| Thames water. 13:20 - Mar 30 with 4705 views | Gwyn737 |
Looks like yet another example of shareholders taking billions out of a formally public company which in turn will be bailed out by the taxpayer.
Does anyone have an example of privatisation of our utilities being a success? |  | | |  |
| Thames water. on 20:05 - Apr 3 with 1798 views | Boundy |
Theres always one | |
| "In a free society, the State is the servant of the people—not the master." |
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| Thames water. on 21:09 - Apr 3 with 1753 views | ReslovenSwan1 |
Remember these companies were not given away they were SOLD by the government and the money went towards tax cuts and things like the NHd. Some of the companies increased in value and pay corporation tax.
They were owned in part by UK citizen like me who share in the dividend payments which are also taxable. Only the first £2000 are tax free. Citizens benefitted from cheap prices and from the sale of British gas exploration. UK citizens regularly vot anti EU and red tape. Now the red tape leads to shit in the river. Less regulation more guano in the River Wye. We can get back to be the " dirty man of Europe once again. I remember black filthy Welsh rivers. Fill yer pockets and only swim in the pool somewhere in Spain |  |
| Wise sage since Toshack era |
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| Thames water. on 22:30 - Apr 3 with 1717 views | waynekerr55 |
| Thames water. on 21:09 - Apr 3 by ReslovenSwan1 |
Remember these companies were not given away they were SOLD by the government and the money went towards tax cuts and things like the NHd. Some of the companies increased in value and pay corporation tax.
They were owned in part by UK citizen like me who share in the dividend payments which are also taxable. Only the first £2000 are tax free. Citizens benefitted from cheap prices and from the sale of British gas exploration. UK citizens regularly vot anti EU and red tape. Now the red tape leads to shit in the river. Less regulation more guano in the River Wye. We can get back to be the " dirty man of Europe once again. I remember black filthy Welsh rivers. Fill yer pockets and only swim in the pool somewhere in Spain |
The missed opportunities with these were as follows:
- a sovereign wealth fund would've been quid pro quo as Norway did
- a retention of shares for the UK so we could've had dividends
- ring fencing of right to buy money to build social housing
Without a tardis unfortunately we can't do that |  |
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| Thames water. on 08:46 - Apr 4 with 1648 views | onehunglow |
| Thames water. on 22:30 - Apr 3 by waynekerr55 |
The missed opportunities with these were as follows:
- a sovereign wealth fund would've been quid pro quo as Norway did
- a retention of shares for the UK so we could've had dividends
- ring fencing of right to buy money to build social housing
Without a tardis unfortunately we can't do that |
Latin.
Wonderful to read
are Longa Vita Brevis | |
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| Thames water. on 13:17 - Apr 4 with 1614 views | controversial_jack |
| Thames water. on 20:32 - Apr 2 by SullutaCreturned |
You can contract E Coli from swimming in or drinking contaminated water or
contact with a person who has poor hygiene and doesn’t wash their hands regularly. So it seems that getting splashed could lead to being infected. They get splashed a lot in the boat race. It's quite possible that the infected managed to ingest some if it splashed on their face.
You carry on being obtuse though, it's funny. |
The entire team? Highly unlikely! | | | |
| Thames water. on 18:12 - Apr 4 with 1586 views | SullutaCreturned |
| Thames water. on 21:09 - Apr 3 by ReslovenSwan1 |
Remember these companies were not given away they were SOLD by the government and the money went towards tax cuts and things like the NHd. Some of the companies increased in value and pay corporation tax.
They were owned in part by UK citizen like me who share in the dividend payments which are also taxable. Only the first £2000 are tax free. Citizens benefitted from cheap prices and from the sale of British gas exploration. UK citizens regularly vot anti EU and red tape. Now the red tape leads to shit in the river. Less regulation more guano in the River Wye. We can get back to be the " dirty man of Europe once again. I remember black filthy Welsh rivers. Fill yer pockets and only swim in the pool somewhere in Spain |
Undersold many might say and as for the dirty man, that is exactly what we are, pollution in our rivers and around our coatlines is disgusting.
Then dont forget the massively rising bills because, having given all their profits to shareholders, they now expect us to pay for the repairs they haven't been doing over the years. | | | |
| Thames water. on 15:55 - Apr 9 with 1428 views | ReslovenSwan1 |
| Thames water. on 18:12 - Apr 4 by SullutaCreturned |
Undersold many might say and as for the dirty man, that is exactly what we are, pollution in our rivers and around our coatlines is disgusting.
Then dont forget the massively rising bills because, having given all their profits to shareholders, they now expect us to pay for the repairs they haven't been doing over the years. |
Poor regulation. Remember he Uk public vote for "cutting red tape" for businesses. All that Euro clean stuff we got rid of during Brexit. | |
| Wise sage since Toshack era |
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| Thames water. on 20:28 - Apr 9 with 1399 views | SullutaCreturned |
| Thames water. on 15:55 - Apr 9 by ReslovenSwan1 |
Poor regulation. Remember he Uk public vote for "cutting red tape" for businesses. All that Euro clean stuff we got rid of during Brexit. |
Except that is not what has been happening. The water comanies have been breaking the rules.
There's been a lot on the news about it. Under reporting leaks and spils, deliberately dumping sewage ridden water. | | | |
| Thames water. on 21:21 - Apr 12 with 1322 views | ReslovenSwan1 |
| Thames water. on 20:28 - Apr 9 by SullutaCreturned |
Except that is not what has been happening. The water comanies have been breaking the rules.
There's been a lot on the news about it. Under reporting leaks and spils, deliberately dumping sewage ridden water. |
Several articles I have read suggest the rules have been relaxed. 2023 was the worst year ever for storm sewage discharges.
https://www.theguardian.com/environment/2024/jan/19/the-uk-environmental-protect | |
| Wise sage since Toshack era |
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| Thames water. on 23:59 - Apr 12 with 1314 views | max936 |
| Thames water. on 20:28 - Apr 9 by SullutaCreturned |
Except that is not what has been happening. The water comanies have been breaking the rules.
There's been a lot on the news about it. Under reporting leaks and spils, deliberately dumping sewage ridden water. |
Yet another subject that he ain't got a clue about, par for the course with this one. |  |
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| Thames water. on 20:29 - Apr 17 with 1248 views | ReslovenSwan1 |
| Thames water. on 23:59 - Apr 12 by max936 |
Yet another subject that he ain't got a clue about, par for the course with this one. |
You are the clueless one and one determined not to consider any other opinion other than your own.
The EU actually took Thames Water to court in the past. UK people via Brexit have returned UK back to our dirty habits. "The dirty men of Europe"
https://www.theguardian.com/politics/2009/oct/09/river-thames-pollution-european
Nimbyism in full force.
"The tunnel is backed by the mayor of London, Boris Johnson, but the Conservative-led Hammersmith and Fulham council opposes the plans because construction would begin in its area". [Post edited 17 Apr 20:32]
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| Wise sage since Toshack era |
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| Thames water. on 21:39 - Apr 17 with 1205 views | max936 |
| Thames water. on 20:29 - Apr 17 by ReslovenSwan1 |
You are the clueless one and one determined not to consider any other opinion other than your own.
The EU actually took Thames Water to court in the past. UK people via Brexit have returned UK back to our dirty habits. "The dirty men of Europe"
https://www.theguardian.com/politics/2009/oct/09/river-thames-pollution-european
Nimbyism in full force.
"The tunnel is backed by the mayor of London, Boris Johnson, but the Conservative-led Hammersmith and Fulham council opposes the plans because construction would begin in its area". [Post edited 17 Apr 20:32]
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Wrong, its just your opinions I discount.
Go away. | |
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| Thames water. on 20:14 - Apr 18 with 1148 views | ReslovenSwan1 |
| Thames water. on 21:39 - Apr 17 by max936 |
Wrong, its just your opinions I discount.
Go away. |
I reject your recommendation. We need to make sure South Wales does not only have one way of thinking. [Post edited 18 Apr 20:15]
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| Wise sage since Toshack era |
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| Thames water. on 21:33 - Apr 18 with 1114 views | Dr_Winston |
| Thames water. on 18:12 - Apr 4 by SullutaCreturned |
Undersold many might say and as for the dirty man, that is exactly what we are, pollution in our rivers and around our coatlines is disgusting.
Then dont forget the massively rising bills because, having given all their profits to shareholders, they now expect us to pay for the repairs they haven't been doing over the years. |
As I've said in the past, the whole "shareholders" thing conjures up images of cigar smoking fatcats wallowing in cash at the expense of the working man. Problem is that image is total nonsense. Thames Water is majority owned by Pensioners. 20% of it is owned by the Universities Superannuation Scheme.
https://www.thameswater.co.uk/about-us/governance/our-structure |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Thames water. on 00:35 - Apr 19 with 1073 views | majorraglan |
| Thames water. on 21:33 - Apr 18 by Dr_Winston |
As I've said in the past, the whole "shareholders" thing conjures up images of cigar smoking fatcats wallowing in cash at the expense of the working man. Problem is that image is total nonsense. Thames Water is majority owned by Pensioners. 20% of it is owned by the Universities Superannuation Scheme.
https://www.thameswater.co.uk/about-us/governance/our-structure |
That’s the case now, but it wasn’t always that way. Under the ownership of the Australian banking and investment group Macquarie the utility’s debt jumped from £3.4bn to £10.8bn, dividends totalling billions were also paid out. It’s entirely possible large fees were also paid from TW to the owners. The pension schemes came in later, their members money is now potentially at risk. | | | |
| Thames water. on 01:05 - Apr 19 with 1071 views | DJack |
| Thames water. on 00:35 - Apr 19 by majorraglan |
That’s the case now, but it wasn’t always that way. Under the ownership of the Australian banking and investment group Macquarie the utility’s debt jumped from £3.4bn to £10.8bn, dividends totalling billions were also paid out. It’s entirely possible large fees were also paid from TW to the owners. The pension schemes came in later, their members money is now potentially at risk. |
Them pesky facts, eh! |  |
| It is far better to grasp the universe as it really is than to persist in delusion, however satisfying and reassuring. - Carl Sagan |
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| Thames water. on 07:02 - Apr 19 with 1047 views | Dr_Winston |
| Thames water. on 00:35 - Apr 19 by majorraglan |
That’s the case now, but it wasn’t always that way. Under the ownership of the Australian banking and investment group Macquarie the utility’s debt jumped from £3.4bn to £10.8bn, dividends totalling billions were also paid out. It’s entirely possible large fees were also paid from TW to the owners. The pension schemes came in later, their members money is now potentially at risk. |
And who owns Macquarie? Again, investment groups and pension funds. Anyone with a private pension will effectively be a shareholder in something. Yes, there will be some wealthy individuals involved, but most people will have no idea who or what their pension is invested in. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Thames water. on 18:55 - Apr 22 with 901 views | SullutaCreturned |
| Thames water. on 07:02 - Apr 19 by Dr_Winston |
And who owns Macquarie? Again, investment groups and pension funds. Anyone with a private pension will effectively be a shareholder in something. Yes, there will be some wealthy individuals involved, but most people will have no idea who or what their pension is invested in. |
What good the pension funds making money when the people who will receive those pensions won't be able to afford their bills? it doesn't balance out. How much of the money made form their shares ends up in a pensioners pocket? Very little I'd say. | | | |
| Thames water. on 22:52 - May 21 with 692 views | majorraglan |
Water companies in England and Wales want bills to increase by between 24% and 91% over the next five years, they say the increases will fund £100bn of spending over the period which will include replacing ageing, leaking pipes - shouldn’t they have been doing that for ages. There was a leak a couple of hundred yards up the road from us, it took them 6 months to fix it - they dug the road up three times and had traffic lights etc in place for each job. Whenever I went past the guy who was on his own was sitting in his van. It wasn’t a Welsh Water van, but one of these private companies who do the subcontracted work. Mental.
https://www.bbc.co.uk/news/articles/ce55vp78n40o | | | |
| Thames water. on 17:10 - May 22 with 603 views | SullutaCreturned |
| Thames water. on 22:52 - May 21 by majorraglan |
Water companies in England and Wales want bills to increase by between 24% and 91% over the next five years, they say the increases will fund £100bn of spending over the period which will include replacing ageing, leaking pipes - shouldn’t they have been doing that for ages. There was a leak a couple of hundred yards up the road from us, it took them 6 months to fix it - they dug the road up three times and had traffic lights etc in place for each job. Whenever I went past the guy who was on his own was sitting in his van. It wasn’t a Welsh Water van, but one of these private companies who do the subcontracted work. Mental.
https://www.bbc.co.uk/news/articles/ce55vp78n40o |
Dwr Cymru want a 43% raise. It's scandalous that privatised companies can ask for this when they pay their CEo's and board such high wages when they have clearly mad such a massive mess of running the company. | | | |
| Thames water. on 12:58 - May 23 with 559 views | howenjack |
| Thames water. on 17:10 - May 22 by SullutaCreturned |
Dwr Cymru want a 43% raise. It's scandalous that privatised companies can ask for this when they pay their CEo's and board such high wages when they have clearly mad such a massive mess of running the company. |
In the recent hot spell Bathers were prohibited from swimming at Barry Island due to the high concentration of sewage . | | | |
| Thames water. on 14:13 - May 23 with 536 views | fbreath |
| Thames water. on 17:10 - May 22 by SullutaCreturned |
Dwr Cymru want a 43% raise. It's scandalous that privatised companies can ask for this when they pay their CEo's and board such high wages when they have clearly mad such a massive mess of running the company. |
Dwr Cymru they always mention in their adverts Not For Profit, they don't mention the wages and bonuses that the top earners get. |  |
| We are the first Welsh club to reach the Premier League Simples |
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| Thames water. on 08:53 - May 30 with 448 views | sons_of_omri |
| Thames water. on 18:12 - Apr 4 by SullutaCreturned |
Undersold many might say and as for the dirty man, that is exactly what we are, pollution in our rivers and around our coatlines is disgusting.
Then dont forget the massively rising bills because, having given all their profits to shareholders, they now expect us to pay for the repairs they haven't been doing over the years. |
Privatisation has only two beneficiaries- the shareholders and the government. We the consumer are not amongst them.
And they sold it by convincing the public that “competition would lead to better services and cheaper bills”. 🤣 | | | |
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