Thames Water potential collapse??

[SomersetDreams]

https://www.bbc.co.uk/news/business-66039170

CEO resigns row over her 1.6 mil bonus being taken away
sewage ruining the environment
billions in profit and on it goes
40% rise in bills

Anyone worried or have thoughts on this? Al the water companies need an overhaul and to stop polluting waterways and coasts

[hettiethehare]

Given Thames Water have been digging and redigging up every square inch of my bit of SE London over the last 5 years and STILL haven't sorted out all the major leaks, I don't hold out much hope.

The people who will end up paying will be the customers as usual in a monopoly business with no choice of provider.

[SunnyEgg]

So they’re talking about nationalisation is that right

[WestwardHo1]

It's on the news today that all of our water bills are going to considerably increase in order to pay for their fucks ups. I don't understand how this can possibly be legal.

As a single person household in the south west, I already pay as much as my sister does for her family of five in London. Absolutely scandalous.

[KateyCuckoo]

We have major issues in our village with sewage being leaked all over the farmland where cattle graze. They give zero shits!

[PerkingFaintly]

Privatise profit, socialise debt.

That's where all this "let the market decide" malarkey gets you when it's about essential public services rather than selling deeley boppers.

[GCAcademic]

They’ve prioritised dividends above everything else. The fact that this country allows this to happen to a resource that everyone recognises as a basic human need and right shows how fucked up we have become. Also, my husband went to see our Tory MP just a few weeks ago about the river pollution issue. She’s in the cabinet and formerly worked in DEFRA and claimed to not have a clue about the water companies polluting rivers with sewage. Talk about asleep on the job.

[Oblomov23]

It's all hyped today because of her resignation that was known about a few days ago. It'll sort itself out I'm sure.

[Spendonsend]

Its been badly managed for some time with no investment. I live near a village that is always running out of water and big tankers turn up to add water to the system. But its a known fault with a pumping station.

I assume it means the government bail it out?