Privatised Utilities

Overseas investors bought into the principle of tied profits, little risk, massive dividends (either directly or by siphoning off money through loans from overseas vultures, whoops investors) and no down side.

theguardian.com/business/2024/…

Thatcher must be proud. Now the great extrication.

#UkPolitics #Water #Privatisation #Utilities #Theft #Greed #Corruption

Thames Water supply ‘on knife-edge’ with £23bn repairs needed

Exclusive: Company has failed to tackle serious safety concerns or upgrade vital IT systems, Guardian investigation reveals

^{Anna Isaac (The Guardian)}