Nationalise it ffs, no payment no bailout needed. The infrastructure exists on British soil. The pension funds can't do anything more than cry ab it.
this post was submitted on 12 Mar 2024
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Its a bit more complex then that. The shareholders can sue the government. And under current laws would win as the value of the shares has been removed from them.
Of course. Parliment can make any rule they like. And UK courts are required to follow them.
But getting the majority of 650 politicians most of whome own shares. To agree to such a law. Aint happening with any current likely election result.
yes, what i meant is there are no economic constraints, only political ones.
Agreed.
And well worth pointing out at every oppertunity.
To many in the UK have fallen for the lie that nationalisation is inherently inefficient.
Without thinking beyond the right-wing properganda.
- if we as taxpayers and customers. Are paying more while getting less from privatised utilities.
How the hell are we measuring efficency.
- if nayionalised utilities are failing to be efficient. They are managed by government. And are able to act exactly as a private org.
Who is to blame. And who gains from creating an extra layer of privatised blame.
This is the best summary I could come up with:
Ministers must come clean on the secret details of an emergency plan for a taxpayer bailout in the event of Thames Water collapsing, a Liberal Democrat MP has said.
Sarah Olney will press in parliament this week for details of a behind-the-scenes rescue operation being drawn up for the biggest privatised water company in England.
Olney wants details of the contingency plans, which are codenamed Operation Timber and being run by Tamara Finkelstein, the permanent secretary at the Department for Environment, Food and Rural Affairs, to be made public.
“This Conservative government’s refusal to make their contingency plan in the event of Thames Water’s collapse, public, is nothing short of a cover-up,” Olney said.
Emma Hardy, the Labour MP for Kingston upon Hull and Hessle, said the move reflected “the desperate and perilous situation that the sector had reached, with many companies on the precipice”.
Water companies on Tuesday announced details of plans to remove 150,000 annual sewage spills by 2030, making nearly 9,000 storm overflow improvements in a £10bn investment over five years.
The original article contains 647 words, the summary contains 174 words. Saved 73%. I'm a bot and I'm open source!