UK Infrastructure

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Thames Water barred from billing customers for pension shortfall (www.theguardian.com)

submitted 3 months ago by Mex to c/uk_infrastructure

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[–] Buelldozer@lemmy.today 21 points 3 months ago (3 children)

"In June, the Guardian revealed that Thames’ board approved a £150m dividend ..."

So they approved a 150m dividend while knowing they had a 156m shortfall in their pension system. What the...

[–] frazorth 5 points 3 months ago

That was after the £37m dividend they paid their owners.

[–] slazer2au@lemmy.world 4 points 3 months ago

Welcome to capitalism. Where the only people to win are the shareholders.

[–] Streamwave 3 points 3 months ago

IIRC, since privatisation the total amount of water company debt is roughly equivalent to the total amount paid out in shareholder dividends in the same timeframe