Our local, Thames Water, is so arrogant it voted its CEO a huge bonus for its 'performance'!
Ofwat has agreed the bandits can spend £88 million on infrastructure improvement. We, the poor bloody customer, will pick up the bill.
We are paying because for years profits have been lost in dividends and vast salaries to management.
Reed has taken a very tough line with the bandits.
The £88m must be ring-fenced to stop said bandits splurging it on salaries and dividends. Reed needs to do more. This £88m should be put into a government escrow account and paid out when conditions are met.
These water companies are adept thieves and need watching.
The comments in this Times article hit the nail on the head. Greedy bastards https://www.thetimes.com/uk/environment/article/water-bills-going-up-2024-payment-nnrmlfw93
ReplyDeleteThe UK is the only country in the world where a (Tory) government has handed over control of an absolute necessity of life - that can also kill - to international private investors. What could possibly go wrong?
ReplyDeleteThank goodness for a caretaker Labour Government
DeleteDo you remember all those basements flooded with sewage a few years ago? And all the rich people posting on here that they had hot solicitors and unlimited funds and were going to sue Thames Water for breach of contract and damages? What happened? Why do we never hear from them? Perhaps they could tell us?
ReplyDeleteHmm - a strange silence - - -
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