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141

Water firms ask for bill rises of between 24% and 91% (www.bbc.co.uk)

submitted 6 months ago by Mex@feddit.uk to c/unitedkingdom@feddit.uk

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[–] thr0w4w4y2@sh.itjust.works 1 points 6 months ago (2 children)

yes that would be awesome, but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout, plus “service all the debt the company is in” which is another bailout, before you’ve even got started with fixing the horrible lack of investment over many years

[–] IchNichtenLichten@lemmy.world 2 points 6 months ago

but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout

The shares would be almost worthless.

plus “service all the debt the company is in” which is another bailout

Nope, the company would be wound up.

[–] ephemeral_gibbon@aussie.zone 2 points 6 months ago (1 children)

Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches

[–] thr0w4w4y2@sh.itjust.works 1 points 6 months ago

I’d be happy if that happened.