We face nationalisation if we’re not let off fines, Thames Water warns

Comments

• flamingos@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

  However, Chris Weston, its chief executive, told MPs that the company needed an exemption from the £1.4 billion in fines he expects the regulators, Ofwat and the Environment Agency, to impose for future breaches of environmental and performance rules.

  Won’t somebody think of the poor company facing the consequences of its own actions.

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  • G4Z@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

    It’s mad isn’t it, what use is it fining them anyway, they will just make the customers pay and still pay out their dividends and bonuses.

    Should just be nationalising no questions asked no compensation given.

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  • Naich@lemmings.world ⁨3⁩ ⁨weeks⁩ ago

    All that money for bonuses has to come from somewhere.

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• darko8472@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

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  Nationalise them all. They’ve been syphonibg off funds for their shareholders for decades. Time to put those profits where they should actually be used, improving the pipes and fixing shit, and any excess going towards other national infrastructure.

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• hellfire103@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

  Don’t threaten me with a good time.

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• Hawke@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Umm, good?

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• Gradually_Adjusting@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Fine by me

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• Codpiece@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

  Won’t someone think of the shareholders and the poor management bonuses.

  Poor things, they must be down to their last few millions by now.

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• MrNesser@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Well yeah you do

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• deadcatbounce@reddthat.com ⁨3⁩ ⁨weeks⁩ ago

  All good. Nationalise or regulate to where we might not have to have faeces regularly dumped in our waterways because you’ve unjustifiably given our infrastructure money to directors and shareholders.

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• 9point6@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Ooooh nooo…

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• ShimmeringKoi@hexbear.net ⁨3⁩ ⁨weeks⁩ ago

  Good, get nationalized idiot

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• iAvicenna@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  uwu

  Do I have to pay the consequences of my illegal actions? pleeaaaaaase

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• rayquetzalcoatl@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  They fucked around with our water, and now are moaning that there’s consequences? I hope they get nationalised. Can’t happen quickly enough. It’s a shame that the people at the top of Thames Water can just make off with their ill-gotten gains, and all have golden parachutes. Some community service wouldn’t go amiss.

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• EdanGrey@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

  And…!

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• tankplanker@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  The threat he is trying to make is around the government being on the hook for the loans and urgent improvement works at a time the government is trying to cut costs.

  Should we nationalise it? Yes but it needs to be in such a way that we write off the costs of doing so as much as possible. I have no idea how we can protect ourselves in doing that without causing at least some problems downstream.

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