Wir sind mit einer Verstaatlichung ausgesetzt, wenn wir keine Geldstrafen ablassen, warnt Thames Water
https://www.thetimes.com/uk/environment/article/we-face-nationalisation-if-were-not-let-off-fines-thames-water-warns-vvq6hw0sg
Von upthetruth1
Wir sind mit einer Verstaatlichung ausgesetzt, wenn wir keine Geldstrafen ablassen, warnt Thames Water
https://www.thetimes.com/uk/environment/article/we-face-nationalisation-if-were-not-let-off-fines-thames-water-warns-vvq6hw0sg
Von upthetruth1
44 Kommentare
>“If we don’t find a solution to it, then there is a good chance that we will go into SAR,” he said, referring to a special administration regime, a type of emergency nationalisation for companies providing essential public services.
Don’t threaten me with a good time
Translation, will skip town and fob our dept of to the public if we can’t continue mugging you
As a great man once said
Oh dear. How sad. Never mind.
I suspect their customers are all out of fucks to give.
The same Thames Water that paid out bonus‘ using funds from its emergency loan? Do they think that each day we forget what has happened in previous days?
Oh no! The water will be controlled by the people actually drinking it. Whatever will we do! /s
If you invested in this farce, or lent to it, you should step up and face the music you charlatans.
I do have sympathy for those whose pension providers have invested in Thames Water though. However, we shouldn’t have to pay elevated water rates and sacrifice our livelihoods to sustain yours.
Particularly so, as by the time I retire, I expect the welfare state to be a shadow of what we have now. Including a considerably less valuable state pension (perhaps even non-existent).
We have boomers and Gen X protecting boomers and Gen X with this and it’s at the expense of Millenials and Gen Z. We shouldn’t be tolerating this.
The government should be nationalising the company without recompense to the charlatans who have clearly exploited and profited from the moral hazard here.
So . . . we can not get the fines and not own the assets, or we can not get the fines and own the assets?
OK, guess we’ll take the assets then.
Feels like this should be an internal memo for the board than a news article cause nationalisation is only scary for them and their bonuses.
Can anyone, literally anyone opposed to nationalisation tell me why it would be bad?
Stop, I’ve told you I want you fined, you don’t have to convince me!
Then let’s re-nationalise our water. Run the service for the consumers, not for the profit of the investors.
capitalism is about taking risk and I have no empathy for them losing on their risk. What do they want? An awww didums?
So you can dump sh1t into our rivers and sea against environmental guidelines and regulations, regulations that state causing environmental damage are subject to fines.
Fail to keep water infrastructure reliable, use excessive profits to lubricate the finances of shareholders.. greatly reducing investment towards the bussiness.I
And then start crying when you are found in breach of requirments and are fined minimal amounts of money compared to what has been created away by excessive bonuses and dividends..
When the farmers get fined for using excessive amounts of water, or I get fined for using hospice during water ban, Making me bankrupt will not be accepted as an excuse for not paying the fine …
Water companies still screwing us over till the end …..
I don’t understand why these tools haven’t been punished for fraud.
How about we nationalise, remove fines, then lock up management for their crimes
Little known fact:
You don’t have to pay fines for dumping sewage into our rivers if you don’t dump sewage into rivers to begin with.
I’ve just shown more sense for free than those executives did with their bonuses to retain „talent“
It will only be temporary nationalisation until Farage or whatever lackwit the Tories pick sell it to their friends again at the earliest opportunity
Makes logical sense and all part of the plan. Extract as much money as possible then let the government take it
YES!! Nationalise!! Privatisation of the essential services is what led us to this mess. Reverse it!! All of it!! Nationalise Water, Energy, Mass Public Transportation etc. The Privatisation of all these services was the ruin of the UK.
And? How is this our problem? Thames Water go broke, and the state steps in to continue providing what is probably the most important basic utility.
Yet again we are picking up Thatcher’s tab but it would be another step on the road back to public ownership of life’s necessities.
Fine them ten billion pounds, arrest every single shareholder and boss, throw them in jail, and strip away all their assets.
In Victorian times, if a business owner fucked up, they’d end up destitute, lose everything, and probably see themselves and their family forced into the poor house. Time to bring shit back like that for these gold plated bastards.
The public: So?
The Treasury: LITERALLY TAKE ALL OF OUR MONEY NOW.
Good. It was a stupid idea to privatise water anyway. All the cons of privatisation (making money being top, investment being bottom) and none of the pros (competition)
Good, as it should be, you don’t get to mismanage a utility company, get fined for it, then get let off because oh you need to stay private and screw the consumers further
How are none of these people facing life in prison for robbing the tax payer of billions and breaking infrastructure like this?! How do they live with themselves.
They are a private company, they made the mess, they need to fix it.
Nationalise sounds good to me
„Let us continue to push this company deeper in debt to pay out the shareholders or you will be responsible for our debt“
Well done them, unlike all their leaks and chronic underinvestment and horrific bonus payouts for doing harm to the business and it’s customers, for once they have made a correct assessment of the situation. Perhaps they should have started doing that sooner.
The problem with Thatcherism is that eventually you run out of state assets and North Sea Oil to sell off for a pittance.
You face worse than that – you owe the state a huge sum of money. Those assets you have? They’re the state’s assets now. Begone.
I got a better idea, pay back all the bonuses you took for the shittiest service ever, that should cover it
These people belong in prison, not making whiny statements from their ivory tower.
Unsurprisingly there are a lot of searches for SAR in the context of water companies, found a useful link that [explains what the process is.](https://www.pwc.co.uk/services/business-restructuring/insights/water-industry-special-administration-process.html)
Doesn’t equal nationalisation though, and the rules came into being last year, so I figure Thames Water were already planning this route.
This is the legacy of Thatcher selling off – critical – infrastructure for a quick profit: private company fails repeatedly running up huge debt & paying big dividends & bonuses then threatening – nationalisation – while coming in for more public money.
Rampant & morally, at least, capitlism raising its ugly head again.
Oh no. Nobody wants that. We must think of the CEOs. Stop. Please.
/s
Yeah wait am I misunderstanding the ramifications of this or…isn’t this exactly what we want as members of the public and…you know, drinkers of water?
So err…yeah let’s…fine them I guess…? You’re spot on for once, TW. Very confused with this statement, maybe I’m a bit too blazed.
If they don’t want to be fined don’t do things that will get you fined, pretty simple really.
Please give us more money or our little piggy noses will be kicked out of the trough forever
Ohhhhh noooooo, ah never mind. Double fine them, triple , oh fines them until they go bankrupt
Can we take back power as well as water, and maybe gas, post office, rail, and public transport
Oh, so a company was mismanaged and now it’s shareholders risk taking losses?
Isn’t that how business is SUPPOSED to work?
Get a grip.
Oh no !quickly hand out dividends before the goodntimes are over.
For those who think publicly owned water companies don’t work well enough can i suggest you take a look at Scottish Water.
Oh, no, not dirty communist nationalisation, what ever shall we do?