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Thames Water seeks court approval for emergency cash

⁨25⁩ ⁨likes⁩

Submitted ⁨⁨2⁩ ⁨months⁩ ago⁩ by ⁨solarpunkandrobots@feddit.uk⁩ to ⁨unitedkingdom@feddit.uk⁩

https://www.bbc.co.uk/news/articles/cqjvg2rdr2eo

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Comments

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  • TheGrandNagus@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Let it run out. Businesses should be allowed to fail. That’s capitalism.

    If the state want to buy the assets for a bargain price, so much the better.

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    • d00ery@lemmy.world ⁨2⁩ ⁨months⁩ ago

      Yep, how can the benefits of competition and reward play out if there’s no punishment for failure.

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      • Emperor@feddit.uk ⁨2⁩ ⁨months⁩ ago

        Capitalism for the poor, Communism for the rich.

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      • Denjin@lemmings.world ⁨2⁩ ⁨months⁩ ago

        They didn’t even fail, the company was intentionally brought to the edge of bankruptcy by taking out huge loans it could never hope to repay so they could fund bigger dividends. Then the people responsible got nice big payouts as they walked away.

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        • -> View More Comments
  • chaos3361@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Let them go bankrupt, then nationalise them

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    • tenebrisnox@feddit.uk ⁨2⁩ ⁨months⁩ ago

      This. Exactly.

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  • StarlightDust@lemmy.blahaj.zone ⁨2⁩ ⁨months⁩ ago

    Really love how they never consider cutting their board’s pay.

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  • Naich@lemmings.world ⁨2⁩ ⁨months⁩ ago

    Need to top up their executives’ pay somehow.

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  • NigelFrobisher@aussie.zone ⁨2⁩ ⁨months⁩ ago

    How about they clawback some of the fat dividends they’ve been paying out?

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