Apparently Thames Water will run out of money by this time next year, unless OFWAT gives it permission to ramp millions of customers bills by 59% by 2030.
Was it Thatcher who said that ‘you can’t buck the markets’? (not even Liz Truss could do that). Of course the customers have nowhere else to go, but that’s still no reason why a monopoly can’t fail - in an open market you’d expect a 59% price rise to drive customers away in droves. So let the useless execs fail, the company fall and then nationalise and put decent bosses in. Oh - and sort out the regulator, get one that’s not too cosy with its charges
And apparently now they are making a profit - so where does that go? To the shareholders of course. This is no way to provide an essential public service which its 'customers' have no option other than to use. The whole model was flawed from the outset, as many of us realised. Let them go hang.
Couldn't agree more! Essential infrastructure such as our water supply should NEVER be owned by private companies. ESPECIALLY private companies that are NOT based this country!
Let them go bust. Take the company back into public ownership. Give them not a single penny in compensation. They have robbed the country blind, courtesy of the Tories, for too long.
Was it Thatcher who said that ‘you can’t buck the markets’? (not even Liz Truss could do that). Of course the customers have nowhere else to go, but that’s still no reason why a monopoly can’t fail - in an open market you’d expect a 59% price rise to drive customers away in droves. So let the useless execs fail, the company fall and then nationalise and put decent bosses in. Oh - and sort out the regulator, get one that’s not too cosy with its charges
Time to review the operating assumptions of ALL the regulators.
And apparently now they are making a profit - so where does that go? To the shareholders of course. This is no way to provide an essential public service which its 'customers' have no option other than to use. The whole model was flawed from the outset, as many of us realised. Let them go hang.
Time to trot out that old ErnestHemingway aphorism
Couldn't agree more! Essential infrastructure such as our water supply should NEVER be owned by private companies. ESPECIALLY private companies that are NOT based this country!
Let them go bust. Take the company back into public ownership. Give them not a single penny in compensation. They have robbed the country blind, courtesy of the Tories, for too long.