Mastodawn

James Tryand Jul 5, 2023

The case for water nationalisation is growing https://www.taxresearch.org.uk/Blog/2023/07/05/the-case-for-water-nationalisation-is-growing/. As the perilous state of Thames Water's finances becomes more apparent, the case for nationalisation of the whole sector grows ever stronger.

The stock market is failing according to the CBI. So why don’t we just let it go?

I posted this on Twitter this morning: https://twitter.com/RichardJMurphy/status/1942861045426516103 My point is serious. The CBI is saying that the situation with regard to the UK stock exchange is getting desperate, because it is losing out to overseas markets and not attracting sufficient business. The question that needs to be asked is, why is that?...

Funding the Future

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Caledonia 🏴󠁧󠁢󠁳󠁣󠁴󠁿Jul 5, 2023

@RichardJMurphy So fortunate to be In Scotland. Our water is public owned. 🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿

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John Bell 🇺🇦🇪🇺🔸🕷️🏴󠁧󠁢󠁷󠁬󠁳󠁿Jul 6, 2023

@Caledonia @RichardJMurphy ditto in Wales

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Caledonia 🏴󠁧󠁢󠁳󠁣󠁴󠁿Jul 6, 2023

@johngbell95 @RichardJMurphy Braw!

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Kim Spence-Jones 🇬🇧😷Jul 5, 2023

@RichardJMurphy I suspect that the Tory mindset leaves them between a rock and a hard place, so they will actually do nothing and leave it for Labour to clear up the water industry after the next election. The mess may be so politically toxic that it helps to determine the timing of that election.

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John Bell 🇺🇦🇪🇺🔸🕷️🏴󠁧󠁢󠁷󠁬󠁳󠁿Jul 6, 2023

@RichardJMurphy Thames Water’s finances are a complete disaster. They have borrowings that are about 7x turnover. The *only* reason for their borrowing is the amount of dividends paid to the owners. The government should let it go into administration, and buy it for £1