Have they tried not paying out billions in dividends from debt?
Also what’s this crap about temporary nationalisation? If we’re footing the bill we own the assets
wkavinsky on
And how many billions in dividends has it paid out to shareholders?
I bet if you adjusted that for inflation and market prices it would . . . work out about the same as the maintenance needed.
Handy-Wallhole on
Recall all of the directors and beneficiaries of dividend payments over the last 20 years and take all of those payments back, forcing the sale of theirs and their descendents’ homes to recover the funds necessary to bring the utility back to the state it would be had those dividends not being paid out.
Dapper_Otters on
How long does this need to go on? Are we going to bail them out every year?
Nationalise it.
ReliableValidity on
Can we please just take the fucker back. It hasn’t worked its, never worked lets cut the pantomime. Its water, it shouldn’t be owned by private interests. Greedy parasitic wankers.
DustyTalAntiQ on
I thought we only allowed the privatisation on the basis that they’d fix the infrastructure ?
matthieuC on
> Whitehall sources fear that it will inevitably face a form of temporary renationalisation that will ultimately come at huge expense for the taxpayer.
Why?
Let them go bankrupt and nationalize the assets at market price (which is probably 0 if they are in disrepair)
Shareholders and bondholders lose their money, capitalism is risk management
Right-Comedian-7164 on
No problem, just raise taxes and we will pay the bill.
NateShaw92 on
Are we absolutely sure these directors are not operatives of an enemy nation performing sabotage? Just a jokey comment please don’t take this as an actual theory.
SmilingWatcher on
Why have we not nationalised this?
Is there a fear that if we do it will devalue other privately owned infrastructure or something?
shaun2312 on
Stop paying out dividends and use the money you keep getting to fix your shit
11 Comments
Have they tried not paying out billions in dividends from debt?
Also what’s this crap about temporary nationalisation? If we’re footing the bill we own the assets
And how many billions in dividends has it paid out to shareholders?
I bet if you adjusted that for inflation and market prices it would . . . work out about the same as the maintenance needed.
Recall all of the directors and beneficiaries of dividend payments over the last 20 years and take all of those payments back, forcing the sale of theirs and their descendents’ homes to recover the funds necessary to bring the utility back to the state it would be had those dividends not being paid out.
How long does this need to go on? Are we going to bail them out every year?
Nationalise it.
Can we please just take the fucker back. It hasn’t worked its, never worked lets cut the pantomime. Its water, it shouldn’t be owned by private interests. Greedy parasitic wankers.
I thought we only allowed the privatisation on the basis that they’d fix the infrastructure ?
> Whitehall sources fear that it will inevitably face a form of temporary renationalisation that will ultimately come at huge expense for the taxpayer.
Why?
Let them go bankrupt and nationalize the assets at market price (which is probably 0 if they are in disrepair)
Shareholders and bondholders lose their money, capitalism is risk management
No problem, just raise taxes and we will pay the bill.
Are we absolutely sure these directors are not operatives of an enemy nation performing sabotage? Just a jokey comment please don’t take this as an actual theory.
Why have we not nationalised this?
Is there a fear that if we do it will devalue other privately owned infrastructure or something?
Stop paying out dividends and use the money you keep getting to fix your shit