4
Secret email from Severn Trent water boss to rivals: fend off nationalisation
(www.standard.co.uk)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Jun 2023
4 points (100.0% liked)
United Kingdom
4060 readers
301 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 1 year ago
MODERATORS
" [Labour] thinks there is room for improvement and, politically, there is significant pressure to ‘do something’ about utilities.
“One idea we believe might be attractive to the Labour leadership is re-purposing utilities and utility networks into a new breed of declared social purpose companies – companies that remain privately owned, who absolutely can (and should) make a profit, but ones that also have a special duty to take a long-term view.”
Won't somebody please think of the ~~children~~ shareholders!
The higher levels of companies are obliged to oppose this on behalf of their shareholders. If they do not, they run the risk of being removed. It would be hilarious, if the money wasn't coming out of our pockets for a utility we have no control over.
Forcing companies to take a long view is absolutely more sustainable, because it prevents boards of directors from bleeding a company next quarter to make this one look good.
Bleeding a company dry which is critical infrastructure and therefore the gov will have to step in spending tax ££ on it. These companies should've never been privatised.