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Thames Water privatisation ‘single biggest organised theft’ says Bastani | Dewbs & Co

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Aaron Bastani and Frank Furedi discuss the future of Thames Water following contingency plans for their funding.

#thameswater #uknews #uk #waterbill

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21 Comments

21 Comments

  1. @rdwaldsaxe-coburg666

    January 3, 2024 at 11:29 am

    EACH HOUSE BY LAW NEEDS A WATER CAPTURE DEVICE IN HOME OR BUSINESS AND FUNDING FROM GOVERMENT !

  2. @haruhisuzumiya6650

    January 3, 2024 at 11:29 am

    Blame Thatcher and the Tories

  3. @aposteriori421

    January 3, 2024 at 11:29 am

    We just need a bigger company to run more water supplies across the nation. Privatize further and consolidate. Water is too cheap and there are more profits to be made

  4. @scoobydoo5164

    January 3, 2024 at 11:29 am

    Maggie thatcher sold off everything to her pal's in the city for next to nothing now we're paying for it

  5. @bobmcalpine89

    January 3, 2024 at 11:29 am

    Should be looking at places where running water companies is a success. Municipal water control, small specialized companies that compete with each other for running municipal water operations may be the way to go.

  6. @kingsqueensrecordsbarbados9746

    January 3, 2024 at 11:29 am

    Listen lady, the State has to look after the less fortunate, therefore, in order to so do, the State must be able generate finances, and a State owned Water Company, a National Bank, Nation Insurance, National Airport and Seaport etc. Those Industries that are ran bad, is done so deliberately in order to privatise…………LADY, ANY investor wants to purchase your Ombudsman's Office ????? i don't think so, you ask yourself, why ????????? phucking brain dead people.

  7. @badoiuecristian

    January 3, 2024 at 11:29 am

    Is this presenter sane? You debate along the philosophical lines when the reality is you won't drink safe water tomorrow. Water needs to be run by communities they belong to with money from taxes. I pay huge taxes and i can't even have clean water this is madness.

  8. @daveblack8421

    January 3, 2024 at 11:29 am

    When a company what ever company own a utility such as water it must be written into law that it has to maintain the quality to a high standard before prioritizing its profits margin.duty of care.
    Thank god that as yet they have not managed to sell the air we breath to a utility company.
    Whome i am sure would find a way to tank and meter what we breath.

  9. @theexplosionist2019

    January 3, 2024 at 11:29 am

    As long as there's zero accountability and people keep voting for career politicians, nothing will change.

  10. @catch22again

    January 3, 2024 at 11:29 am

    Why the hell this water company was sold off in the first place is beyond me but to sell it to Chinese company is unforgivable. All the electricity , gas and water should never have been privatised in the interest of national security.
    What the he'll happened to buying British ?
    This water company should just be put back in public ownership and not give any money to this Chinese company !

  11. @cameronmurray3039

    January 3, 2024 at 11:29 am

    I’d like Michelle to explain to us what is so bad about Scottish Water. I live in Scotland and I’ve never heard of these issues that she failed to explain. As far as I can see, we have a much better service than folk in England.

  12. @jpo3801

    January 3, 2024 at 11:29 am

    Local governments . Absolutely .
    It shouldn't be a profitable entity . All profits should go on infrastructure and it should absolutely be run on a local system .
    Other countries have lower standards about how they clean our water.. were probably being slowly poisoned for all we know. We are idiots for letting it get to this and we are idiots the longer this theft and debacle goes on

  13. @regd.2263

    January 3, 2024 at 11:29 am

    Should go back to how it used to be water, gas, electric and Royal Mail all were public owned.

  14. @Mike-tb5gj

    January 3, 2024 at 11:29 am

    At a fairly young age, I was introduced to the world of "cost accounting". Most of you will be aware of this practice, but for those who have not come across it, the object is, when running a business for profit, to come to a figure which covers all your expenses in producing your product, then applying a profit (or "mark-up"). So, if your "widget" costs 15 pence per unit to produce, including energy, materials, equipment and labour costs, rent, etc., then one could sell a unit at say, 20 pence, or 25 pence – whatever the market will bear. There's your profit.
    With Thames Water, it is evident that none of this attention to cost and possible profit, have been ignored, in favour of a simple "make as much as we can". We see with every major infrastructure project, (i.e: main sewer replacement), the water Companies rely on increasing bills for the consumer, to pay for them. Do the clever accountants never factor in this kind of program? (I assume at this point that the building of dams, hydro-power plants, etc., would be under Government auspices – I do not expect water Companies to build dams!
    This is why I favour nationalisation of water (and not only water – I would also do that to energy – electricity and gas, and "renewables").
    To have an absolutely necessary means of life owned by a small group of grasping executives and shareholders is not correct in any way.

  15. @lorrainemacrae1865

    January 3, 2024 at 11:29 am

    This is more Government ineptitude. How much has been paid out to chief execs and shareholders while the company failed?

  16. @stevew6141

    January 3, 2024 at 11:29 am

    First farmers now energy and water companies, the nhs then our army and navy no doubt. Getting the picture. Your owned and belong to them

  17. @alpharomeogtv

    January 3, 2024 at 11:29 am

    This industry was sold off cheap in the late 80s, exactly what has been explained total theft with asset stripping and very little improvement in infrastructure as they are more interested in giving huge saleries and dividends to shareholders outside of the uk. They have the cheek to say that they are still having to deal with old antiquated victorian infrastructure that they have had since 1989 to sort out and now expect the customers to bail them out with huge rises in bills. This industry is a joke, run by incompetent idiots who live the high life at the customers expense. A total disgrace. Nationalise asap.

  18. @harnes64

    January 3, 2024 at 11:29 am

    This is Thatcher and her supporters doing this,years after their death.

    What next to be privatized?

  19. @nickwilliams1065

    January 3, 2024 at 11:29 am

    So having rinsed out every last drop of profit for their share holders and bosses bonus's, (sorry for the pun) guess who will be picking up the pieces when this mob go tit's up? Share holders??? Of course not as we saw when Lloyds names went screaming into their muesli coughing and spluttering about having to stump up money instead of receiving it as they had done for years with out complaint, or like when the greedy fat bankers nearly took the entire british banking industry to its death while filling their pockets every year, IT will be us the tax payer getting shafted yet again in a bail out while their executives get golden hand shakes worth millions and slip off to a new job where it matters not if you fail as there is always the TAX PAYER to save them. All utilities should be publicly owned and not for profit.

  20. @stevevenus1

    January 3, 2024 at 11:29 am

    Very good time for the government to takeover. Pick it up cheap if it's going bust.
    But then again nationalised industries usually end up with lack of investment because there is usually never enough money to go around and always something more urgent to spend it on. (build a new reservoir that may or not be necessary in times of severe drought, OR, build several new hospitals ??, for example)

  21. @johnbrereton5229

    January 3, 2024 at 11:29 am

    Though I'm far from a socialist, I agree with Aron Bastani. All our Utilities should be publically owned. Why? Because they are the life blood of any society and any profits should be usex to update and improve, not provide large bonuses for foreign executives who then leave us with a £14billion debt pile. Yet another EU initiative that turned bad, thank god we left.

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