JuneSim63 💚Mar 28, 2024

This is the classic scam. Privatise an essential service. Load it with masses of debt, while investing the minimum it can get away with. Pay shareholders as much as it can get away with. When it collapses, walk away so the state has to pick up the pieces until it becomes viable again. Rinse and repeat.

#ThamesWater #Water #Privatisation

Thames Water shareholders refuse to inject more cash into ‘uninvestable’ company | The Independent
https://www.independent.co.uk/news/uk/home-news/thames-water-shareholders-funding-london-b2519896.html

Thames Water under threat of nationalisation as shareholders refuse to inject £500m lifeline

A rescue funding plan was drawn up in July but has fallen through ahead of the first payment

The Independent
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@junesim63 nationalization is the way. Essential service should have never been privatized. Most services should not be in private hands.
Mar 28, 2024 at 2:36pmWeb