Its not just investors draining Thames Water of funds;
TW is spending £15mn a month on advisors & consultants (on restructuring), most of whom are lawyers.
Overall cost of 'saving' TW is projected to reach around £200mn in 2025.
One might conclude, that this second bite of the cherry (the first being the dividends paid out instead of investing in infrastructure) mean TW's bills are a direct transfer to the rich from its customers!
Professional welfare?
#water #sewage #inequality
h/t FT
TW is spending £15mn a month on advisors & consultants (on restructuring), most of whom are lawyers.
Overall cost of 'saving' TW is projected to reach around £200mn in 2025.
One might conclude, that this second bite of the cherry (the first being the dividends paid out instead of investing in infrastructure) mean TW's bills are a direct transfer to the rich from its customers!
Professional welfare?
#water #sewage #inequality
h/t FT
