Thames Water rescue deal blocked, nationalisation moves closer

naffdoodaa.bsky.social37

"Market led" It is a monopoly over a basic resource required for life.

Chris Hook35

Market? Like I can choose my water supplier?

Jo VanEvery34

Bald faced liars. one’s priorities cannot *remain* something that has not been a priority

Tea Junkie33

Their priority is making as much money as possible. It has to be.

✿ Fern ✿25

I hate this. We're constantly being rinsed for everything we have & we see no benefits whatsoever. No investment in infrastucture. How is it even possible that we routinely have drought warnings off the back of record wet winters? Oh, right, haven't built any reservoirs in about 50 years.

Kristian van der Vliet20

The absolute brazenness of describing the current subsidy funnel as "market led"

/Mai/ Opine 🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧🇪🇺♂️ #WCNSF19

market-led? In what way is it 'market-led'? There is no market. It's basically a monopoly.

ampallanguk.bsky.social11

*our priorities remain producing as many dividend payouts to our investors as possible while doing the least possible in the way of providing water services. We have managed to put billions of debt on the company, while doing fuck all, so we could pay the best dividends possible. The money is gone!

Colin Macqueen10

How is this a “market”? Can I switch away from Severn Trent if I get a better deal from Welsh Water or higher quality from Thames Water?

Simon 🪗10

The 'stakeholders' should be the customers and environment, not the profit seekers.

David Neil Robinson9

Fed up with paying nearly £50 a month for undrinkable limescale filled water and endless local area leaks and burst pipes.

Geoff Smith9

And, if it is a "market led solution", how do I change my water services to a better, more ethical supplier? It's NOT a market, it's a set of regional monopolies.

Andrew Middleton9

They've been promising investment and infrastructure for thirty years, and here we are.

Syd Barhey Esq. FCA. #FBPE7

Well the "market-led solution" hasn't delivered for the last 25 years or whatever since it was privatised !! Thames should not only be nationalised immediately, the directors should be charged with theft of public money and locked up !!

Per Damkier7

😵That👆 is some ninja-level corporate bullshit.

mja667

Under the stewardship of this grasping mob, TW exists principally to enrich a few at a great, exponentially rising cost to others. It's a blatant scam. @goodlawproject.org have done great work in exposing the "too expensive to re-nationalise" argument as utterly bogus. #WeOwnIt

Lord Sn0rter 🐾🐾🐷5

As it always should have been

Craig Grävling5

Surely if things were market led that would mean letting them go bust and not giving them a penny of government money?

wonkyjonty.bsky.social5

Whenever TW has been penalised in the past by OFTWAT they have simply passed the bill onto their captive customers. Yeah, that’s a powerful regulatory tool right there - not! Labour has surely completed its rebranding into Slavour by now?

Matthew Bland5

What a load of boardroom bullshit waffle.

tykebrahe.bsky.social5

Handing an open-ended monopoly to a private equity company is not a market-led solution

Mazog4

Yes! We’re held hostage to having to pay whatever increase Thames Water dream up, without any option to move to another provider. It’s awful.

wil4

We put public ownership of water into our constitution.

Just Aubrey3

I can think of another word beginning with C instead of 'chancers' 🤔

4017xan.bsky.social3

Thames Water says the market-led solution is the best. Well, they would, wouldn’t they? It’s been great for the various parties who have been parasites on the company providing water to South London. Not at all good for water users in South London or the UK’s public finances.

Mike Hitchcock3

Bollocks. Water is not, and never can be, "market led".

Mairead Fearsithe2

In private hands it will only ever be run for profit. A utility that everyone depends on should never be in private hands. Thank goodness I live in Scotland and have always had publicly managed water services.

Chris Midgley2

Stakeholders...that would primarily be shared holders. All the other stakeholders including customers can go to hell.

AnthonyF2722

Starmer's government is so infuriating for their dithering on everything.

Dom Graham2

The only way you have options in "the market" for water is if you move house... Water companies are absolute scum of the earth and any politician who keeps water in private hands is no better.

Chiara-Oscuro2

It isn’t a market. We can’t choose a supplier for quality or price or better protection of resources. Nor should it be. Water must be publicly owned. Human rights not shares and dividends.

David McCulloch2

And we know which party you really work for, who will have priority over the rest: the stakeholders, who in turn reward the execs. Privatisation of public assets stinks, like the shit in our rivers.

cobrunstrom.bsky.social2

The only two truthful words in this statement are "benefit" and "stakeholders".

Irritated Llama2

Human turds in every river and kids dying from ingesting raw sewage is really selling me on "market led solutions"

Andy Munro2

"Pleas don't put us all out of a job and expose all the stuff we've been doing.

Brian Plester2

They've made it crystal clear they don't give a hoot about the environment or their customers.

MartyH2

More neck than a giraffe! They cannot go on thinking that they can remain a private company. They must have run out of lives?

Hugo McNestry2

Financial engineering enterprise says more financial engineering is the solution… in shock announcement… We, however just want to own our own water…it’s literally what we are.

angels4peace.bsky.social2

All these companies need to be taken to court and charged with negligence.

Ady whitwell2

Like fuck it is. Nationalise, cut the bosses pay drastically, pile all bills money into running and upgrading the infrastructure with no money going back to government until its fit for purpose

Coliboo2

Yeah because what Thames Water have done so far is going so well 🤦‍♀️ www.thecanary.co/uk/analysis/...

DamonTheDemon2

Standard coporate PR bullshit. Any major corporate, in any industry could have written this chaff. Its doublespeak bollox of course. I would be surprised if it wasnt written by AI. The birds, The bees and the grass and trees know Water must be nationalised. It should have been done years ago.

jbl23.bsky.social2

Of course they do, vested interest in filling their own pockets, while destroying our environment, economy and right to own our own natural resources rather than dubious interests of wealth and power outside our borders and to our detriment and possible economic slavery

Marc7

Government should either force TW to clean up its own act, at its shareholders expense, or buy it for £1. Nothing else is needed.

Dan6

If I have no ability to change supplier to a competitor then they have no Buisiness being a private company So nationalise all the water suppliers already. With electricity gas etc then nationalise the DNOs or equivalent

Labour Led By Keir For Me🌹2

This government would rather f**k over working people... 🥀

Trevor Ward2

Throw 3.35 billion at it and the shareholders will see most of it! Just take it back off them, they have asset stripped from the start and shareholders have had the best deal not the customers!

THaigh2

Couldn’t agree more, what do people normally pay for bankrupt companies?