Submitted 2 weeks ago by Biscuitt@feddit.uk to unitedkingdom@feddit.uk
https://feddit.uk/pictrs/image/3bbaf668-e288-4296-8246-b8a2b4c6ef35.webp
They will run out of money altogether inside a year and cannot attract new investment at the moment.
They should not be paying any of the top level management at all, let alone paying them bonuses.
Nationalise the water, gas and electricity suppliers. Nationalise public transport, railways and buses especially. Sod shareholders and make the bloody things work properly and stay working.
I looked into this a bit, and nationalising the water companies is a sticky topic.
When Thatcher privatised them, the idea was the regular Joe would profit grim these companies when they did well, through share holdings. The issue was, the initial share price was much too high for the regular Joe to afford, which gave the opportunity to pension providers to buy much more stock, of said water companies.
Now if you nationalise said water companies, stock price would go to 0 and lots of pensions will get hit as well.
I fully agree that all those companies should be renationalised, I just don’t know how it can be done without tanking pensions.
Such shares would be a relatively small proportion of a pension company’s investment portfolio. This is the water companies’ argument and it, ahem, doesn’t hold water.
The government would have to take the hit and substitute the shares for bonds of equal or greater value. They should never lose value at least going forward.
Aren't Thames Water in such high debt that they just had a Government bailout?
If they've got the money to give these incompetent idiots such high raises, the Government ought to ask for its money back, cause they clearly don't need it.
You think these Thatcherite institutions care about the public or have some responsibility to them? Profits baby. Profits is all they give a fuck about. If you want to turn this around, renationalizing them is the only actual conversation to have.
Oh I agree. They've should've been renationalised years ago, but I'd equally take today since they've decided to abuse Government bailout money.
bUt YoU’vE gOt tO pAy FoR tOp TaLeNt, HaVeN’t YoU?
Codpiece@feddit.uk 2 weeks ago
That is taking the piss and emptying it directly into the river.