“Southern was not alone..Environment Agency data for 2020 showed water companies discharged raw sewage into rivers and coastal waters in England more than 400,000 times, up 37% on the previous year.” theguardian.com/business/2021/…
“Thatcher’s govt wiped out the industry’s debts prior to privatisation; since 1989 the industry has loaded it back up again with £48bn.
Research….found that the debt was not used to fix leaky pipes or treatment works but went straight into shareholders’ pockets.”
Research….found that the debt was not used to fix leaky pipes or treatment works but went straight into shareholders’ pockets.”
“shareholder divs since 1989 reached total of £57bn. In that time, customers’ water bills have increased by 40% above rate of inflation. It is the water users who have paid for upgrades to network, such as they are, while shareholders walk off with cash paid for by higher debt”
“England’s water system hosts the last of the privatised monopolies. You can shop around for gas and electricity, telephone and broadband. Not water.”
Thatcher’s spin genius was to make ppl believe privatisation = competition & efficiency.
Thatcher’s spin genius was to make ppl believe privatisation = competition & efficiency.
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