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Thames Water nationalisation plan could move bulk of £15bn debt to state
(www.theguardian.com)
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this post was submitted on 20 Apr 2024
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I like to mention it often, but in Germany state run water companies run self-sufficient and even make money to invest in keeping the infrastructure alive. In my city we have a water loss of less than 2% due to well maintained pipes. Thames Water is losing like 25%!
I still can't believe how this company got to grift the British people in broad daylight and is now asking for more to grift and government in charge still wants more of this.
Thames is the worst for loss. They claim its due to serving London. The age of the city and difficulty accessing many pipes due to shouting down traffic.
Sorta sounds reasonable. Untill you look at how much money has been taken out. Its clearly more about profit.