The Sorry Tale of Our Water Companies.

[Ifwecouldjust.......]

It's is hard to think of another privatised industry that has been more of a failure than the water industry sadly.

No its not ...... pick any of these

Rail

Energy

Probation Services

Border Farce

Royal Mail

Steel

Shipbuilding

British Telecom


etc etc Any thing that the Tory chancers have sold off

 

[inchy14]

I dont actually think you need to forcibly nationalise them. Just impose the appropriate fines for every pollution event ans only allow them to raise bills by inflation before paying shareholders. That was they may go insolvent and if they did they could then swiftly be brought under state control retaining the essential staff while removing the very top management? Just an idea. Shareholders take the risk in all private companies. And so far they have taken little if any risk?

Fergal Sharkey has been saying this for years.
I agree with you and @gordondaviesmoustache preposterous that water is in private hands.

 

[Earlyriser]

Whoever allows any company/ utility/industry to have investment from Private Equity should be disbarred from any financial role for life

 

[Metal Biker]

Own the water, pollute the water, increase the rates and tell the public it's because you need to clean the water you yourself polluted.

Simplistically evil.