Emeritus Prof Christopher May on Nostr: On privatisation, three decades ago, the water companies were passed to private ...
On privatisation, three decades ago, the water companies were passed to private investors debt free. Since then:
£78bn has been paid out in dividends
£64bn in debt has been taken o across the sector, and
£190bn has been spent on water infrastructure.... which given the current sewage & related crisis has been clearly inadequate!
Water from across England want increases in bill of up to 70% in the next five years.
Like the railways, (re)nationalisation looks like the rational answer
#water
£78bn has been paid out in dividends
£64bn in debt has been taken o across the sector, and
£190bn has been spent on water infrastructure.... which given the current sewage & related crisis has been clearly inadequate!
Water from across England want increases in bill of up to 70% in the next five years.
Like the railways, (re)nationalisation looks like the rational answer
#water