Selling the family silver and telling people you are rich. Or selling your mortgage free house and going to live in a hotel, and calling that good financial planning.
@@ScandalUKNot for the holders of capital though; they've profited handsomely. It was almost as if the whole scam was planned in advance, wasn't it? And now, under the red, blue and yellow Thatcherites, the NHS is about to move to its next phase of private capture, in which treatment is not just delayed, but denied. Have a nice day, consumers. And sleep easy.
Agree totally, make the privatised water companies pay. Force them to retrieve the what I consider, illegal dividends and bonuses from shareholders. They didn't do what they agreed to when privatised.
It isn’t tough luck though is it? You say it as if money is akin to fossil fuels and that once it’s gone, it’s gone! But that isn’t true. Money always goes somewhere. So all this money that’s now needed to “fix” the problem still exists. It’s not luck; it’s now a political choice. Do we fund it by brow beating the already charged taxpayer and double dip everyone so they pay twice. Or do we renationalise water - which will still cost the taxpayers - but make the shareholders, CEOs, and dividend goblins pay the lion’s share? At least if we renationalise then our tax money is being put into something that invests in a critical public service and not fatcat bank accounts. Where we are isn’t what’s important because we’re here. It’s where we go next that matters.
@@stephenwakeman3074 if those who profit from it won't spend what it cost to put it right, it should be nationalised, this is the best opportunity to do it, we should also fight to have it nationalised for the future our family, not that we should have to fight for something that should be belong to the people, they've taken everything & it's not enough & now they want more.
Started with the Post Office (telephone bit) then gas, leccie, rail in fact every public service to foreign owned companies. Asset stripping on a national scale and now UK is owned by them. Biggest con of the last 200 years by far and the kick backs? Huge!
NFU lobbied to increase the amount of pesticides allowed in the UK’s drinking water. NFU asked for review of EU-derived protections as part of post-Brexit loosening of environmental regulations. In 2021 Tory MPs voted to ditch EU clean waters law, allowing raw sewage to be dumped into rivers. Next, pesticides? 😳🤢
@@happyslappy5203 To be more accurate the derogation was from the Nitrates Directive. Limiting the amounts of nitrates farmers could have on their land due to their farming. If you look at the River Wye, it's been open season for poltury farmers for years.
What needs to be done is a public enquiry into the performance of the various regulators and their ministerial masters over the past decades, Tory, Labour and the Lib Dems. We have all been appalled by the Post Office scandal and yet the greater financial debacle of the asset stripping of community property is ignored. Let's get them all up before a judge and have their mismanagement exposed to the world.
For several decades, this country - that would be YOU - spent £billions on cleaning up the waterways of the land and providing us with an almost guaranteed high quality, clean source of water to consume, all provided by the nationalised water companies. This wondrous state of affairs was to end with the privatisation of the water industry, where the only required positive outcome is to provide "shareholder value", that is, drain as much money out of the business as possible to the detriment of the actual "customer" - you. Ever since privatisation, the water industry infrastructure has been allowed to decay to the point that all of the £billions invested by US has been totally squandered with what amounts to years of asset-stripping. Now, those same asset-strippers are coming after YOUR money....... Having totally worn-out infrastructure means that an enormous amount of money is now required to make-good the damage and the way that they will raise the funds to do this is to charge you extra- a LOT EXTRA, for the privilege of having what you had paid for in the first place. Well done tories...................
I agree but the saddest part is that large chunks of the working class were persuaded to purchase that which they already owned all for the sake of a few squalid pounds.
That's not true. Govt investment in water had been low for decades before privitisation. Investment in water by 1980, was just one third of what it had been in 1970.
@@glyn6170 The majority of the rivers running through towns in this country were so polluted and poisoned, nothing lived in them. Even in the 1960's there were no fish in the Thames running through London, within 10 years, this had been cleaned to the point that there trout caught regularly by anglers. Now, rivers like the Wye and Severn are heavily polluted again.. I'm of an age to have witnessed this, what about you..... Oh and I worked in the engineering department of Anglian Water in the 1970s............
You are my Hero. Only you can save Britain. You are a true British Hero.❤❤❤ We are in a era where no one is looking at Rich Corporations legal financial Corruption. And Politicians are supporting ultra rich establishments. And our British Politicians are playing divide and rule with our ordinary working class and poor public. They just want to finish us. They might succeed but history will remember that there was one great human being Marina Purkiss who tried to name & shame these corrupt corporations and politicians. ❤❤❤ You will always be in my prayers 🙏🙏🙏🙏🙏
There is also, no element of competition. You can't get your water from anyone else. There is a road in Bury St Edmunds where the water has been leaking out to the road since December. People must have reported it as it is a busy street in the town centre. After they have paid their shareholders and fail to invest and then go into debt they want the government to bail them out.
Many of us in the West Country rely upon private water supply. When that runs out the answer is a basic “tough”, but the right to water is supposed to be enshrined in human rights law. Privatisation of essential services is a disaster and, frankly, a scam.
@@Craig121000 not sure who you were replying to, but my point was to show the conflicts these politicos keep shoving at us, i.e. on the one hand they say water is a human right and they enshrine that so called ‘right’ in law, then on the other they say water from the sky (rain) and owned by no one, is in fact owned by a large foreign corporation and if you have no water then tough. See, it’s a paradox that only they seem to get, probably because they do not expect to have to pay for anything (all on expenses). I’m guessing your comment was aimed at them, right?
I had my water company contact me to make a "water efficiency check" lol, which are basically the installation of devices that restrict the flow of water, all it does is make your water come out slower. I've had these devices elsewhere and all they do is make you need to turn on the tap for longer, it doesn't save you water. I said no thanks, G'day. I certainly don't keep my taps on any longer than I would need. These water companies need to fix their leaks, you are not going to pass this issue onto your customers. Fix it, get on with it, move quicker.
They broke a contractual agreement to invest - there was a legal requirement in the original contracts, only added to allow them an enormous discount when they bought it. Can't be nationalised now cuz it's all leveraged to the hilt with debt and the shareholders are pension funds.
What we need to do, is bring water companies back into public ownership, and end the privatisation on the water companies, which Margaret Thatcher did to make us Britain's poorer! Thatcher voters of the 1980s are to blame for our bad water pollution in the uk!
You said: "What we need to do, is bring water companies back into public ownership, and end the water privatisation of the water companies ..." Wonderful idea! But where is the money needed to bring the privatised water companies back into Public ownership going to come from? And don't forget, many of these water companies borrowed billions of pounds from banks, all secured against the assets of the water companies e.g. buildings, equipment, the underground pipe network, the land where the reservoirs, pumping stations and sewage treatment facilities reside. Are you going to pay off these loans too?
@@lamotiengodidal6511 there's plenty of money. The government is rich, celebrities are rich. So what the government should be doing is taxing wealth more and taxing energy and oil and gas companies more to get money, not letting them make more profit.
The water companies are some of the biggest land owners in the UK too. Not only do we need to take back our assets, we also need clawback laws so we can retrieve the public money that has been looted from the country and dumped in offshore accounts by these private companies.
If I was the government there, I'd go to those water companies and say "Listen, we're taking the water ways back from you. You clearly have not done what we expected you to do, meaning modernizing the 'Victorian water infrastructure', yet you have been raking in billions of pounds on profits over the years. Consider yourself bought out."
New word for robbery....privatisation! Are any of our privatised companies offering a better service than the messes we had before? Thatcherism failed!
Why can't we tell them to fix the sh*t first!! That was their job they didn't do it and prioritised profits for their shareholders. Nobody forced them to buy the water companies. If they make a loss and decide not to invest in the UK then so be it.. This is not the kind of "investor" this country needs. Sure if might scare a few other investors but we need to reassure them that as long as they are not acting criminal we won't punish them. Take back the water companies.. levi huge (fair, due to the sh*t leaks) fines on them making their business worth nothing so the government doesn't have to pay anything to take over these companies.
The privatisation of any public utility will definitely lead to higher prices very quickly and they will not re invest but siphon profits away to other countries. Australia is a perfect example
Giving value for shareholders is where it doesn't make sense. There shouldn't be shareholders in any service that we need to live, like water. It should be owned by all of us. We all need to use it. Why are some people allowed to profit from that need? Same goes for transport, gas and electricity and health.
It really irritates me when people say "It's done now, Nothing we can do..." When a service is privatized, The contract of sale comes with conditions, The most common being, The company MUST use profits to modernise the service! If the companies don't do this they are in breach of the sales contract and the service can be taken back, Not bought back but taken back!
Private business is there to make money for share holders (and directors bonusses). They are not there to provide a service, unless there is real competition. How can there be competition in water? Most of their costs is infrastructure so duplicating or better triplicating those, just so each consumer can switch supply, would be crazy. Natural monopolies need to be public.
Water companies should be taken back into public ownership without a penny in compensation to the shareholders. Indeed, any debts of the water company should remain with the shareholders.
Shareholders own the water companies, when the horrendous situation became established facts, they kept on putting their huge dividends pay outs in their bank accounts. A lot of those dividends landed in the company executives accounts because of their salary agreements.
Jeremy Vine, "But we are, where we are." What nonsense. Reviewing the root causes is the first thing you have to do before going off half cocked. As usual, well done Marina.
Big private companies will only ever cut costs. Innovation happens in small companies, that get swallowed up by big companies and "optimised" through "synergization" (i.e. cutbacks). Privatization will never invest in infrastructure, they'll only ever drive it into the ground.
privatisation can not work without proper competition. if we can not choose to go to a different company if we do not like what one company is doing then they can do what they want.
Missed the point. Some water companies like Thames have not paid dividends in 6 years. It is the vastly inflated boardroom salaries that should have been capped. The whole point of privatisation was to borrow cheap money (that the government couldn't & didn't want to do) & renew the infrastructure. Due to weak regulations & successive government indifference they have not done this on the scale needed. Marina is wrong when mentioning reservoirs: it is no good building them is the leakage rate is too high ( and it has hardly changed since privatisation: last 30 years)). Thames was actually stopped from building a reservoir in Oxfordshire due to the high leakage rate. They fudge the investment figures due to the London ring main & the new sewer that will move the outfall further into the estuary. OFWAT has been stupid in fining companies as the money never comes from profits, it either is put on bills, comes from reduced investment or the money has been borrowed & increased the indebtedness of the companies.
Right at this very moment, at 10:15 p.m. the fucking waterboard are in the street with a big tanker, causing a terrific din while I want to sleep. Piss take.
She's saying something relevant and germane and Kyle interrupts to say how many swimming pools that makes. FFS. And then the Tory tw*t disagrees, almost certainly because 'free market enterprise'. This is not free market enterprise, this is criminality. Amazing that there are so many things to hate the Tories for actually. Almost everything.
Yeah. Now that's one thing conservatives absolutely hate! Being held accountable, or their mates (who were gifted a water company and basically squeezed it for every penny without any investment whatsoever over 30 years) being held accountable for not delivering what they contractually are required to deliver.
@@markwelch3564 only on paper? what? only on paper. that's possibly one of the least accurate things I've ever had the displeasure of reading. only on paper. yeah sunak is only personally tied to a large corporation listed on the bombay stock exchange 'on paper', he himself being an ex hedge fund director, 'on paper'. Hunt the chancellor and landlord (only on paper) also has ties to hedge funds, but of course that's 'only on paper'. Then we could go down the list of them, some notable mentions could be - well take your pick - I'll choose shapps and his advocacy for the aviation industry. yeah, I wonder how he's doing these days in his defence brief. then at a broader level, there's certainly only an 'on paper' relationship between public office and lucrative "advisory" posts in the private sector. Yeah, nothing to see there at all. And of course, tufton street doesn't have anything more than an 'on paper' influence on appointments and policy, which actually isn't even 'on paper' but just in the minds of lefties or wokies and all that. yeah it's all totally 'on paper'. And if we want to look across the House, well, Starmer certainly isn't in the pocket of all of the above "think tanks" and media corps, and whatever other private interests there are. yeah sure, the massive majority he's about to win isn't going to be represented by the exact same interests at all - it's only on paper and in fact he's going to represent the general public and all their interests. sure. oh yes.
@markwelch3564 only on paper? that's possibly one of the least accurate statements I've ever read. sunak is only personally tied to a large corporation listed on the bombay stock exchange 'on paper', he himself being an ex hedge fund director, 'on paper'. Hunt the chancellor and landlord (only on paper) also has ties to hedge funds, but of course that's 'only on paper'. Then we could go down the list of them, some notable mentions could be - well take your pick - I'll choose shapps and his advocacy for the aviation industry. yeah, I wonder how he's doing these days in his defence brief. then at a broader level, there's certainly only an 'on paper' relationship between public office and lucrative "advisory" posts in the private sector. Yeah, nothing to see there at all. And of course, tufton street doesn't have anything more than an 'on paper' influence on appointments and policy, which actually isn't even 'on paper' but just in the minds of lefties or wokies and all that. yeah it's all totally 'on paper'. And if we want to look across the House, well, Starmer certainly isn't in the pocket of all of the above "think tanks" and media corps, and whatever other private interests there are. yeah sure, the massive majority he's about to win isn't going to be represented by the exact same interests at all - it's only on paper and in fact he's going to represent the general public and all their interests.
I would imagine if the government ran the water company it would cost a trillion a week and we would have to wait 9 month for our water to arrive. Look how great the NHS is doing.
Jeremy makes me laugh, why cut you off when you're speaking exactly what we are all thinking to allow someone to stick up for profits pouring out to shareholders over fixing the mess that they have caused by not investing in one of our life critical resources. A true devils advocate
This woman is talking rubbish. Investment in water infrastructure has been massively higher since privatisation than it would have been under nationalisation. The fact is that almost an entire Victorian infrastructure is gradually being replaced at a time when the population - largely through immigration - is increasing almost exponentially. The population of the nearest city to me has increased by around 10% in 5 years and people are still getting planning permission for houses even though the water company says the sewage system can’t cope. Sound bites are easy. Running a utility like this - when government effectively controls the price you can charge - is not.
Keep calling them out Marina, they are getting away with conning the public.
@neilmutch2994
Perhaps that's why they are called the con-servative party
The problem with Thatcherism is that you eventually run out of assets to sell to overseas investors so that they can rip off British consumers.
ye, j3vv luv 2 c it
That's why it's called sticking plaster politics, quick cash in return for huge pain later on. Thanks Maggie
Selling the family silver and telling people you are rich.
Or selling your mortgage free house and going to live in a hotel, and calling that good financial planning.
@@ScandalUKNot for the holders of capital though; they've profited handsomely. It was almost as if the whole scam was planned in advance, wasn't it? And now, under the red, blue and yellow Thatcherites, the NHS is about to move to its next phase of private capture, in which treatment is not just delayed, but denied. Have a nice day, consumers. And sleep easy.
Water is nationalised in Scotland you ard talking about English water Britain is not a country ffs
Marina is light in this Tory darkness, god bless here,
She right on the ball! Privatisation is for profit. Anything else is secondary to a private company.
It’s exactly the same with the rail privatisation. An absolute disgrace.
Thank heavens for Marina. The only person talking about the effluent in the room.......
Agree totally, make the privatised water companies pay. Force them to retrieve the what I consider, illegal dividends and bonuses from shareholders. They didn't do what they agreed to when privatised.
You hit the nail on the head, Marina.
We are where we are, so tough luck basically! You have more patience than I would having to deal with that utter tool Vine.
Vine is a perfect example of someone who has never had a good kicking.
It isn’t tough luck though is it? You say it as if money is akin to fossil fuels and that once it’s gone, it’s gone! But that isn’t true. Money always goes somewhere. So all this money that’s now needed to “fix” the problem still exists. It’s not luck; it’s now a political choice. Do we fund it by brow beating the already charged taxpayer and double dip everyone so they pay twice. Or do we renationalise water - which will still cost the taxpayers - but make the shareholders, CEOs, and dividend goblins pay the lion’s share? At least if we renationalise then our tax money is being put into something that invests in a critical public service and not fatcat bank accounts.
Where we are isn’t what’s important because we’re here. It’s where we go next that matters.
@@stephenwakeman3074
if those who profit from it won't spend what it cost to put it right, it should be nationalised, this is the best opportunity to do it, we should also fight to have it nationalised for the future our family, not that we should have to fight for something that should be belong to the people, they've taken everything & it's not enough & now they want more.
Started with the Post Office (telephone bit) then gas, leccie, rail in fact every public service to foreign owned companies. Asset stripping on a national scale and now UK is owned by them. Biggest con of the last 200 years by far and the kick backs? Huge!
‘Don’t pay a penny more?’ Surely we should be saying ‘shareholders you need to pay the money back!’
NFU lobbied to increase the amount of pesticides allowed in the UK’s drinking water. NFU asked for review of EU-derived protections as part of post-Brexit loosening of environmental regulations. In 2021 Tory MPs voted to ditch EU clean waters law, allowing raw sewage to be dumped into rivers. Next, pesticides? 😳🤢
UK have had a derigation on this EU law for ages. It's only now that we've started bleating about it.
We are so pathetic as a nation. Europe would never stand for this environmental terrorism.
@@glyn6170 Are you telling us raw sewage is dumped into British rivers "for ages"?
@@happyslappy5203 Not raw sewage, pesticides and herbicides from farming.
@@happyslappy5203 To be more accurate the derogation was from the Nitrates Directive. Limiting the amounts of nitrates farmers could have on their land due to their farming.
If you look at the River Wye, it's been open season for poltury farmers for years.
What needs to be done is a public enquiry into the performance of the various regulators and their ministerial masters over the past decades, Tory, Labour and the Lib Dems. We have all been appalled by the Post Office scandal and yet the greater financial debacle of the asset stripping of community property is ignored. Let's get them all up before a judge and have their mismanagement exposed to the world.
For several decades, this country - that would be YOU - spent £billions on cleaning up the waterways of the land and providing us with an almost guaranteed high quality, clean source of water to consume, all provided by the nationalised water companies. This wondrous state of affairs was to end with the privatisation of the water industry, where the only required positive outcome is to provide "shareholder value", that is, drain as much money out of the business as possible to the detriment of the actual "customer" - you.
Ever since privatisation, the water industry infrastructure has been allowed to decay to the point that all of the £billions invested by US has been totally squandered with what amounts to years of asset-stripping. Now, those same asset-strippers are coming after YOUR money....... Having totally worn-out infrastructure means that an enormous amount of money is now required to make-good the damage and the way that they will raise the funds to do this is to charge you extra- a LOT EXTRA, for the privilege of having what you had paid for in the first place. Well done tories...................
I agree but the saddest part is that large chunks of the working class were persuaded to purchase that which they already owned all for the sake of a few squalid pounds.
@@Tridhos j3vv. luv. 2c. it.
That's not true. Govt investment in water had been low for decades before privitisation. Investment in water by 1980, was just one third of what it had been in 1970.
@@glyn6170 The majority of the rivers running through towns in this country were so polluted and poisoned, nothing lived in them. Even in the 1960's there were no fish in the Thames running through London, within 10 years, this had been cleaned to the point that there trout caught regularly by anglers. Now, rivers like the Wye and Severn are heavily polluted again.. I'm of an age to have witnessed this, what about you..... Oh and I worked in the engineering department of Anglian Water in the 1970s............
Time to support WaterAid not for overseas countries but the UK.
You are my Hero. Only you can save Britain. You are a true British Hero.❤❤❤ We are in a era where no one is looking at Rich Corporations legal financial Corruption. And Politicians are supporting ultra rich establishments. And our British Politicians are playing divide and rule with our ordinary working class and poor public. They just want to finish us. They might succeed but history will remember that there was one great human being Marina Purkiss who tried to name & shame these corrupt corporations and politicians. ❤❤❤ You will always be in my prayers 🙏🙏🙏🙏🙏
Alright calm down mate this is the kind of comment to get a restraining order put against you
Get rid of Vine a waste of space we need someone like Marina a proper journalist who holds corrupt politicians to account 🎉
There is also, no element of competition. You can't get your water from anyone else. There is a road in Bury St Edmunds where the water has been leaking out to the road since December. People must have reported it as it is a busy street in the town centre. After they have paid their shareholders and fail to invest and then go into debt they want the government to bail them out.
They want "US" to bail them out with higher bills 😔😔😔.
Ali and his "I disagree" right at the end there. Who on earth could disagree with this?
Many of us in the West Country rely upon private water supply. When that runs out the answer is a basic “tough”, but the right to water is supposed to be enshrined in human rights law. Privatisation of essential services is a disaster and, frankly, a scam.
Nestle got water changed from a human right to a need!
Thatcher and Tory scam . Shared holders and profits first. This is an act of pure vandalism and it has denigrated our environment to dangerous levels.
By your logic, food and sex should be free, too.
@@Craig121000
When you think about it logically the planet provides everything for free.
We're jthe only animal that has to pay to live on it.
@@Craig121000 not sure who you were replying to, but my point was to show the conflicts these politicos keep shoving at us, i.e. on the one hand they say water is a human right and they enshrine that so called ‘right’ in law, then on the other they say water from the sky (rain) and owned by no one, is in fact owned by a large foreign corporation and if you have no water then tough. See, it’s a paradox that only they seem to get, probably because they do not expect to have to pay for anything (all on expenses). I’m guessing your comment was aimed at them, right?
I had my water company contact me to make a "water efficiency check" lol, which are basically the installation of devices that restrict the flow of water, all it does is make your water come out slower. I've had these devices elsewhere and all they do is make you need to turn on the tap for longer, it doesn't save you water. I said no thanks, G'day. I certainly don't keep my taps on any longer than I would need.
These water companies need to fix their leaks, you are not going to pass this issue onto your customers. Fix it, get on with it, move quicker.
What other nations have privatised their water and sewage utilities; only England and Chile. What a joke!
What a shame all the tory voters and leavers hate her. they could learn something if they listened!
I'm.a leaver and labour voter , I agree with about half of what marina says ,but she needs ro be less hysterical about blaming everything on brexit.
Yes yes yes Marina!!!
she is right
Keep up your excellent work Marina ✊️
I knew this 35 years ago when they privatised, it was always going to be about profit.
Marina, Thank you for pointing out yet another totally indefensible aspect of this current set-up we live in.....
They broke a contractual agreement to invest - there was a legal requirement in the original contracts, only added to allow them an enormous discount when they bought it. Can't be nationalised now cuz it's all leveraged to the hilt with debt and the shareholders are pension funds.
What we need to do, is bring water companies back into public ownership, and end the privatisation on the water companies, which Margaret Thatcher did to make us Britain's poorer! Thatcher voters of the 1980s are to blame for our bad water pollution in the uk!
You said: "What we need to do, is bring water companies back into public ownership, and end the water privatisation of the water companies ..."
Wonderful idea! But where is the money needed to bring the privatised water companies back into Public ownership going to come from?
And don't forget, many of these water companies borrowed billions of pounds from banks, all secured against the assets of the water companies e.g. buildings, equipment, the underground pipe network, the land where the reservoirs, pumping stations and sewage treatment facilities reside.
Are you going to pay off these loans too?
@@lamotiengodidal6511 there's plenty of money. The government is rich, celebrities are rich. So what the government should be doing is taxing wealth more and taxing energy and oil and gas companies more to get money, not letting them make more profit.
In Australia a lot of politicians own water licences in the driest continent on Earth. Anything to line their pockets.
The water companies are some of the biggest land owners in the UK too. Not only do we need to take back our assets, we also need clawback laws so we can retrieve the public money that has been looted from the country and dumped in offshore accounts by these private companies.
Thatcher should have Never pritised the utilities & Railway.
Every time privatization occurs we loose out .
Ali the LBC Tory disagrees, no surprise there then.
Thatcherism or toryism was and is always about the quick buck. There is no lasting value for consumers.
say it has it is they are all crooks time to act prosecute
Marina for prime minister!!!
If I was the government there, I'd go to those water companies and say "Listen, we're taking the water ways back from you. You clearly have not done what we expected you to do, meaning modernizing the 'Victorian water infrastructure', yet you have been raking in billions of pounds on profits over the years. Consider yourself bought out."
We need to bring back all utilities into public hands .
The Tory philosophy of privatization just does not work .
New word for robbery....privatisation! Are any of our privatised companies offering a better service than the messes we had before? Thatcherism failed!
Of course they disagree. I wouldn't be surprised if he had shares in any one of those companies.
If you want to see how a water supply should be run look no further than Scotland.
Public Private Partnerships (PPP’s) don’t work
You need more air time. And by that I mean online, not that old kind of media that no one watches any more.
Why pay to fix a problem when you can just pass it on to the consumer and poor.
The utter con of ALL privatization of the country's assets, I would say! At least, there's nothing left worth selling anymore.
Yesssss!
The greed of some of these leeches is off the scale, all helped by the Tories who also had their snouts in the trough.
Jeremy: "Ali, no, you don't like that?"
Ali: "No"
Well there's a surprise.
BIG BIG LBC Tory fan is Ali, what did you expect?
AMAZING HOW trump and boreis brought out the true nature of presenters like vine.a guy i used to like
You have to have to patience of a saint to deal with Jeremy Vine, pot-stirring Tory apologist that he is.
Only share holders disagree with this.
I can't think of one privatised industry in the uk that works in the interests of the customers and the environment
Absolute scandal. Marina is spot on.
I remember when it was nationalised, it was an unmitigated disaster.
Why can't we tell them to fix the sh*t first!! That was their job they didn't do it and prioritised profits for their shareholders. Nobody forced them to buy the water companies. If they make a loss and decide not to invest in the UK then so be it.. This is not the kind of "investor" this country needs. Sure if might scare a few other investors but we need to reassure them that as long as they are not acting criminal we won't punish them. Take back the water companies.. levi huge (fair, due to the sh*t leaks) fines on them making their business worth nothing so the government doesn't have to pay anything to take over these companies.
I read about the water wastage in UK 20 years ago...nothing changed yet 😂😂😂
Shareholders doing OK though?
Privatization is the pits . It was the worst thing thatcher did
Oh no, will somone think of the shareholders XD
Yes you gave it away ,scheme on you ! 😢
The privatisation of any public utility will definitely lead to higher prices very quickly and they will not re invest but siphon profits away to other countries. Australia is a perfect example
Giving value for shareholders is where it doesn't make sense. There shouldn't be shareholders in any service that we need to live, like water. It should be owned by all of us. We all need to use it. Why are some people allowed to profit from that need? Same goes for transport, gas and electricity and health.
It really irritates me when people say "It's done now, Nothing we can do..."
When a service is privatized, The contract of sale comes with conditions, The most common being, The company MUST use profits to modernise the service!
If the companies don't do this they are in breach of the sales contract and the service can be taken back, Not bought back but taken back!
Private business is there to make money for share holders (and directors bonusses). They are not there to provide a service, unless there is real competition. How can there be competition in water? Most of their costs is infrastructure so duplicating or better triplicating those, just so each consumer can switch supply, would be crazy. Natural monopolies need to be public.
I wish you'd show more of the debate in your videos, they tend to cut of abruptly.
Water companies should be taken back into public ownership without a penny in compensation to the shareholders. Indeed, any debts of the water company should remain with the shareholders.
Jeremy & Alli:
but our dividends 🎻
Shareholders own the water companies, when the horrendous situation became established facts, they kept on putting their huge dividends pay outs in their bank accounts. A lot of those dividends landed in the company executives accounts because of their salary agreements.
Jeremy Vine, "But we are, where we are." What nonsense. Reviewing the root causes is the first thing you have to do before going off half cocked. As usual, well done Marina.
the company's aims are to make profits...not necessarily provide good dinking water and get rid of sewage.
Big private companies will only ever cut costs. Innovation happens in small companies, that get swallowed up by big companies and "optimised" through "synergization" (i.e. cutbacks). Privatization will never invest in infrastructure, they'll only ever drive it into the ground.
Just need to fine them heavy every time the fall short anad they wont do it
Haha ‘diligent leaders’
👍
privatisation can not work without proper competition. if we can not choose to go to a different company if we do not like what one company is doing then they can do what they want.
Missed the point. Some water companies like Thames have not paid dividends in 6 years. It is the vastly inflated boardroom salaries that should have been capped.
The whole point of privatisation was to borrow cheap money (that the government couldn't & didn't want to do) & renew the infrastructure. Due to weak regulations & successive government indifference they have not done this on the scale needed.
Marina is wrong when mentioning reservoirs: it is no good building them is the leakage rate is too high ( and it has hardly changed since privatisation: last 30 years)). Thames was actually stopped from building a reservoir in Oxfordshire due to the high leakage rate. They fudge the investment figures due to the London ring main & the new sewer that will move the outfall further into the estuary.
OFWAT has been stupid in fining companies as the money never comes from profits, it either is put on bills, comes from reduced investment or the money has been borrowed & increased the indebtedness of the companies.
people would rather take to the streets with anarchy riots and die than suffer 5 more years of tories
Right at this very moment, at 10:15 p.m. the fucking waterboard are in the street with a big tanker, causing a terrific din while I want to sleep. Piss take.
She's Just realised?
Wish you'd put longer clips of these conversations on here, rather than just snippets. Other than that, you're right.
She's saying something relevant and germane and Kyle interrupts to say how many swimming pools that makes. FFS. And then the Tory tw*t disagrees, almost certainly because 'free market enterprise'. This is not free market enterprise, this is criminality. Amazing that there are so many things to hate the Tories for actually. Almost everything.
awful shoulder pads but everything else i can only agree with
Yeah. Now that's one thing conservatives absolutely hate! Being held accountable, or their mates (who were gifted a water company and basically squeezed it for every penny without any investment whatsoever over 30 years) being held accountable for not delivering what they contractually are required to deliver.
Has got worse since privitazation?
Can she be our next PM?
Miraj is a self confessed thatcher fan
🏴
A general employee would NEVER get a massive pay rise if his work was incomplete, dangerous or ineffective.... so why should shareholders?
"dont you dare" - yeah every cptlst will bow down to that and do as they're told, yeah
pretty weak here this time
Why won't they, if we had a government backed by public mandate?
@@markwelch3564 because they never have and never will. they are more in cntrl of the state now than ever.
@@abody499 only on paper - if the current regime threatened to stop governing, would people panic, or celebrate?
@@markwelch3564 only on paper? what? only on paper. that's possibly one of the least accurate things I've ever had the displeasure of reading. only on paper. yeah sunak is only personally tied to a large corporation listed on the bombay stock exchange 'on paper', he himself being an ex hedge fund director, 'on paper'. Hunt the chancellor and landlord (only on paper) also has ties to hedge funds, but of course that's 'only on paper'. Then we could go down the list of them, some notable mentions could be - well take your pick - I'll choose shapps and his advocacy for the aviation industry. yeah, I wonder how he's doing these days in his defence brief. then at a broader level, there's certainly only an 'on paper' relationship between public office and lucrative "advisory" posts in the private sector. Yeah, nothing to see there at all. And of course, tufton street doesn't have anything more than an 'on paper' influence on appointments and policy, which actually isn't even 'on paper' but just in the minds of lefties or wokies and all that. yeah it's all totally 'on paper'. And if we want to look across the House, well, Starmer certainly isn't in the pocket of all of the above "think tanks" and media corps, and whatever other private interests there are. yeah sure, the massive majority he's about to win isn't going to be represented by the exact same interests at all - it's only on paper and in fact he's going to represent the general public and all their interests. sure. oh yes.
@markwelch3564 only on paper? that's possibly one of the least accurate statements I've ever read. sunak is only personally tied to a large corporation listed on the bombay stock exchange 'on paper', he himself being an ex hedge fund director, 'on paper'. Hunt the chancellor and landlord (only on paper) also has ties to hedge funds, but of course that's 'only on paper'. Then we could go down the list of them, some notable mentions could be - well take your pick - I'll choose shapps and his advocacy for the aviation industry. yeah, I wonder how he's doing these days in his defence brief. then at a broader level, there's certainly only an 'on paper' relationship between public office and lucrative "advisory" posts in the private sector. Yeah, nothing to see there at all. And of course, tufton street doesn't have anything more than an 'on paper' influence on appointments and policy, which actually isn't even 'on paper' but just in the minds of lefties or wokies and all that. yeah it's all totally 'on paper'. And if we want to look across the House, well, Starmer certainly isn't in the pocket of all of the above "think tanks" and media corps, and whatever other private interests there are. yeah sure, the massive majority he's about to win isn't going to be represented by the exact same interests at all - it's only on paper and in fact he's going to represent the general public and all their interests.
Who is the Head of Ofwat?
Why does she still upload in 480p in 2024
We are where we are . What on Earth does that mean . Dose it mean stop moaning cause the shareholders are doing ok .
Dream date..
JV's whingeing voice made me turn off immediately... eugh...
Rishi will have to make sure he loses ellection because people are fed up of tories and their will be anarchy if tories win
So what, scab Labour supports private water. The last chance to fix anything was 2019 but you made your bed to lie in.
We are where are.... no shit Sherlock, just saying ..!.,
I would imagine if the government ran the water company it would cost a trillion a week and we would have to wait 9 month for our water to arrive. Look how great the NHS is doing.
it was fine before it was sold. NHS was fine under labour. are you a professional tory rimmer or just an intern?
Your imagination is rather flaccid, I’m afraid.
Jeremy makes me laugh, why cut you off when you're speaking exactly what we are all thinking to allow someone to stick up for profits pouring out to shareholders over fixing the mess that they have caused by not investing in one of our life critical resources. A true devils advocate
This woman is talking rubbish. Investment in water infrastructure has been massively higher since privatisation than it would have been under nationalisation. The fact is that almost an entire Victorian infrastructure is gradually being replaced at a time when the population - largely through immigration - is increasing almost exponentially. The population of the nearest city to me has increased by around 10% in 5 years and people are still getting planning permission for houses even though the water company says the sewage system can’t cope. Sound bites are easy. Running a utility like this - when government effectively controls the price you can charge - is not.