Thames Water rescue deal blocked, nationalisation moves closer

naffdoodaa.bsky.social29

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

Jo VanEvery28

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

Tea Junkie27

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

Chris Hook23

Market? Like I can choose my water supplier?

✿ Fern ✿17

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 Vliet15

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

/Mai/ Opine 🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧🇪🇺♂️ #WCNSF13

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

Simon 🪗7

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

Andrew Middleton7

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

David Neil Robinson6

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

Geoff Smith6

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.

ampallanguk.bsky.social6

*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!

Lord Sn0rter 🐾🐾🐷5

As it always should have been

Syd Barhey Esq. FCA. #FBPE5

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 !!

Colin Macqueen5

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?

Craig Grävling4

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

mja664

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

wonkyjonty.bsky.social4

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 Bland4

What a load of boardroom bullshit waffle.

tykebrahe.bsky.social4

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' 🤔

Chris Midgley2

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

4017xan.bsky.social2

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.

Per Damkier2

😵That👆 is some ninja-level corporate bullshit.

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.

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".

Mike Hitchcock2

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

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.

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

upyrs.bsky.social7

It's about time somebody in government did something positive. The question remains however.....what did Thatcherism actually achieve apart from making a certain tranche of society richer and the majority poorer?

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... 🥀

THaigh2

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