Thames Water boss and ex-Ofwat head refuses to apologise for letting companies increase debt
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- เผยแพร่เมื่อ 11 ก.ค. 2023
- The joint chief executive of Thames Water has refused to apologise for allowing water companies to increase their debt during her time as chief of Ofwat, the water regulator.
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Cathryn Ross's comments came during a parliamentary committee session with Thames Water bosses as concerns mount over the financial viability of the company. Thames Water has secured £750m of emergency funding from its shareholders but the debt-ridden company warned it would need further funding in the years ahead.
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#Water #ThamesWater #Ofwat #WaterIndustry #UK #News
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The head regulator goes on to become CEO of the largest water company - pure corruption.
This happens all
Over the world and they get away with it
She has nothing to apologise for. She knows exactly what she's done, she's done it with full deliverance and has no sympathy for all those she's stepped on to do it. Completely moral disengagement
Darren Jones is hands down the best questioner I’ve ever seen on any committee. Always manages to hold the powerful accountable.
Still nothing ever happens though does it.
The revoving door, "go easy on us when you're the regulator then we'll give you a cracking job".
The backpat society
How can someone be the head of the regulator and then become the CEO of a company that is controlled by the the regulator that they were head of. A MASSIVE CONFLICT OF INTEREST. She needs locking up for corruption….
how? money.
It is an absolute joke. She is an embarrassment he (Darren Jones) is a national treasure.
It's an integral aspect of conservative ideology.
Corruption simple as that
They don't even attempt to hide their corruption.
She is amazing. In all rhe worst possible way.
Prison for everyone of these worthless corrupt criminals ‼️
Send these Water bosses to prison if they pollute any river or the sea.
They are dumping even more sewage at the moment, surpassing the record-breaking levels at the time of this committee.
More crooks.
Why did she jump ship from OFWAT to BT and then Thames Water in 3 1/2 years?
How the heck can the former Chief of OFWAT be appointed as CEO of Thames Water, hypocritical at the very least, game keeper turned poacher, more than twisted.
It smacks of..." Change the rules while you're in charge of OFWAT so we can make huge profits, and in a year or two, we'll employ you as CEO where you can make a huge profit too". Isn't that just how politics work... the revolving door system!
Increase their debt?!? So they can continue shovelling money into their shareholders' pockets? Have I missed something?
No, its pure daylight robbery
Snouts in the trough. "Should i give myself a bonus this year?" - "of course!!"
Darren Jones and Chris Bryant brilliant questioners.
Sack her she is a public servant
Great questioning from Darren Jones👊
Yes great questioning but... NOTHING changes it's all a big con
Shameless.
I remember on the radio or television in the 1980s a representative of the water companies stating that prices needed to be so high to reflect the chronic need for investment in the UK water infrastructure. So where did it all go? I think we all know, and they are trying to do the same again or to just walk away from it all.
Did not perform still got bonus, same as all CEOs in all water industries.
Privatization of public works = lower quality or higher prices. Then destruction of the asset and bankruptcy. Always, everytime. In this case total DIVIDENDS paid = Private Debt Liability Assumed. Also known as "Embezzlement.' From the Public to the Tory Oligarchy.
She is a disgrace for not apologising!!!
This woman get paid over one year and a half million pounds a year, how did she ever get her job in OFWAT or as CEO at Thames Water, she is patently incompetent and possibly criminally negligent!
It’s those last two skill sets that got her the job at Thames Water 😂😂😂
I think we need to change the law to say all the management team would go to prison and sued for all their wealth if their companies goes under. Make the rule very simple so that if any company goes under during your tenure or after your tenure, you will serve a minimum of 10 years hard time with no time served. Change the laws!
That's a brilliant way to stop anyone ever going into business or becoming the boss of any company. The country would grind to a halt. Businesses and individuals go bankrupt every day. Corruption isn't usually the reason. I don't think you've thought this through.
The regulator is in bed with the water companies guaranteeing their profits while the customer gets ripped off.
If Starmer falls under a bus Darren Jones would be my choice for leader of the Labour Party.
Ofwat boss now thames water boss???
Renationalise immediately we have had enough of being taken for a ride.
So regulators should be scrapped then basically as they dont regulate
She needs Jailing If she thinks she is INTOUCHABLE she is not !
How can you sell something that was not yours to sell in first place
Is total incompetence a reason for the sack
CORRUPTION=It's NOT "incompetence"... It IS intencional.
Terrible what these companies do for profit
Even the waters corrupt in the UK 😭😂😂😂
C.O.R.R.U.P.T.I.O.N.
Grifter.
CRIMINAL
Yet another 'great' privatisation 'success'...
The conservative party wants to privatise OUR NHS.
Remember that.
It murdered 400k people last year.
The NHS is finished, as is the quality of water supply, due to crooks like this woman.
Clearly what needs to happen here is this Lady needs to go on cleaning out septic tanks duty for the next 30 years on a minimum wage....................Would that sink some reality in I wonder?
Another criminal
There is not excuses Water 💦 should be not privately run.
Why are theses questions asked after the horse has bolted.
Barry Gardiner is outstanding.
And there is reason why wool is not a problem as long there are sheeps!
Don't be a sheep!
How is it legally acceptable to pay shareholders dividends higher than profits made? It is a disgrace that so many shareholdings in British water companies exist off-shore in tax havens. Siphoning the money off forever to not be accountable.
Its going to be like the post office chaos all hot air and nothing done while they keep there pay offs
Ofwat to head of Thames Water. Nothing to see here....
Daren Jones is real quality
Well i aint paying it
What the financial status of Thames water six months later?
They couldn't handle s garden hose let alone a water company!!
Not sure about that. They would stick one end in your toilet bowl and the other in your drinking water 😂😂
Thames Water boss and ex-Ofwat head....???????? How could there possibly be a conflict of inerest (fkg sarcasm alert)
Prison for life.
Corrupting.
Примите Христа или в ад навечно
THE TERM THAT COMES TO MY MIND IS "GANGSTERS IN SUIT'S"!!!!!!!!
Send her to prison
WATER USERS AND THE TAX PAYER ARE GETTING FLEECED!!!!
@user-cd2jw2jp2v
6 seconds ago
Y do we need so many people and none take any responsible for anything