Has to be nationalised now.
Thames Water supply ‘on knife-edge’ with £23bn repairs needed
Submitted 6 months ago by Zip2@feddit.uk to unitedkingdom@feddit.uk
https://www.theguardian.com/business/2024/nov/17/thames-water-supply-knife-edge-23bn-repairs-needed
Comments
zante@slrpnk.net 6 months ago
GoodShowSir@feddit.uk 6 months ago
“Saving” all that money… then forking out 9.5 million on yearly executive bonuses…
FourPacketsOfPeanuts@lemmy.world 6 months ago
While that’s obviously gross, I’m not sure some budget public service pleb who wouldn’t last 5 mins in a real business wouldn’t simply make things worse
echodot@feddit.uk 6 months ago
You realize that when a business is privatized they don’t give it to the civil service right?
They bring in a CEO from the business world, The point is that CEO isn’t then given marching orders to make as much money in the shorter time as possible.
LainTrain@lemmy.dbzer0.com 6 months ago
Bruh
Zip2@feddit.uk 6 months ago
Quick calculation: that’s ~£98.3k per person in the Thames Valley area.
HumanPenguin@feddit.uk 6 months ago
Thames Valley area
Just FYI: Thames water covers a larger population than that. Much of London is not technically in the Thames valley.
Zip2@feddit.uk 6 months ago
You’re absolutely right. Thames water claim 16 million customers, so that brings it down to a much more manageable £14,375 per customer, based on us getting shafted equally.
RobotToaster@mander.xyz 6 months ago
Yet they plan a massive shareholder payout telegraph.co.uk/…/thames-water-plots-2bn-sharehol…
And paid over £7bn in dividends in the past theguardian.com/…/in-charts-how-privatisation-dra…