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#thameswater

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How do we renationalise after 40 years of privatisation, minimum investment in infrastructure and complete failure to fix the leaks?

It will be incredibly expensive on taxpayers. But if we don’t…how long will it be before Londoners die of cholera and typhoid, while ‘profit’ is still extracted from #ThamesWater for shareholders?

Left is now #Green Party not #Labour.

Since 1989 £7 billion paid to #ThamesWater shareholders instead of upgrading the Victorian sewage system.

#Thatcher thought she could have her cake and eat it. Get the cost of overhauling national infrastructure off the government’s balance sheet, while overseeing progress.

Only one element happened…and her city mates got rich
leftfootforward.org/2025/03/gr?

Left Foot Forward: Leading the UK's progressive debate · Green Party co-leader calls for renationalisation of Thames Water during sewage works visit"With every passing day, it’s becoming clearer and clearer that 40 years of water privatisation has been 40 years of disaster."
Replied to Geri ❤️

@Geri

By any measure, #ThamesWater is a failed business as it cannot function without government support (i.e. subsidies).

If you or I "invest" (AKA "gamble") on the stock market we're always warned that our investments can go down as well as up.

Thames Water should be nationalised with no recompense to shareholders who must have known the risk of business failure when they invested 🤷

Whatley on #BbcQuestionTime refers back to when #Thameswater was publically owned and says that every time the government's budgets are put under pressure, there was difficulty. In so much as shall we spend more money on The NHS or shall we spend more money on the water companies and she said it was under invested

But this is not true.

Thames Water returned a profit every single year for ten years before Thatcher sold it