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#watercompanies

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Filling in a bit of polling by 38Degrees, on water companies in UK, I found myself writing:
"Our water and sewage system has been, in effect, robbed of past investment. The money that should have funded infrastructure and better service has, instead, ended up in vulture capital and overpayment of executives and dividends. The companies need to have their rules explicitly tightened to include proper investment and targets for clean water, sewage treatment and the future-proofing of infrastructure (including for climate change). There should be stringent punishments for non-delivery and there should be a realistic restorative element (ie the failure to properly invest in the past should be made up for). If companies cannot do this, then their fall in value will enable them to be taken into public ownership and the remedying can be more directly directed by the nation."
#ukPolitics #WaterCompanies #inequality #nationalisation

One of the promises of privatisation is that the free market would bring improved efficiency.

This isn't remotely a free market. In a free market, companies who fail go bust and, if they provided something useful, get replaced by someone who does it better.

This is just legalised extortion.

It really is time to let the water companies go bust and nationalise them.

#WaterCompanies #OFWAT #ShitInRivers

bbc.co.uk/news/articles/c8elew

BBC NewsWater bills set to rise by more than expectedThe regulator will allow higher bills to fund growing costs and investment, the BBC understands.

So if the water companies are fined an amount amounting to less than £10 per customer, but are allowed to put bills up by £94 per customer, I suggest that the fine is not a serious deterrent to lawbreaking.

May I humbly suggest a more appropriate punishment for water companies who break the law would be to fine the directors personally, or for serious breaches, jail them.

That would be an actual deterrent.

#WaterCompanies #OFWAT #ShitInRivers

bbc.co.uk/news/articles/c0r84l

BBC NewsWater companies must return £158m on customer bills - OfwatOfwat reviews water companies against metrics including pollution, customer service and leakage.

We want change, we'll be getting this for the next five years while Labour shovel out excuse after excuse for not doing anything about this greed.
They are not on our side, they are on the side of Money. Protest about it and they'll despise you and call you all the names under the sun.

How DARE you question your masters....

theguardian.com/environment/20

The Guardian · Six water firms in England ‘overcharged customers by up to £1.5bn’By Sandra Laville