• Zip2@feddit.uk
    ·
    4 months ago

    Ofwat should only allow this on the provision that executives bonuses are removed, shareholders don’t receive any dividends for the next decade and the current heads of the water companies have to be dragged through a river every week.

    • GreatAlbatross@feddit.ukM
      ·
      4 months ago

      I've previously advocated for the the first 1000L of any sewage runoff to be directed through executive's houses.

      • Zip2@feddit.uk
        ·
        4 months ago

        Now that is a nice idea, but I wouldn’t be surprised if that just forces them into their holiday homes abroad.

        Isn’t there a church somewhere that still has a ducking stool? I’ve had an idea. Wonder if they’ll rent it out.

        • GreatAlbatross@feddit.ukM
          ·
          4 months ago

          If they leave the country, we can assign a man with a portable bucket of sewage.
          We will have no issues finding such a man: Most of Thames Water's customers would pay for the privilege.

          • Zip2@feddit.uk
            ·
            4 months ago

            As one of those people, I’m very happy to volunteer. Or maybe we make it compulsory like jury duty.

            • SturgiesYrFase@lemmy.ml
              ·
              4 months ago

              I currently live in Scotland, but I could do with a vacation to follow a rich removed round with a bucket of sewage

  • ᴇᴍᴘᴇʀᴏʀ 帝@feddit.uk
    ·
    4 months ago

    Water companies have been heavily criticised for widespread leaks and the amount of sewage being discharged, which critics have blamed on under-investment in the country's infrastructure.

    ...

    Southern Water is owned by Australian firm Macquarie which has faced fierce criticism for the period when it was Thames Water’s biggest shareholder.

    In five of the 10 years it owned Thames, the company paid out more in dividends than it made in profits, while debt rose from £2.5bn to over £10bn in the same period.

    "Mum, I need money to repair my bike."

    "We gave you money to repair your bike."

    "Oh I spent it on sweets for me and my mates."

  • Delascas@feddit.uk
    ·
    4 months ago

    Meanwhile, here in Scotland - where the water supply has always been publicly owned - Scottish Water announced it had received permission for an 8.8% annual increase.

    Source: https://www.scottishwater.co.uk/About-Us/News-and-Views/2024/02/Water-and-Waste-Water-Charges-2024-and-2025