NotACube
@NotACube@feddit.uk
- Comment on Michael Gove named as Spectator editor after GB News backer’s takeover 2 months ago:
Inverse of the classic:
- Comment on BBC: Level crossing near misses and risk-taking caught on camera 5 months ago:
Saw the first clip in the video and couldn’t handle watching any more. I’m all for allowing people the autonomy to take their own sensible risks and avoid over safety-fying things, but some people are ridiculous (and selfish in this context). If you’re going to go over a level crossing when the barriers are closed, at least have the respect to run across, knowing that you’re doing something risky, rather than casually stroll through the danger zone!
- Submitted 7 months ago to unitedkingdom@feddit.uk | 2 comments
- Comment on The Great Sink of Thames Water 8 months ago:
One of the points made quite astutely in the FT comments section mentioned that ofwat was also strongly responsible for this.
Apparently the regulatory model is set up in the following way - in order to encourage investment in infrastructure, the calculated amount that customers are charged is based on a ratio of how much money is invested into infrastructure. Supposedly Thames Water and other water companies in England wanted to invest more in infrastructure, however ofwat did not allow it as they wanted to protect customers from price increases.
However what this all shows is that the regulatory model is absolutely broken. So not only is ofwat toothless in allowing a ridiculous corporate structure to be set up to obfuscate the silly financial leveraging going on, they are also operating on an entirely daily premise.
What it all shows is that trying to set up a functional privatised system for water companies that incentivises investment and works for citizens is extremely difficult, is prone to regulatory capture, is still under pressure from meddling ministers and ultimately costs more for customers and the government than servicing the government debt that would be used to pay for investment under a nationalised system.
Just bloody nationalised it.
- Comment on The Great Sink of Thames Water 8 months ago:
Bit to say I fully agree with the author’s viewpoint, but this article is a good, non-sensational, explanation of the current Thames Water situation. Worth a read if you’re interested in what’s actually going on.
- Submitted 8 months ago to unitedkingdom@feddit.uk | 4 comments
- Submitted 1 year ago to videos@lemmy.world | 0 comments
