Shares were priced well below value to guarantee a successful sale. It was a multi-billion-pound wealth transfer from consumers to shareholders. Privatisation was sold to the public as an efficiency measure – you’ll pay less for better quality water.
#John blockblock guardian inspection full#
English consumers pay the highest water charges, leaks are rife and waterways are full of excrement. Thames Water is collapsing under a mountain of debt and the other nine English water companies are in similar hock. I had this letter published in The Herald this morning: The author of the article is clearly clueless as there’s no fact evaluation going on. And the article is written is utter “he said she said” garbage. The whole article tells us that whoever was quoted knows absolutely nothing, they’re reading tea leaves. Also, all the comments by economists are reactive. And then, almost as an afterthought, people paid little and renters just manage to get a place at the end of the queue. And then we discover that it is wealthier people who have saved and are dipping into savings. And then the speculative comments by Thomas Pugh are plain bizarre, flatly contradicting himself, clearly demonstrating his utter cluelessness. And also, his weird reference to “high inflation environment” is suggestive of a natural phenomenon, clearly a deliberate misdirection away from this being human caused, on behalf of those vile humans causing it. For instance the reference to “excess savings” by Daniel Mahoney, tells us what he thinks about people having the temerity to have savings. It’s awful and some of what’s quoted is ugly. It is a sign that households are now using savings to sustain living standards, says Daniel Mahoney, UK economist at Handelsbanken. This was only partly balanced by £800m moved into National Savings and Investment accounts, by savers looking for higher rates than are available from deposit accounts. UK households ran down their bank savings at a record pace last month, new Bank of England data shows.ĭuring May, households withdrew £4.6bn from banks and building societies, which is the highest level of household withdrawals on record. “Squeezed households ran down bank savings at record pace in May And where exactly are many people going to find the money for substantially increased rates on their water bill to pay for the neglected investment in water and sewage treatment thanks to fool at the BoE?
0 kommentar(er)
