Thames Water

HellsBells said:
Personally I don’t understand how a monopoly can be a profit making company. If I have no choice from whom I buy the product that I need, then the company cannot make a profit. It’s immoral and it’s against capitalist business practices. We stop monopolies as a result of mergers for a reason.
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Let's hope the incoming government privatises these private monopolies..................
Alfies Hat said:
Let's hope the incoming government privatises these private monopolies..................
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Nationalises.
 


Mental how it's perfectly legal to be in billions of debt and pay out money to people. It's effectively a Ponzi scheme. Someone's going to have to pay the piper, and you can sure it'll not be anyone making money out of it right now.
 
Alfies Hat said:
Let's hope the incoming government privatises these private monopolies..................

Nationalises.
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You've got no chance of that happening starmer et al will be as bad as sunak and friends in cosying up to the monopolies and doing nowt about their deteriorating infrastructure.
At the end of the day Joe public will be shafted once again to pay for upgrades and paying out dividends.
 
Alfies Hat said:
Let's hope the incoming government privatises these private monopolies..................

Nationalises.
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We don’t have the money to nationalise these though.

What they need to do is set up a state owned competitor to them and then that stops the monopoly and all profits are ploughed back into the company. I think that’s what they are doing with energy.
 
The shareholders (in order of the size of their holdings) are:
  • Canadian pension fund Omers
  • Britain’s Universities Superannuation Scheme
  • Infinity Investments (which is owned by Abu Dhabi’s sovereign wealth fund)
  • British Columbia Investment Management Corporation
  • UK-based investor Hermes GPE
  • sovereign wealth fund China Investment Corporation
  • Queensland Investment Corporation
  • Aquila GP (a subsidiary of investor Fiera Infrastructure)
  • Dutch pension fund Stichting Pensioenfonds Zorg en Welzijn.

Fuck em all.
 
Squat said:
i dont understand how a monopoly can be allowed to borrow money to get into huge debt while still paying out billions to shareholders without putting some of that money into keeping the service maintained to an acceptable level. the service should come first then the shareholders get whats left.
but i guess its a private business and can do all of that as there's noone to stop them. ofwat are clearly of little use like most regulators these days.
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I'd say it's Fraud and Theft on an industrial scale.
 
WashFTM said:
You've got no chance of that happening starmer et al will be as bad as sunak and friends in cosying up to the monopolies and doing nowt about their deteriorating infrastructure.
At the end of the day Joe public will be shafted once again to pay for upgrades and paying out dividends.
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Really. What evidence do you have that Labour will simply allow this Tory sanctioned con to continue?
 
S.S.R.. said:
Mental how it's perfectly legal to be in billions of debt and pay out money to people. It's effectively a Ponzi scheme. Someone's going to have to pay the piper, and you can sure it'll not be anyone making money out of it right now.
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You know who ends up paying for it
We do tax payers
Privatise the profits
Socialise the losses

If this happened in China the ceo would of been dragged off to penal servitude
 
HellsBells said:
Personally I don’t understand how a monopoly can be a profit making company. If I have no choice from whom I buy the product that I need, then the company cannot make a profit. It’s immoral and it’s against capitalist business practices. We stop monopolies as a result of mergers for a reason.
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can i like this more than once?
Billericay Dichio said:
The shareholders (in order of the size of their holdings) are:
  • Canadian pension fund Omers
  • Britain’s Universities Superannuation Scheme
  • Infinity Investments (which is owned by Abu Dhabi’s sovereign wealth fund)
  • British Columbia Investment Management Corporation
  • UK-based investor Hermes GPE
  • sovereign wealth fund China Investment Corporation
  • Queensland Investment Corporation
  • Aquila GP (a subsidiary of investor Fiera Infrastructure)
  • Dutch pension fund Stichting Pensioenfonds Zorg en Welzijn.

Fuck em all.
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british profits for foreign owners.
 
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Billericay Dichio said:
The shareholders (in order of the size of their holdings) are:
  • Canadian pension fund Omers
  • Britain’s Universities Superannuation Scheme
  • Infinity Investments (which is owned by Abu Dhabi’s sovereign wealth fund)
  • British Columbia Investment Management Corporation
  • UK-based investor Hermes GPE
  • sovereign wealth fund China Investment Corporation
  • Queensland Investment Corporation
  • Aquila GP (a subsidiary of investor Fiera Infrastructure)
  • Dutch pension fund Stichting Pensioenfonds Zorg en Welzijn.

Fuck em all.
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So basically they're paying for other countries pension schemes, then tell 3.5 million female pensioners, hold on when we said you get your pension at 60 ,we've changed our mind you have to work until you're 66 . Meanwhile billions are siphoned off for pension funds all over the planet.
 
HellsBells said:
We don’t have the money to nationalise these though.

What they need to do is set up a state owned competitor to them and then that stops the monopoly and all profits are ploughed back into the company. I think that’s what they are doing with energy.
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I'm not sure how that would work, with Thames Water owning the infrastructure.

I think a policy of not stepping in to save them if they are about to go bust, then taking over the bankrupt company is the best option (for all privatised national infrastructure).
 
Lord Nigle said:
Really. What evidence do you have that Labour will simply allow this Tory sanctioned con to continue?
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What evidence do you have that they will alter anything.
They had 13 years to do something and did sweet nothing apart from ripping off pension funds of workers with their tax grab.
They won't change anything.
 
WHD said:
I think a policy of not stepping in to save them if they are about to go bust, then taking over the bankrupt company is the best option (for all privatised national infrastructure).
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This seems to be an issue that is energising the electorate. If the Tories give Thames a bail out of any sort I can see even more defections to the left and right.

Definitely an issue to keep banging on about in the run up to the election.
 
Billericay Dichio said:
This seems to be an issue that is energising the electorate. If the Tories give Thames a bail out of any sort I can see even more defections to the left and right.

Definitely an issue to keep banging on about in the run up to the election.
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There's no ideological reason for the tories to bail it out.

Their philosophy is private companies take risks so should be allowed to keep the profits, and conversely if they fail they should be left to go bust.

Which just goes to show, applying this philosophy to an essential service with no competition is absolutely insane.
 
WHD said:
I'm not sure how that would work, with Thames Water owning the infrastructure.

I think a policy of not stepping in to save them if they are about to go bust, then taking over the bankrupt company is the best option (for all privatised national infrastructure).
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Who would own the infrastructure if they went bankrupt? Thames water wouldn't be anymore, so could the government not offer to take on the whole of it at a knock down price ? I'm no financial expert.
 

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