this post was submitted on 27 Sep 2023
12 points (92.9% liked)

United Kingdom

4060 readers
44 users here now

General community for news/discussion in the UK.

Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.

Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.

Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.

Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.

If you think "reputable news source" needs some definition, by all means start a meta thread.

Posts should be manually submitted, not by bot. Link titles should not be editorialised.

Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] tenebrisnox@feddit.uk 5 points 1 year ago

Perhaps more people need to know who owns these companies and how ownership affects their operations.

My local company is 40% owned by JP Morgan and other hedge funds are involved in ownership. My understanding is that this is similar across many utility companies. Instead of service being their primary concern, it is the generation of revenue.

The catastrophic role of hedge funds in the UK cannot be overstated.