Private Eye, almost a decade ahead of the game on Thames Water.
#Greedflation #CapitalistBastards #PrivatisationIsAGrift

Deputy Political Editor of the FT Jim Pickard with the simplest explanation of the water situation:

- water companies had no debt when they were privatised

- since then they gave borrowed £53bn

- much of this has been used to help pay £72bn in dividends

- interest rates have now spiked

- what could possible go wrong?
#PrivatisationIsAGrift #UKPolitics #ThamesWater

So Thames Water is being nationalised (Operator of Last Resort). How many "emergency nationalisations" is that now?
#PrivatisationIsAGrift #UKPolitics

On the Thames Water collapse, and the failure of Government and regulators, here's Feargal Sharkey on the other place:
""Plans drawn up for emergency nationalisation of Thames Water - latest updates."
Who has the board anointed to run TW until a new CEO is found? Why Cathryn Ross former CEO of @Ofwat the industry regulator responsible for this sorry mess, I sh*t you not!"
#PrivatisationIsAGrift #UKPolitics #Greedflation #ToryIncompetence

@brewdog1950 So it goes a little something like this
May: Thames Water CEO performatively gives back bonus
June 27: Thames Water CEO resigns in the middle of a Tuesday afternoon (as you do)
June 28: Thames Water announce £14bn debt.
Totally normal (privatised) island.
#PrivatisationIsAGrift #UKPolitics #CostOfVotingToryCrisis