Cordwainer
Well-known member
- Jul 30, 2023
- 671
@rseholes of the highest degree..will be interested to see reduction in pollutions and infrastructure improvements v dividend payments over the next few years.
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[Sussex] Southern Water rip off
- Thread starter stingray
- Start date
- Oct 17, 2008
- 15,755
Record profits incoming, bonus payouts for executives. Absolutely shameless.
Thunder Bolt
Silly old bat
It should never have been privatised in the first place. It was sold on the promise of the public holding shares (until a takeover meant compulsory share purchase) and lots of investment into the infrastructure.Quite. Water should not be in the hands of private profit making entities. They already charge exorbitant rates and fail to deliver a fit for purpose service..so what’s their answer? Charge us even more for likely the same profiteeringThey should be non profit organisations with any £ generated over running costs being reinvested back into the business not shareholders.
It was one big con.
I think the government should do the same as they’re doing with the rail companies and take them back into public ownership, make it clear that an excess £10 a month from each household will go on improving sewers, etc, which the public would find acceptable. They’d complain but find it acceptable as improvements can be seen.
Silver f Chariot
Member
- May 1, 2023
- 31
How much do you think it costs to run a water company? "exobtiant rates".. Interesting thought process.. Prices going up by 47% increase is just a catchy way of the media to grab headlines.. If I put prices up of a tea bag from to 2p to 3p its a 50% increase... % can get them to show you what you want....Quite. Water should not be in the hands of private profit making entities. They already charge exorbitant rates and fail to deliver a fit for purpose service..so what’s their answer? Charge us even more for likely the same profiteering
Silver f Chariot
Member
- May 1, 2023
- 31
" government should do the same as they’re doing with the rail companies and take them back into public ownership"#
And fund this how exactly? - increase your taxation? - Is that ok?
I don't have the answer, but some of the suggestions / statments i've seen are just absolutly astounding...
Green Cross Code Man
Wunt be druv
Welcome to NSC, which role do you have at Southern Water?
Silver f Chariot
Member
- May 1, 2023
- 31
I don't work at southern water.. I have nothing to do with them at all.
"does my Post count" make me a bad fan??
- Jul 10, 2003
- 28,294
Who had the brilliant idea of selling off the nation's basic infrastructure to enable private investors to profit from it in the first place
I'm sure that the £66B that has been paid out in dividends since privatisation and the 20% increase in executive pay for water and sewage companies just in the last year won't have helped.
But I'm sure you didn't come here for a lecture in communism
Green Cross Code Man
Wunt be druv
Nope, it was just a light-hearted comment.
I don't drink tea.
Silver f Chariot
Member
- May 1, 2023
- 31
Where do you think dividend payments go to? Ah the old Lets blame "executive pay" media strapline...Who had the brilliant idea of selling off the nation's basic infrastructure to enable private investors to profit from it in the first place
I'm sure that the £66B that has been paid out in dividends since privatisation and the 20% increase in executive pay for water and sewage companies last year won't have helped.
But I'm sure you didn't come here for a lecture in communism
Whats the solution then? -my opinion is the government off loaded it because they couldn't afford to carry on running and paying the costs to run an efficent service (Similar to so many other things) -so i. It was put in "private" hands to potentially try and resolve - It hasn't worked.. What's the next option? - what's your solution?
Cordwainer
Well-known member
- Jul 30, 2023
- 671
Great analogy..the difference between a couple of pennies and a couple of hundred pounds if not more a year. Presumably the tea still tastes like tea as you drink it, rather than leak all over your clothes or cause the deaths of thousands of aquatic flora n fauna after your pour the remnants down the sink?
Where’s dunce and his ROFL emoji when you need him?
Cordwainer
Well-known member
- Jul 30, 2023
- 671
Not one for feeding the trolls, but here you go
About us | Dŵr Cymru Welsh Water
Welsh Water is the sixth largest of the ten regulated water and sewerage companies in England and Wales.
corporate.dwrcymru.com
- Jul 10, 2003
- 28,294
Well the dividend payments don't go back into the companies or the countries infrastructure, and a significant proportion doesn't even stay in the UK. And you obviously think the water executives deserve their average 20% increase last year.
You think that the Government sold it off to private business because they couldn't afford to run it ? £66 Billion pound profit has rather put paid to that lie, hasn't it.
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Silver f Chariot
Member
- May 1, 2023
- 31
Brilliant response.. well structured argument....
So You highlighted in your original response that things have gone up by 47% and then in the next sentence claim that a 50% increase is fine as its only pennies"
And you asked for the Dunce Emoji....... Well done.
Tell me your solution for change and what the water company can do? - what's your plan? - or is it just to whinge and moan and join the rest of the "Outrage"...
Southern Water post-tax profit 2022-23 was £284.9m
Silver f Chariot
Member
- May 1, 2023
- 31
Yeah they probably do deserve their payrise - Who are you to say they don't what's your criteria..
Another "ranter" with no logical argument... "Shareholders dividends"... What a load of sh... I don;'t benefit from that.."
Silver f Chariot
Member
- May 1, 2023
- 31
Clearly they're not struggling for money.
- Oct 17, 2008
- 15,755
Jesus, their performance.
They literally went before MPs this month to explain why they are so shit.
And that summons isn’t even about the sewage crises they’ve inflicted on the environment, which is a massive issue in its own right