beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,014
Quit thinking
Prices charged have to include £100m's of divvi's required to be paid out, money that could/should be used on further improvements.
under public ownership the financials include £100m's to pay bond holders for the money government borrows. everyone ignores. in fact the typcial profit margin in regulated industries is less than the interest rate of government bonds historically. the other thing everyone ignores is that, for all the incidents of poor sevice from private utilities, it wasnt any better under public ownship, often far worse (any one recall having to rent phone from BT?).