill?
Privatisation means profits went to shareholders and not fixing pipes.
They underinvested, overloaded the system, and let pollution spill.
So essentially this may lead to:
Massive debts.
Environmental violations.
Potential taxpayer rescue.
Privatised profits. Public consequences.
Water is a right, not a revenue stream.
#Renationalise #ThamesWater
TLDR:
UK friends! Pls sign this petition!
Thames Water is £14bn in debt, polluting our rivers, and now relying on emergency loans. A public bailout could leave us footing the bill (again)
Water is a basic right, not a business. Let’s take it back.
👉 https://weownit.org.uk/act-now/bring-thames-water-into-public-ownership
Call for public ownership of Thames Water.
#Renationalise #ThamesWater #WaterIsLife
Labour pledges to renationalise most rail services within five years
"but there will still be a role for the private sector."
How long will it take #MrFlipFlop to renege on this pledge? And WTF has it got to do with the private sector, who will no doubt suck money out like the leeches they are?
Don't stop there, #Starmer promise us you'll #renationalise water and electricity as well. Not that you ever will.
maybe the #Oxford and #Cambridge #rowing folks have the right sort of connections to make change happen on the #water #pollution issue ? https://www.theguardian.com/sport/2024/mar/27/a-national-disgrace-oxford-rail-at-river-thames-pollution-ahead-of-boat-race
#boatrace #ThamesWater #RiversOfShit #renationalise #utilities
According to Feargal Sharkey my water provider Anglian Water paid £4.6 billion to shareholders between 2012 and 2022.
But you will find no mention of that in the BBC’s ‘balanced’ reporting on the funding of Anglian’s very belated infrastructure project to keep the taps on in the East.
Privatisation created monopolies in water industry which were a license to print money for shareholders. Make it stop.
https://www.bbc.co.uk/news/uk-england-cambridgeshire-66535388