Dear British Public,
Go fuck yourselves.

Love, the government.

https://petition.parliament.uk/petitions/757426?reveal_response=yes

Petition: Nationalise water companies to make water a non profit publicly owned asset

To make water a non profit making national asset that ensures we have a secure water infrastructure that ensures our water security for future generations.

Petitions - UK Government and Parliament

@gareth

Or, the for-profit owners would make it too costly and painful.

That's why this needs to be a nationwide movement, not only a petition.

#NationaliseWaterCompanies

@TCatInReality
And yet when Thames Water - valued at the time at £24 billion if memory serves - put itself up for sale, it couldn't get £3 billion.

With £20 billion in debt, let it go bust. Let the venture capitalists and profiteers swallow the losses and then nationalise it for nowt.
@gareth

@blingoali @gareth

I would pay 50p on the Pound to UK pensions, but otherwise let the creditors lose it all.

The problem is that these contracts were written in ways that obligate the gov to cover much of the debt. That was madness.

@TCatInReality @blingoali @gareth that was deliberate!

@AndyDearden @blingoali @gareth

I have no doubt.

Because who would invest in such a volatile business as ...checks notes...water, without gov guarantees.

@TCatInReality
Fair comment - I wouldn't want the actual workers to be out of pocket.

Remind me, who were the geniuses who negotiated these deals? Do they now hold or have they previously - entirely coincidentally - taken up senior positions at said companies?

[EDITED to add the world 'hold', to make it read less like English is my second language 🙄]
@gareth

@blingoali @gareth

I'm sure there are many different contracts over the last few decades.

So, how many of the years since 1980 was the gov run by Tories?

@TCatInReality
That's tricky… Hang on, let me DuckDuckGo it…

Oh.
@gareth

@blingoali @TCatInReality @gareth
There'll be a lot of people in it who make stuff work.
A shadow org ready for them to be paid by would be good.

@Photo55 @blingoali @gareth

The gov has a "special administration" process ready to go. They just need to do it.

The second step is to fire the top management and replace with their Operations people who know how things work (vs how to appease shareholders). It'll save money and speed efficiency improvements.

#NationaliseThamesWaterNow

@TCatInReality @blingoali @gareth
Beware the Peter Principle.
Also, surely the Ops people are quite busy.

@gareth

How complex was it and how long did it take to create the NHS (1948) and nationalise railways (1946), coal (1947), steel, electricity (1946) and other industries after WWII?

Attlee's governments from 1945-1951 nationalised 20% of the UK's entire economy, FFS 🤬

And that was at a time when the UK was broken and bankrupted by two world wars and where housing, utilities, and infrastructure had been destroyed by enemy air raids 🤷

https://en.wikipedia.org/wiki/Attlee_ministry

Attlee ministry - Wikipedia

@TCMuffin @gareth and they've kinda roughly nationalised rail recently, with letting franchises expire & merging them into the flag-powered GBR

@patterfloof @gareth

Exactly...it's not beyond the wit and will...we just need politicians with a bit of both!

@TCMuffin @gareth

I've been wondering for years how Attlee accomplished so much. Labour Prime Ministers since have taken less and less notice of what the people want, as Labour has been quietly taken over by vested interests. So, I've ordered a book about it...

I'll read out the good bits for everyone.

@gareth Great summary of every response.
@gareth typical regime response "we weren't going to do it, now we'll not do it even harder"
Reeves given £27,000 donation from lobbying firm linked to Thames Water bidder

The contributions raise fresh questions over transparency in Westminster lobbying  

The i Paper