Opinion: Thames Water makes case for renationalisation … now!
By UNISON’s head of environment, Donna Rowe-Merriman
Shadowy overseas private equity firms have sucked all the good out of Thames Water and saddled it with billions of pounds of debt. So reports that it is scrambling to find extra cash, after handing out millions of pounds to shareholders and bonuses to top bosses in recent years, are hardly surprising.
Even its shareholders won’t keep it afloat, having refused to pay £500m by the end of the month, saying regulatory requirements make its business plan “uninvestable”, and insisting that bills must go up – company boss Chris Weston told the BBC today that they nee...
Source: UNISON Health care news - March 28, 2024 Category: UK Health Authors: Amanda Kendal Tags: Article Blogs privatisation renationalisation sewage Thames Water water environment and transport WET Source Type: news
The business model for Thames Water has failed
Commenting on reports that Thames Water is scrambling to find extra cash as it handed out millions of pounds to shareholders and bonuses to top bosses in recent years, UNISON head of environment Donna Rowe-Merriman said: “It’s clear the business model for Thames Water has failed and the company is unviable.
“Even Thames Water’s own shareholders refuse to keep it afloat.
“Yet again, staff are facing an uncertain future with jobs at risk and no hope of much-needed investment. Customers will have to contend with poor water quality and rising bills.
“This utter chaos is further evidence the government need...
Source: UNISON Health care news - March 28, 2024 Category: UK Health Authors: Fatima Ayad Tags: News Press release Donna Rowe-Merriman Environment Thames Water Source Type: news
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Julius Baer cuts 2023 executive bonuses after Signa losses
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