flatandy
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Post by flatandy on Apr 6, 2024 10:08:43 GMT
Remind me again who's policy it was and which government was in power and made the decision, against the advice of Her Majesties Loyal Opposition, the privatize the water companies. Take your time. I choose 2007. "In one year (2007) Thames paid out more than £650 million in dividends, even though its profit was £241 million. Sixteen years later Ofwat finally moved to stop the companies paying “themselves” in this way. Or it thought it had." You know that picking random years where TW acted badly isn’t what Voice was asking. Still, it’s a relief to find that even our most ardent Thatcherites agree that she was wrong. |
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flatandy
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Post by flatandy on Apr 6, 2024 10:10:09 GMT
1989 is the year you’re looking for, by the way
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mids
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Post by mids on Apr 6, 2024 10:12:30 GMT
We've been assured that All Is Well regarding our pensions. This is despite the fact that it's all Labour's fault.
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Post by perrykneeham on Apr 6, 2024 10:52:10 GMT
Yeah, there's more that a whiff of Tony Blair's WMDs about that.
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Post by perrykneeham on Apr 6, 2024 10:53:14 GMT
I choose 2007. "In one year (2007) Thames paid out more than £650 million in dividends, even though its profit was £241 million. Sixteen years later Ofwat finally moved to stop the companies paying “themselves” in this way. Or it thought it had." You know that picking random years where TW acted badly isn’t what Voice was asking. Still, it’s a relief to find that even our most ardent Thatcherites agree that she was wrong. Bollocks. That's one privatised utility. |
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Post by perrykneeham on Apr 6, 2024 10:54:18 GMT
The problem wasn't privatisation, but governance. Corporate and legislative.
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mids
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Post by mids on Apr 6, 2024 10:55:29 GMT
Labournance, as we say.
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flatandy
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Post by flatandy on Apr 6, 2024 11:02:55 GMT
The problem wasn't privatisation, but governance. Corporate and legislative. Wrong. The problem is private ownership of an essential public good. Any business that can’t be allowed to fail, and any business that can only exist as a monopoly, should not be private. Water fails on all fronts. Privatizing water was a dogmatic rather than rational decision. It’s not like privatizing manufacturers. |
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voice
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Post by voice on Apr 6, 2024 15:30:48 GMT
Remind me again who's policy it was and which government was in power and made the decision, against the advice of Her Majesties Loyal Opposition, the privatize the water companies. Take your time. I choose 2007. "In one year (2007) Thames paid out more than £650 million in dividends, even though its profit was £241 million. Sixteen years later Ofwat finally moved to stop the companies paying “themselves” in this way. Or it thought it had." Well yeah you would, but tell me again who sold off the water companies in order to set up the fiasco in the first place, who's policy was this. Take your time |
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Post by perrykneeham on Apr 6, 2024 15:31:15 GMT
Bollocks, again. It's one utility company. One.
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Post by perrykneeham on Apr 6, 2024 15:33:30 GMT
I choose 2007. "In one year (2007) Thames paid out more than £650 million in dividends, even though its profit was £241 million. Sixteen years later Ofwat finally moved to stop the companies paying “themselves” in this way. Or it thought it had." Well yeah you would, but tell me again who sold off the water companies in order to set up the fiasco in the first place, who's policy was this. Take your time The Conservatives successfully privatised many moribund, union-infested, public utility companies. One is in the shite, because successive Governments and government failed to get a grip. |
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voice
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Post by voice on Apr 6, 2024 15:36:24 GMT
It's one of you ignore every other and their various problems such as failing infrastructure due to a lack of investment across them all, dividend above maintaining pipes is an issue for them all, as is dumping raw sewage in rivers across the country cos that's cheeper and won't cut into profits.
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Post by perrykneeham on Apr 6, 2024 15:37:35 GMT
It's one of you ignore every other and their various problems such as failing infrastructure due to a lack of investment across them all, dividend above maintaining pipes is an issue for them all, as is dumping raw sewage in rivers across the country cos that's cheeper and won't cut into profits. Agreed. It's an utter f**k**g disgrace. Criminal, I suspect we'll discover. Except that that happened under public ownership of course. |
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voice
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Post by voice on Apr 6, 2024 15:39:54 GMT
Well yeah you would, but tell me again who sold off the water companies in order to set up the fiasco in the first place, who's policy was this. Take your time The Conservatives successfully privatised many moribund, union-infested, public utility companies. One is in the shite, because successive Governments and government failed to get a grip. Almost there, yes they sold off public assets out of miopic ideology. And it's been far from a glorious success has it, well unless you think swimming in sh!t is a price worth paying. |
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Post by perrykneeham on Apr 6, 2024 15:43:51 GMT
Again, those rivers are a damned sight cleaner than they were.
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Post by perrykneeham on Apr 6, 2024 15:47:20 GMT
Selling off public assets is not always a bad thing, especially if they're coming to the end of their useful life and you can't afford to start again. Bear in mind that Thames Water (formerly the Metropolitan Water Board) was originally a consolidation of 8 private companies.
There you go. Circle of life.
The same goes for council houses and the 50 year property cycle.
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flatandy
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Post by flatandy on Apr 6, 2024 17:40:21 GMT
Again, those rivers are a damned sight cleaner than they were. Yay for EU directives! |
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flatandy
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Post by flatandy on Apr 6, 2024 17:41:56 GMT
Selling off public assets is not always a bad thing, especially if they're coming to the end of their useful life. Finally! We’re going to sell off the military and only pay for the tiny fraction we ever use. |
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Post by perrykneeham on Apr 6, 2024 18:28:43 GMT
Again, those rivers are a damned sight cleaner than they were. Yay for EU directives! Agreed. But they have also given the water companies a get-out-of-jail card. |
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Post by perrykneeham on Apr 6, 2024 18:30:21 GMT
Selling off public assets is not always a bad thing, especially if they're coming to the end of their useful life. Finally! We’re going to sell off the military and only pay for the tiny fraction we ever use. The 1960s called and want their lapel badges back. All of them. And the posters. |
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