notwithstanding we get our gas from Norway rather than through a 'disconnected' Russia / Ukraine pipeline - the given reason by the head of #Ofwat

Since creation as a private company, #thameswater has given £83 billion to its shareholders. It is now £19 billion in debt.

How has this been allowed to happen?

The uselessness of #Ofwat and the Environmental Agency that's how

NATIONALISE IT Today
. pay the shareholders off with gilts

It's only gonna get worse

Xx

“Clive #Lewis [MP] leads 30 MPs calling for toxic Thames Water to be placed into Special Administration”

by The Canary @thecanaryuk @UKLabour

“The MPs argue this is necessary to prevent an expensive and inequitable market bailout, which would saddle households with additional costs”

https://www.thecanary.co/uk/news/2025/01/31/thames-water-administration/?__s=pw3ygmyxve9etudpqdrh

#Press #UK #ThamesWater #Ofwat #Administration #Bailout #Labour #Starmer #Reform

Water should be owned by us all, not privatived.

The UK #water regulator #Ofwat has called for bills to rise by 21% in real-terms to save water companies from financial collapse.

Screw that - they should be taken into public owenership:

https://weownit.org.uk/act-now/stop-the-shareholder-bailout-no-bill-hikes

#Ofwat seems to be a retirement home for ex-water board directors, too

1,000s of Southern Water Customers are without water on the morning where #Offwat announces an average 36% increase in bills. Southern Water will be putting their bills up by 53%!!

The director of #Ofwat, that useless organisation, the one that asked the companies not to put up the bills by more than 21%, is on the TV saying the increased revenue will, "allow record levels of investment."

Chump