2mo ago

Thames Water: Please don't fine us, company asks regulator

www.bbc.com

12 comments

Fine them the maximum amount allowed by law so you can renationalise it as cheap as possible.
That would be real Labour Policy
- Well hang on now, maybe Starmer or his wife want a Jag. Let's not deny them the possibility
Sounds like an unviable business that is throwing worse loans after bad, and needs nationalising a decade ago.
But what do I know: I'm just a schmuck who's water bill just went up by a third.
The fine should be taken the form of shares transferred to the government.
They can buy them back once they show competency or they get fined later and give more shares up until the government gets a controlling interest.
- How many shares dose the company own?
  It is not normal for a ltd company to own it's own shares. It happens but it's not common.
  It is more likely public and leadership own them. At that point if you have the evidence to forcibly remove property from individuals.
  Prison is a better option. Or hanging.
- That's actually a pretty nice idea. Thing is they'd have to forcibly buy shares off the shareholders to sell to the government, might get messy. In principle however, sounds great.
  
  They could just dilute them by issuing new ones
"Thames Water's survival as a private company depends on the industry regulator Ofwat being lenient over fines and penalties, its boss Chris Weston has said."
BINGO, now cough up, asshole.
They don't deal with leaks anyway so I don't see the reason not to fine them. Perhaps we should require them to show the calculations they conducted to come to this conclusion, that should be funny.
Shit your entire civilsation requires to continue functioning should not be in the hands of self-centred, greedy, sociopathic "private interests".
Simple as that.
Don’t fine them nationalise them.
Meanwhile, follow @waterbot@mastodon.social for their latest shenanigans.
Since when was Father Jack in charge of Thames Water?

12 comments