The problem with water privatisation as summed up by the FT:
'By the time Macquarie sold its final stake in Thames Water in 2017, the company had spent £11bn from customer bills on infrastructure. But far from injecting any new capital in the business — one of the original justifications for privatisation — £2.7bn had been taken out in dividends and £2.2bn in loans...
[Its] debt also increased steeply from £3.4bn in 2007 to £10.8bn at the point of sale'!
No comment(s) necessary!
#ThamesWater
Emeritus Prof Christopher May /
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2024-03-30 16:05:02
Author Public Key
npub12pw99cs5a6j6r56yafxt355j8h38hhw6fh3zwunhj99m3gv3nfds7zzvxnPublished at
2024-03-30 16:05:02Event JSON
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"content": "The problem with water privatisation as summed up by the FT:\n\n'By the time Macquarie sold its final stake in Thames Water in 2017, the company had spent £11bn from customer bills on infrastructure. But far from injecting any new capital in the business — one of the original justifications for privatisation — £2.7bn had been taken out in dividends and £2.2bn in loans...\n\n[Its] debt also increased steeply from £3.4bn in 2007 to £10.8bn at the point of sale'!\n\nNo comment(s) necessary!\n\n#ThamesWater",
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