Adam Dalliance on Nostr: Thames Water have written to me saying that their prices are going to change, and ...
Thames Water have written to me saying that their prices are going to change, and claiming to explain why.
They say it's because
"water regulator Ofwat has finished their industry-wide price review. This is the basis for our changes."
Which is hardly a reason at all, they say
"It's vital that we invest in our network and infrastructure"
Which is true, but isn't the reason the bills must go up. They've had years to do this, they've borrowed the money to do it with.
But instead of using that borrowed money to upgrade or repair their pipe network, they gave it to shareholders in dividends.
The reason for the price increase is because they loaded up the company with debt and drained all it's value into the pockets of the owner class. Practically bankrupting the company so that it requires new cash injection in order to enrich its capital owners.
I see you Thames Water. 👀
I see you Ofwat, and the red and blue Tory parties 👀
#ukPol #thamesWater #privateization
They say it's because
"water regulator Ofwat has finished their industry-wide price review. This is the basis for our changes."
Which is hardly a reason at all, they say
"It's vital that we invest in our network and infrastructure"
Which is true, but isn't the reason the bills must go up. They've had years to do this, they've borrowed the money to do it with.
But instead of using that borrowed money to upgrade or repair their pipe network, they gave it to shareholders in dividends.
The reason for the price increase is because they loaded up the company with debt and drained all it's value into the pockets of the owner class. Practically bankrupting the company so that it requires new cash injection in order to enrich its capital owners.
I see you Thames Water. 👀
I see you Ofwat, and the red and blue Tory parties 👀
#ukPol #thamesWater #privateization