Yup. Privateers and brigands robbed a nations coffers dry while a bunch of rotten souled bozos let it happen provided they got to see someone else suffer before them.
All monopolies should be illegal. Including natural monopolies like services to your house. As a result these ones should legally only be publicly owned.
The "funniest" part is that in both water and electricity, the UK is suffering from privatisation due to investments coming from countries where both are very largely public, like the US and France.
@@quiggleyscripple they use the profits to subsidise the price on the continent. It's the same with trains. Abelio is the Dutch train company, the west coast line is the Italian company etc. The government favours offshore companies because their own companies are offshore.
My lovely dog is complaining that, because of the sewage, she can no longer go onto the beach. I wish I could train her to sniff out Tory voters and crap in their gardens. Please can we have an election.
You have given me an idea. Next election I will keep an eye out for "Vote Conservative." In peoples windows. I don't have a dog so I will crap in their gardens. Maybe leave a little Thames Water flag in it.
Labour will be even worse. Remember lockdown? Tories = we need to lock down. Labour = we need to lock down sooner and harder. They're also even more socialist than those "Tories" that we have in power just now.
'no longer'? You are aware this has been happening for over 100 years? It's only due to the £60bil improvement project that overflows are even monitored. Prior to 2018, nobody had the slightest clue about sewrage level run-off. People just seem to think Thames Water borrowed 60 bil for shits and giggles.
@@cartoonhead9222 Not sure where you are getting your information from but you are way off. Thames water borrowed 60 bil and then paid their shareholders 70bil. Prior to 2018 no one had a clue. Really? So no one was monitoring when the sewage was diverted from the treatment plants? We used to have some of the cleanest beaches and rivers in Europe and now we have the worst. What changed? Untreated sewerage.
I’m way ahead of you. I’ve brought up my Star Wars obsessed 7 year to be well aware of what the evil empire, Sith Lord Johnson and DARTH sunak are doing to his country.
Totally agree! I don’t even drink tap water anymore - Legionnaires Disease lurking! So we’re now at par with our European cousins - OK, but the Cost…& not only financial!
Privatise it, let them run it into the ground by maximising profit at the expense of service delivery, then let the government take it back and fix it up. Rinse and repeat.
@djseamus01; Not forgetting probable wedges of cash, multitudes of 'gifts' and /or a 'job for life' for scumbag politicians, lobbyists and media barons acting on behalf of / in tandem with these corrupt thieves and vagabonds. Don't expect any direct action by enough of the populus anytime soon either as most seem to have been reduced beyond any capability, strength or willingness to act in their own interests except perhaps play the divide and rule game on behalf of those in power. Thatcher's destruction of this country goes on, even from the grave. I so wish my grandmother had been Irish instead of her father.
The sums add up, ~£60bn in dividends paid by ~£60 bn of debt!! The "customers" are servicing the debt not paying for a service. I can't imagine any other busienss being given a state sanctioned monopoly and then running it solely for profit off the back of loans. Has this resuted in artificially inflating the share value. The infrastructure companies need to be run as Not for Profit where every penny is reinvested in the infrastructure.
Privatisation is fine, but if you live in London you don't have a choice but to use Thames Water. That isn't privatisation, that's a monopoly, which to be clear would be the exact same thing if it was state run, because a state run monopoly would also have no competition, thus no incentive to improve or lose business
Personal profit is always more important - therefore no anger from those who support the actions of the investors, whether at home or abroad. It truly must be considered some form of immoral - if not illegal - situation.
Tory voters are angry at desperate people in dingies, they don't care about the billions stolen, the mess their party has made with the NHS, the poor state of the roads, the lack of police, the dire state of care homes.
No don't, sit them down, hand them a nice cuppa & show them this film. After that you could tell them where you got the water for the drink from. Never shoo tories away, argue with them for as long as you can stand it. They cannot bother other voters that way.
@@LeafHuntress Marvellous. One million upticks. I wish I had your calm and effective plan of action, I'm always angry and shouty now after decades of it, probably aware my time is running out and I don't see any change in the air. How do you stay so calm, at least outwardly so?
Lucky Scots who never privitised! I live in the Netherlands where all water companies are in state ownership. Needless to say, we have virtually no sewage discharge and loss through leakage is at an economical minimum of about 5%. The main problems at the moment are wet wipes, medication and drugs flushed down the toilet, next to industrial discharge in the big rivers. But no one takes a dividend!
@@abody499even if they pay a bit more through taxes, they are actually getting a competently managed service (unlike England) and not building up massive unplayable debt to provide dividends to the wealthy (unlike England)
@anpj2006 "The Tories are an absolute nightmare, how do they keep getting in?" - Because a fairly large assortment of both CRETINS and ARSEHOLES in this country keep voting them in... (It's really not that difficult to understand!)
Yes, it is a type of fraud - although it is legal, so therefore no one is prosecuted. However, fraud it definitely is and there are millions of English victims, not to mention wildlife within England and its rivers.
It Pains me that in 11 hours under 9000 people have viewed this. This is the country the tories built. Sell off our infrastructure to outside investors. Allow them to rack up debt , but maintain large shareholder dividends. Provide bad and expensive service to the UK market. Get bailed out by the Taxpayer and return to Go.
thank you for at least trying to wake up the British public unfortunately most people appear to be happy to just moan a bit and then look the other way or get distracted by the next bit of drama on This Morning. It's very depressing... If this were France we'd be rioting by now!
I think you might find France is actually “looting”. Have a think back through our recent history of riots (still actually just plain theft, violence and looting). You only have to go back 40 years and the trend is we Brits only riot when it’s summer and a particularly hot one at that. We never rioted in ‘76 but come into the ‘80s and The Specials with Ghost Town and it all kicked off in inner London…… Do you really want that back???
Privatisation is fine, but if you live in London you don't have a choice but to use Thames Water. That isn't privatisation, that's a monopoly, which to be clear would be the exact same thing if it was state run, because a state run monopoly would also have no competition, thus no incentive to improve or lose business
That's true, but a private monopoly has an incentive to make a profit (=please the investor). Whereas a nationalized monopoly has an incentive to please voters (who coincidentially also happen to be the investors)
@@electron8262 that's a fantasy, look at any actual nationalised system, they only have incentive to increase their own budgets and shift the blame for failure, they do the bare minimum not to get fired. You think "pleasing shareholders" means making it more expensive. But actually you please shareholders by keeping excellent service, which causes more people to sign up and pay happily. Not all "investors" are equal across their life, early on when you want maximum growth and thus take more risk you invest in growth companies, not just any startups but companies that invent new products and have room to grow, to sell more products to more people, these companies we expect to keep growing more business and thus more share price by say 10% per year (obviously there is a finite amount of smart internet integrated kettles or whatever that even the whole world would buy but you get my point) and then towards the end of your life (or even people who are more cautious or pessimistic naturally) you switch, you sell those shares that have had lots of growth to the next set of young people starting out, and you buy shares in DIVIDEND companies. Ones that have no more room to grow so instead consistently pay money out to shareholders, taken from the profits. Nobody expects them to keep putting prices up 10% every year in order to keep up with growth companies because it wouldn't work, instead you get a steady return from everyone paying for things they buy every month, food companies, drinks companies, energy companies and WATER companies. If you provide bad service, squander the investors money on massive salaries then you don't make a profit and can't pay out dividends. (As I said the problem is that we don't have that in the UK, we have a private monopoly for each area, but a state run nationalised system would just be a government monopoly with the exact same problems) the problem is that having multiple water companies is tricky for connections but that is something the dynamic leadership should be forced to overcome in order to justify their pay. Rather than taking out big loans in order to pay dividends and prop up their failing monopoly. Having to rely on a system whereby ONCE every 5 years you vote in order to show you're frustrated with your water supply is retarded. For a start how would, even if the Government gets kicked out and a new party in, how would anyone know why you voted the Government out? It could have been any number of different reasons. Or if the Government doesn't get voted out, or your vote is lost because you're in a safe seat then what? You get the same shit service year after year. Public bodies love morons like you, gullible twats who pay your taxes and think you can simply vote if you don't like something. In reality they're using that system of "accountability to voters" to hide from the fact they aren't really accountable to anyone. Certainly nowhere even close to 1% as accountable as a private company is to its CUSTOMERS (not just share holders)
It's good what they do but do their videos change anything? What's needed is direct action from the millions of customers (ie. everybody). The French would be rioting.
@@pipster1891 So what else do you suggest? LBD bring information to many people who are unaware of details such as owners of, example, their drinking water. It's not like the English (Scots, Irish & Welsh more likely to) protest that much is it, in fact many are more likely to protest against the protesters, even when that means long-term they are protesting against their own interests. I very much doubt the French would have allowed privatisation of water etc in the first place and neither would many other European countries. I donate to LBD by monthly DD and although I'm on a low income it's money well spent imo. Petitions don't work, millions on the street in peaceful protest doesn't work either. Mass refusal to pay bills? How would that work, who would organise it? People still buy the S*N, the Daily Heil, the Torygraph etc, still have social media owned by some of the worst people on the planet but 'hey *shrug*'?
I remember 1985, I was 16.., what Thatcher did to the UK was criminal.., Thatcher for whatever reason made it ok for a government who could serve a maximum 4 year term in office to sell off parts of OUR infrastructure we could never get back.., gone forever!.., who has that right and why was there never a referendum on it?.., Thatcher.., I hope your enjoying your eternity in the after life!
Thatcher was the beginning of the end of my beloved country. I've finally moved to Portugal now, and am relieved I'm not living through this daily hell any more.
Private profit, public debt = capitalism. Remember privatisation of water was done because govt. couldn't (wouldn't) borrow the money to fix long term problems. 32 years later we still have the same problems due to under-investment. Note also that it was the EU that forced us to improve water quality to give us the "Blue flagged beaches": where are they now after Brexit?
Privatisation is fine, but if you live in London you don't have a choice but to use Thames Water. That isn't Capitalism, that's a monopoly which is actually the exact opposite of how Capitalism works, to be clear would be the exact same thing if it was state run, because a state run monopoly would also have no competition, thus no incentive to improve or lose business and we'd end up in the exact same shit. If you think hard lefties are any less corrupt you're a naive child still, who's playing teams rather than caring about politics.
It's absolutely disgraceful. Bring it back into public ownership! And we should pay a penny to buy it back, if anything the businesses that own it should goto prison for the criminally damage they have done to the British environment.
Please go check out Lough Neagh in Northern Ireland, it had a bi-law passed the the Sectary of State in the 1970s called Crown Immunity so the pumped raw sewage into the a 200 square mile lake. Over the next period the levels of breathing issues discovers by the residents on over a 100 miles of shoreline suffered. The EU stepped in through and Irish EU Minister and created the Nitrate directive , forcing the UK to start treating raw sewage. Since Brexit they have revered all the work done under the EU directive. The entire shoreline now has a blue ! Algie , samples of water taken directly point this to human waste at 35% agriculture animal waste 35% and chemicals used in farm the balance at 30% ,. The largest lake in the UK and the most polluted.
Excellent work. The sad thing is, the majority of people will not find out about this because their choice of newspaper won't report it, or they just don't care.
Are the UK one of only two countries in the world where water is privatised? Well presented LLBD’s. I’m sending this to my MP, who I believe voted against penalising Water Companies for sewerage dumping(?). The opposition must have a plan because this cannot be allowed to land back on us the consumers, having paid in our bills for years for this to have been done properly!
So the British PM who's family and friends are heavily invested in the companies that are teetering in debt...is now expected to rule who pays. Does the UK not understand conflict of interest??
I seem to recall that Thatcher's line was that the only way to get the investment needed into the outdated infrastructure was to use the investment that would flow in after privatisation - was there anything she did that benefited the country? The government in the early period of 'Austerity' cut back the size of the Environment Agency by sacking all the experienced personnel and presumably emasculated 'Offwat' at the same time.
Privatisation is fine, but if you live in London you don't have a choice but to use Thames Water. That isn't privatisation, that's a monopoly, which to be clear would be the exact same thing if it was state run, because a state run monopoly would also have no competition, thus no incentive to improve or lose business
Absolutely criminal actions , channeling the money in their pockets. Whilst letting the foul water pollute our rivers & beaches. Jail sentence is required here most certainly
As ever, a brilliant presentation but I fear nothing will change. We’re destined to pay more for less whilst lining the pockets of those foreign investors who couldn’t give a floating turd about polluting our coastline and countryside. Even if we get another Tory government with Keir Starmer, it’ll be the same old same old for years to come.
Defeat this defeatist attitude. Tell yourself NO NO No I am not taking this shit (literally). Get up and ask people to do a mass street protest. Don't let posh boys ruin YOUR lives. You are allowing a bunch of pampered poodles not men to shit all over you. They are literally pissing on your back and your response is ''nothing will change''. Can you see what you are doing? This is exactly what the Tories want to do. to take away your voice and your power of decision. They are enriching themselves on your complacency and chronic passivity. Don't give those bas***ds that kind of power. We fought in Ireland and stood up to the attempt to privatise our water and the people said NO in mass street protests and we won because we hit the streets with full conviction that it was morally wrong and we knew Irish Water would become a quango to enrich our Irish Tories called Fianna Gael and Fianna Fail. A bunch of morons who have destroyed everything they have touched in Ireland as we go from crisis to crisis. The two opposition parties of 100 years went into power to keep out the party the people overwhelmingly voted for, Sinn Fein. Can you imagine Labour and the Tories going into power together??? That's what they did in Ireland because the people hated them so much. But soon they will face the wrath of the people in the GE who they betrayed. But they have played their Trump card and now we know. So my point is don't take it. Get up. You have a voice or do you just want to be a fool for the rest of your life and have rich posh boys laughing at how stupid you are for taking it.
One of the Evil One's most damaging legacies that is very difficult to fix. A finite resource that is essential to all life on earth and belongs to everyone, sold off to foreign businessmen. These people care only about profits and treat the environment with utter disdain. We have had rivers full of shit for the last 35 years. The regulator (National Rivers Authority at the time, now the Environment Agency) is funded by taxpayers (of course) and has had so many cuts over the last 35 years that it doesn't even have the resources for regular testing, let alone prosecutions. Many of us predicted this in the late 1980s, so we are not being wise after the event. It is obviously the Tory way (obsession) to privatise everything. Having said that, the Blair/Brown Labour Governments (1997 to 2010) did bugger all to address the problems either.
All services needed for a county should not be privatised and run by the government with proper funding. Thanks to the Tories for causing yet more pain for our nation. It makes me sick, and that's without me taking a dip in our polluted rivers...
A Con by Lady Thatcher and the person who made her a Lady Queen Elizabeth the 2nd.... although we shouldn't forget Sir Jimmy Saville and Sir Rolf Harris had their shoulders tapped by her too.
This is a nightmare. Same with privatisation of parts of the NHS and the education department. Public services should not be privatisation- especially to foreign investors.
Brilliant as ever. Looking forward to hearing the Prime Minister’s response. I do hope you sent him a copy of your whole film as the newspapers will not adequately this scandal. We, the taxpayer, have already cleared their debts once, not again.😊
Perhaps I should stop working and use bank loans to pay a wage for myself. Finally, when debt collectors come calling, I can then demand that everyone around me pay my bank loans. That is what we are witnessing here with water companies.
Almost as if a company is used as a lifestyle machine, enriching those with connections, whilst the company limps on to its final death throws. I used to be involved in the restoration and drying of properties flooded by Thames Water. A lot of old brittle major water mains out there waiting to blow and I can tell you that for home owners having 3 feet of water through your property is devastating. We lost the work, dropped like a stone, around about 2010 when new management came in and I think they then just passed all the agro and costs onto the homeowners insurance companies. I think those were early signs of the debts they were accruing. Quite sad. I still have tons of drying plant holed up somewhere unused since that time. 😢
Thanks LBD for all the work you do. It's been great to see how you have progressed and continued to grow since the first few posters on advertising hoardings. As long as you continue I'm happy to help support you via my monthly DD and hope many more will start to so that you can investigate and produce more frequent and wider-ranging projects in various formats.
Privatisation has worked! Yet another fantastic example of how Privatisation has changed this country for the better. Please everyone, keep voting Tory, so they can finish this country off for good.
The answer is simple but no politician has the balls to go for it. All utility companies ( water, gas & elec. ) should be owned by their customers. Underwritten by government ( just like before ) ownership can be smoothly transferred to each company's customers. Hedge funds and pension funds can own chunks but no one entity can hold more than, say 20%. That way we avoid the blatant misuse and abuse of power by reckless majority shareholders. It ain't rocket salad.
Greed wins out. Until there is nothing left. The regulator did nothing. Companies bought and sold increasingly adding debt. That money taken offshore, never to be seen again. Expect more to follow. Eyes on Southern Water.
if the government has the power to say we are taking that back, why cant we say the same about our tax money being ill used. i pay enough in water rates has it is without bailing them out.
Problem is if Labour took back control and returned it into public hands, the public would have to pay to fix the problem. Then when everything is working properly and the tories got back into power, you guest it, they would flog it off again at a bargain basement price to their mates again. Get used to the fact the tories are just a criminal organisation operating under the guise of being a political party.
@froufou100; I agree, but if people don't donate - lump sum or monthly, then they can't afford to so, it's up to people to help them reach wider audiences and more often.
Privatisation of major state infrastructure is bolocks. They did it In my country after too and still selling stuff which have value just under plain sight of people live in the country. Problem is not that those big national businesses go to depts but policies and mismanagement of them. Same go for money. If you do not handle your currency like also happened in my country you have to switch for other. Slovakia was needed euro to survive while Czechia did not. Switzerland has two currencies. One solely for inland trade. As such do not losing value out at global market and money circle inside the country.
No one seems to ask the question, where did all the money go? All these massive companies sold off. Where is the money? All the council houses sold. Where is the money? The highest taxes in living memory, where is the money? The sixth richest country in the world. Where is the money? Billions of dollars flowing into London from corrupt Russians. Where is the money? Britain has been gas-lighted on a nationwide scale for decades. We all believe we are poor. Poor? The sixth richest country in the world.
The Tories won't do the right thing. They don't want to bite the hand that feeds them. Next year they'll be in need of jobs, so gifting billions of our money to avoid upsetting investors will go a long way towards feathering their future nests.
Do these companies show any assets at all on their balance sheets? It is difficult to imagine even the most rabid financial institutions lending to them on such a scale without some sort of surety. I would guess that it should be simple enough to nationalize a bankrupt utility firm...
The water companies have the debt and the collateral is the knowledge the government will bail them out. The investors have a norisk Investment which they will have depreciated fully, every year of dividends is a bonus. In case of privitisation the debt and postponed investment will be paid by the taxpayer and the investors will move on celebrating the good years they had.
@@harryvanrijn6366 Seeing as an "understanding" is not an asset, I would suggest that the investors are hoping for a similarly benevolent government to that which privatized the industry in the first place. Once again, when the firm is bankrupt (not just morally, but financially as well), the investment is worth a pro rata share of the assets... no sweeping up for the taxpayers.
All monopolies should be illegal. Including natural monopolies like services to your house. As a result these ones should legally only be publicly owned.
@oscarmoxon102; 🤑 All of it is sold. Land, water, defence, nuclear energy, communuications, hospitality, manufacturing, food production, housing, health, your own health records, education, transport, you name it - at least some of it is owned/controlled by foreign 'investors' / countries and not just by 'friendly neighbourhoods'. We only exist as a people and as a 'country' by the 'benevolence' of foreigners, both good and bad. Ask the people responsible - start with the ex-London Mayor / ex-Foreign Sec / ex-PM Johnson for one and don't forget Peter Mandelson, Rupert Murdoch, Lord Evgeny Lebedev of Hampton and Siberia and his KGB father. Plenty of others like those who have betrayed this country and its people over decades.
We've read this script many times already. Banks went under the Tories used taxpayers money to bail them out. Then energy companies went under Tories used taxpayers money to bail them out. Train companies have received constant bailouts for the past 14 years and right now the government is paying them to weather the strikes with taxpayers money. This government is a like that sewage we have become so used to in our waters.
Indeed, that's the irony. The British taxpayer has been paying "reparations" to elites in its former colonies and other places for many years, and are in debt for much more that's already been extracted.
Billions were not "wasted" it enriched the Tories and their wealthy mates!
Robber barons.
Well that's as good a definition of "wasted" as anyone is likely to find methinks.
Wasted
@snowman2970; Quite. @RichWoods23; Toraidhe
Yeah and what did Blair do ! FUCK ALL
The money was not ""Wasted". It was stolen.
Yup. Privateers and brigands robbed a nations coffers dry while a bunch of rotten souled bozos let it happen provided they got to see someone else suffer before them.
Hear hear!
Precisely.
Another great example of the 'efficiency' of privatising vital commodities like water!
They very efficiently drained the assets from these utilities!
All monopolies should be illegal. Including natural monopolies like services to your house. As a result these ones should legally only be publicly owned.
The "funniest" part is that in both water and electricity, the UK is suffering from privatisation due to investments coming from countries where both are very largely public, like the US and France.
@@quiggleyscripple they use the profits to subsidise the price on the continent. It's the same with trains. Abelio is the Dutch train company, the west coast line is the Italian company etc. The government favours offshore companies because their own companies are offshore.
Typical Capitalism is cancer.
My lovely dog is complaining that, because of the sewage, she can no longer go onto the beach.
I wish I could train her to sniff out Tory voters and crap in their gardens.
Please can we have an election.
You have given me an idea. Next election I will keep an eye out for "Vote Conservative." In peoples windows.
I don't have a dog so I will crap in their gardens. Maybe leave a little Thames Water flag in it.
@@harveysmith100or add several dead fish to your 💩 present...
Labour will be even worse. Remember lockdown?
Tories = we need to lock down.
Labour = we need to lock down sooner and harder.
They're also even more socialist than those "Tories" that we have in power just now.
'no longer'? You are aware this has been happening for over 100 years? It's only due to the £60bil improvement project that overflows are even monitored. Prior to 2018, nobody had the slightest clue about sewrage level run-off. People just seem to think Thames Water borrowed 60 bil for shits and giggles.
@@cartoonhead9222 Not sure where you are getting your information from but you are way off.
Thames water borrowed 60 bil and then paid their shareholders 70bil.
Prior to 2018 no one had a clue. Really? So no one was monitoring when the sewage was diverted from the treatment plants?
We used to have some of the cleanest beaches and rivers in Europe and now we have the worst. What changed? Untreated sewerage.
On a positive note, the way this is presented is so artful and lucid. These should be part of year 12 & 13 curriculum to create responsible adults.
I’m way ahead of you. I’ve brought up my Star Wars obsessed 7 year to be well aware of what the evil empire, Sith Lord Johnson and DARTH sunak are doing to his country.
@@wolfiesmith7674 In this one, strong the Force is. Well trained, your Paduan.
Totally agree! I don’t even drink tap water anymore -
Legionnaires Disease lurking!
So we’re now at par with our European cousins - OK, but the Cost…& not only financial!
Unfortunately that will never happen
starting with re-educating MP's please...
Thatcherism 101 privatise the profit and nationalise the debt. Water, electric and gas should have never been privatised.
That's the kind of socialism that capitalist thrive on
Excellent phrase, I am going to steal it. Thank you!!!
And rail and health and prison vans and forestry commission……
What does she care, she backed a pedo and is not dead.
@@highdownmartinwhole prisons, not just the vans, 6 of them are run by Sodexo, a french catering firn
Privatise it, let them run it into the ground by maximising profit at the expense of service delivery, then let the government take it back and fix it up. Rinse and repeat.
@djseamus01; Not forgetting probable wedges of cash, multitudes of 'gifts' and /or a 'job for life' for scumbag politicians, lobbyists and media barons acting on behalf of / in tandem with these corrupt thieves and vagabonds. Don't expect any direct action by enough of the populus anytime soon either as most seem to have been reduced beyond any capability, strength or willingness to act in their own interests except perhaps play the divide and rule game on behalf of those in power. Thatcher's destruction of this country goes on, even from the grave. I so wish my grandmother had been Irish instead of her father.
The sums add up, ~£60bn in dividends paid by ~£60 bn of debt!! The "customers" are servicing the debt not paying for a service. I can't imagine any other busienss being given a state sanctioned monopoly and then running it solely for profit off the back of loans. Has this resuted in artificially inflating the share value. The infrastructure companies need to be run as Not for Profit where every penny is reinvested in the infrastructure.
Privatisation is fine, but if you live in London you don't have a choice but to use Thames Water.
That isn't privatisation, that's a monopoly, which to be clear would be the exact same thing if it was state run, because a state run monopoly would also have no competition, thus no incentive to improve or lose business
If this doesn’t make even Tory voters, incredibly angry, nothing will
Personal profit is always more important - therefore no anger from those who support the actions of the investors, whether at home or abroad. It truly must be considered some form of immoral - if not illegal - situation.
@@memyself1566 The most blatant tory swindle perpetrated on us and that's saying something!
Maybe nothing will is the answer, 30/40 years of government has been Tory.
Tory voters are angry at desperate people in dingies, they don't care about the billions stolen, the mess their party has made with the NHS, the poor state of the roads, the lack of police, the dire state of care homes.
Nothing will. They don't do remorse.
When tory MPs come knocking on your door looking for your vote at the next GE, tell them to take a jump in the nearest sewage filled lake or river...
For some reason people aren’t very upset by this. I think it’s the most disgusting third world practice I’ve heard of.
No don't, sit them down, hand them a nice cuppa & show them this film. After that you could tell them where you got the water for the drink from.
Never shoo tories away, argue with them for as long as you can stand it. They cannot bother other voters that way.
@@LeafHuntress😂 better still just make it a glass of water!
@@LeafHuntress Marvellous. One million upticks. I wish I had your calm and effective plan of action, I'm always angry and shouty now after decades of it, probably aware my time is running out and I don't see any change in the air. How do you stay so calm, at least outwardly so?
And then ask the Labour candidate why it didn't renationalise utilities between 1997 and 2010/
Lucky Scots who never privitised! I live in the Netherlands where all water companies are in state ownership. Needless to say, we have virtually no sewage discharge and loss through leakage is at an economical minimum of about 5%. The main problems at the moment are wet wipes, medication and drugs flushed down the toilet, next to industrial discharge in the big rivers. But no one takes a dividend!
You are very lucky. England has been sold down the river in so many ways (no pun intended).
But still they have to pay for it through taxation.
@@abody499even if they pay a bit more through taxes, they are actually getting a competently managed service (unlike England) and not building up massive unplayable debt to provide dividends to the wealthy (unlike England)
@@MaBaKar yeah, but im not restricting my comment to just water services
Welsh water is also owned by a non-profit company.
The Tories are an absolute nightmare, how do they keep getting in? I’ll never understand it.
Bcos of the alternative obviously. Ffs.
@@Beliefisthedeathofintellect "Bcos of the alternative obviously. Ffs." - How do you KNOW the 'alternative' is just bad (if not worse)?!
@@Beliefisthedeathofintellect Did you need to swear at that person in your answer?
@anpj2006 "The Tories are an absolute nightmare, how do they keep getting in?" - Because a fairly large assortment of both CRETINS and ARSEHOLES in this country keep voting them in... (It's really not that difficult to understand!)
First past the post and a client media
I await a definitive policy vision from the Party of Opposition, for whom this should be a no-brainer!
This is mind blowing 🤯. Surely this is some kind of fraud.
Yes, it is a type of fraud - although it is legal, so therefore no one is prosecuted. However, fraud it definitely is and there are millions of English victims, not to mention wildlife within England and its rivers.
It's terrorism. It's like ISIS destroying our waters, but more efficient.
Yes. It's a fraud labelled 'capitalism', as Karl Marx pointed out some time ago.
It is fraud but it's legal.
The laws are designed in a way that makes it legal for corporations to steal from you.
Wait, how exactly? I'm completely uneducated about this
It Pains me that in 11 hours under 9000 people have viewed this.
This is the country the tories built.
Sell off our infrastructure to outside investors.
Allow them to rack up debt , but maintain large shareholder dividends.
Provide bad and expensive service to the UK market.
Get bailed out by the Taxpayer and return to Go.
thank you for at least trying to wake up the British public unfortunately most people appear to be happy to just moan a bit and then look the other way or get distracted by the next bit of drama on This Morning. It's very depressing... If this were France we'd be rioting by now!
I think you might find France is actually “looting”.
Have a think back through our recent history of riots (still actually just plain theft, violence and looting). You only have to go back 40 years and the trend is we Brits only riot when it’s summer and a particularly hot one at that.
We never rioted in ‘76 but come into the ‘80s and The Specials with Ghost Town and it all kicked off in inner London……
Do you really want that back???
Privatisation is fine, but if you live in London you don't have a choice but to use Thames Water.
That isn't privatisation, that's a monopoly, which to be clear would be the exact same thing if it was state run, because a state run monopoly would also have no competition, thus no incentive to improve or lose business
That's true, but a private monopoly has an incentive to make a profit (=please the investor). Whereas a nationalized monopoly has an incentive to please voters (who coincidentially also happen to be the investors)
@@electron8262 that's a fantasy, look at any actual nationalised system, they only have incentive to increase their own budgets and shift the blame for failure, they do the bare minimum not to get fired.
You think "pleasing shareholders" means making it more expensive. But actually you please shareholders by keeping excellent service, which causes more people to sign up and pay happily. Not all "investors" are equal across their life, early on when you want maximum growth and thus take more risk you invest in growth companies, not just any startups but companies that invent new products and have room to grow, to sell more products to more people, these companies we expect to keep growing more business and thus more share price by say 10% per year (obviously there is a finite amount of smart internet integrated kettles or whatever that even the whole world would buy but you get my point) and then towards the end of your life (or even people who are more cautious or pessimistic naturally) you switch, you sell those shares that have had lots of growth to the next set of young people starting out, and you buy shares in DIVIDEND companies. Ones that have no more room to grow so instead consistently pay money out to shareholders, taken from the profits. Nobody expects them to keep putting prices up 10% every year in order to keep up with growth companies because it wouldn't work, instead you get a steady return from everyone paying for things they buy every month, food companies, drinks companies, energy companies and WATER companies. If you provide bad service, squander the investors money on massive salaries then you don't make a profit and can't pay out dividends. (As I said the problem is that we don't have that in the UK, we have a private monopoly for each area, but a state run nationalised system would just be a government monopoly with the exact same problems) the problem is that having multiple water companies is tricky for connections but that is something the dynamic leadership should be forced to overcome in order to justify their pay. Rather than taking out big loans in order to pay dividends and prop up their failing monopoly.
Having to rely on a system whereby ONCE every 5 years you vote in order to show you're frustrated with your water supply is retarded. For a start how would, even if the Government gets kicked out and a new party in, how would anyone know why you voted the Government out? It could have been any number of different reasons. Or if the Government doesn't get voted out, or your vote is lost because you're in a safe seat then what? You get the same shit service year after year.
Public bodies love morons like you, gullible twats who pay your taxes and think you can simply vote if you don't like something. In reality they're using that system of "accountability to voters" to hide from the fact they aren't really accountable to anyone. Certainly nowhere even close to 1% as accountable as a private company is to its CUSTOMERS (not just share holders)
"I'm really happy that my water is owned by the Saudis, Americans, Chinese & Australians" - Sarcasm level over 9000
Making Britain Great Again. By selling it off to foreign investors.
Government acting in the best interests of the people 👍
Hong Kong, not Chinese
@@TomNook. Last time I looked we handed Hong Kong back to China 25 years ago. So how is it "not Chinese"?
@@TomNook. Ask Chris Patten who 'owns' Hong Kong now.
Followed you guys from the beginning. Keep holding these shysters to account. Thank you for all you do.
It's good what they do but do their videos change anything? What's needed is direct action from the millions of customers (ie. everybody). The French would be rioting.
@@pipster1891 So what else do you suggest? LBD bring information to many people who are unaware of details such as owners of, example, their drinking water. It's not like the English (Scots, Irish & Welsh more likely to) protest that much is it, in fact many are more likely to protest against the protesters, even when that means long-term they are protesting against their own interests. I very much doubt the French would have allowed privatisation of water etc in the first place and neither would many other European countries. I donate to LBD by monthly DD and although I'm on a low income it's money well spent imo. Petitions don't work, millions on the street in peaceful protest doesn't work either. Mass refusal to pay bills? How would that work, who would organise it? People still buy the S*N, the Daily Heil, the Torygraph etc, still have social media owned by some of the worst people on the planet but 'hey *shrug*'?
They are partisan hacks
I started when they got Tufton Street and now I look forward to the next factoid scandal they will target next
I remember 1985, I was 16.., what Thatcher did to the UK was criminal.., Thatcher for whatever reason made it ok for a government who could serve a maximum 4 year term in office to sell off parts of OUR infrastructure we could never get back.., gone forever!.., who has that right and why was there never a referendum on it?.., Thatcher.., I hope your enjoying your eternity in the after life!
A Brilliant podcast.
Thank you for getting this information out there to the public.
Because the public can do something about it? Not only are we powerless it seems the British population are deluded as well
Thatcher was the beginning of the end of my beloved country. I've finally moved to Portugal now, and am relieved I'm not living through this daily hell any more.
Well good for you I guess but I can think of a few worst places to live other than the UK….
@@generalbennet1554 Yeah, Rwanda comes to mind 😉
When I was younger we never paid for our Water or we never paid for Council Tax .
The Tories have wrecked this country .
Private profit, public debt = capitalism.
Remember privatisation of water was done because govt. couldn't (wouldn't) borrow the money to fix long term problems. 32 years later we still have the same problems due to under-investment. Note also that it was the EU that forced us to improve water quality to give us the "Blue flagged beaches": where are they now after Brexit?
Not only under-investment, but they've stripped all the assets they could from these companies too.
Mainly in Wales, where water is run by a non-profit monolpoly.
@@lat1419 Plenty in Scotland too, where there's a similar arrangement with Scottish Water.
Privatisation is fine, but if you live in London you don't have a choice but to use Thames Water.
That isn't Capitalism, that's a monopoly which is actually the exact opposite of how Capitalism works, to be clear would be the exact same thing if it was state run, because a state run monopoly would also have no competition, thus no incentive to improve or lose business and we'd end up in the exact same shit.
If you think hard lefties are any less corrupt you're a naive child still, who's playing teams rather than caring about politics.
It's absolutely disgraceful.
Bring it back into public ownership!
And we should pay a penny to buy it back, if anything the businesses that own it should goto prison for the criminally damage they have done to the British environment.
Thank you Mrs Thatcher.
Please go check out Lough Neagh in Northern Ireland, it had a bi-law passed the the Sectary of State in the 1970s called Crown Immunity so the pumped raw sewage into the a 200 square mile lake. Over the next period the levels of breathing issues discovers by the residents on over a 100 miles of shoreline suffered. The EU stepped in through and Irish EU Minister and created the Nitrate directive , forcing the UK to start treating raw sewage. Since Brexit they have revered all the work done under the EU directive. The entire shoreline now has a blue ! Algie , samples of water taken directly point this to human waste at 35% agriculture animal waste 35% and chemicals used in farm the balance at 30% ,. The largest lake in the UK and the most polluted.
Excellent work. The sad thing is, the majority of people will not find out about this because their choice of newspaper won't report it, or they just don't care.
Are the UK one of only two countries in the world where water is privatised? Well presented LLBD’s. I’m sending this to my MP, who I believe voted against penalising Water Companies for sewerage dumping(?). The opposition must have a plan because this cannot be allowed to land back on us the consumers, having paid in our bills for years for this to have been done properly!
There's little point penalising them when Thames Water already borrrowed £60bil to monitor and rectify run off levels.
It's only england and Wales it's privatized not even all of the uk
Well, they *ought* to have a plan but who knows if they do
Yeah, Starmer has a plan. Keep everything the same until the another Tory government gets in.
BRITAIN IS NOT A COUNTRY SCOTTISH WATER IS NATIONALISED GO DO YOUR HOMEWORK
So the British PM who's family and friends are heavily invested in the companies that are teetering in debt...is now expected to rule who pays.
Does the UK not understand conflict of interest??
Thank you Led by Donkeys. I am horrified where we are right now... things must change
Well done Ofwat, a real good example of good Governance.
Fantastic work LedByDonkeys. The greed and waste of the UK elite is shocking!
It is and we also need to come up with a different word than elite for them
This is NOT a UK wide issue!!! It's England's problem.
I seem to recall that Thatcher's line was that the only way to get the investment needed into the outdated infrastructure was to use the investment that would flow in after privatisation - was there anything she did that benefited the country? The government in the early period of 'Austerity' cut back the size of the Environment Agency by sacking all the experienced personnel and presumably emasculated 'Offwat' at the same time.
Shareholders and bondholders must pay up. Water should never be privatized.
Privatisation is fine, but if you live in London you don't have a choice but to use Thames Water.
That isn't privatisation, that's a monopoly, which to be clear would be the exact same thing if it was state run, because a state run monopoly would also have no competition, thus no incentive to improve or lose business
Absolutely criminal actions , channeling the money in their pockets. Whilst letting the foul water pollute our rivers & beaches. Jail sentence is required here most certainly
As ever, a brilliant presentation but I fear nothing will change. We’re destined to pay more for less whilst lining the pockets of those foreign investors who couldn’t give a floating turd about polluting our coastline and countryside. Even if we get another Tory government with Keir Starmer, it’ll be the same old same old for years to come.
Defeat this defeatist attitude. Tell yourself NO NO No I am not taking this shit (literally). Get up and ask people to do a mass street protest. Don't let posh boys ruin YOUR lives. You are allowing a bunch of pampered poodles not men to shit all over you. They are literally pissing on your back and your response is ''nothing will change''. Can you see what you are doing? This is exactly what the Tories want to do. to take away your voice and your power of decision. They are enriching themselves on your complacency and chronic passivity. Don't give those bas***ds that kind of power. We fought in Ireland and stood up to the attempt to privatise our water and the people said NO in mass street protests and we won because we hit the streets with full conviction that it was morally wrong and we knew Irish Water would become a quango to enrich our Irish Tories called Fianna Gael and Fianna Fail. A bunch of morons who have destroyed everything they have touched in Ireland as we go from crisis to crisis. The two opposition parties of 100 years went into power to keep out the party the people overwhelmingly voted for, Sinn Fein. Can you imagine Labour and the Tories going into power together??? That's what they did in Ireland because the people hated them so much. But soon they will face the wrath of the people in the GE who they betrayed. But they have played their Trump card and now we know. So my point is don't take it. Get up. You have a voice or do you just want to be a fool for the rest of your life and have rich posh boys laughing at how stupid you are for taking it.
Another of Thatcher’s grim legacies.
Another excellent video by LBD. Congratulations!! Keep 'em coming.
One of the Evil One's most damaging legacies that is very difficult to fix. A finite resource that is essential to all life on earth and belongs to everyone, sold off to foreign businessmen. These people care only about profits and treat the environment with utter disdain. We have had rivers full of shit for the last 35 years.
The regulator (National Rivers Authority at the time, now the Environment Agency) is funded by taxpayers (of course) and has had so many cuts over the last 35 years that it doesn't even have the resources for regular testing, let alone prosecutions.
Many of us predicted this in the late 1980s, so we are not being wise after the event.
It is obviously the Tory way (obsession) to privatise everything. Having said that, the Blair/Brown Labour Governments (1997 to 2010) did bugger all to address the problems either.
Impressed that you managed to get this out so quickly. Very well made
They tried it in Ireland too, we went out on the streets until they reversed direction.
Why has nobody investigated JP MORGANS involvement with British Water.
Or will that be the next scandal to come.
A shareholder called "Li Kashing" which sounds like "Lee Cash In", it's like they're deliberately rubbing our noses in it!
We should recognise the mess of the Thatcherite policies and take down the statues to honour her
They should all be jailed ,tories too, disgusting
Well done! Solid work everyone involved.
All services needed for a county should not be privatised and run by the government with proper funding. Thanks to the Tories for causing yet more pain for our nation. It makes me sick, and that's without me taking a dip in our polluted rivers...
It's interesting that this happened when the UK left the EU proper.
Ahh the smell of sovereignty💩
Sovereignty under tory rule.
This happened more than 40 years ago - we always had sovereignty - even in the EU. Just more Tory lies while they steal your money and rights.
Rubbish. Been going on for years!!
Brilliant. . . More exposure of these b stards . . 👍👍
Utterly OUTRAGEOUS!
Top marks to Led by DONKEYS!
Thanks for shining some light on this issue... literally.
A Con by Lady Thatcher and the person who made her a Lady Queen Elizabeth the 2nd.... although we shouldn't forget Sir Jimmy Saville and Sir Rolf Harris had their shoulders tapped by her too.
Keep up the good fight, LBD, you guys are heroes to me.
Kudos to you guys, keep up the great work🤝👏✌️
This is a nightmare. Same with privatisation of parts of the NHS and the education department. Public services should not be privatisation- especially to foreign investors.
Brilliant as ever. Looking forward to hearing the Prime Minister’s response. I do hope you sent him a copy of your whole film as the newspapers will not adequately this scandal. We, the taxpayer, have already cleared their debts once, not again.😊
Perhaps I should stop working and use bank loans to pay a wage for myself. Finally, when debt collectors come calling, I can then demand that everyone around me pay my bank loans. That is what we are witnessing here with water companies.
LBD are absolute heroes......Bravo!!
Almost as if a company is used as a lifestyle machine, enriching those with connections, whilst the company limps on to its final death throws.
I used to be involved in the restoration and drying of properties flooded by Thames Water. A lot of old brittle major water mains out there waiting to blow and I can tell you that for home owners having 3 feet of water through your property is devastating. We lost the work, dropped like a stone, around about 2010 when new management came in and I think they then just passed all the agro and costs onto the homeowners insurance companies. I think those were early signs of the debts they were accruing. Quite sad. I still have tons of drying plant holed up somewhere unused since that time. 😢
Thanks LBD for all the work you do. It's been great to see how you have progressed and continued to grow since the first few posters on advertising hoardings. As long as you continue I'm happy to help support you via my monthly DD and hope many more will start to so that you can investigate and produce more frequent and wider-ranging projects in various formats.
Brilliant.
Nationalize the water companies.
Better yet force that company to invest in the infrastructure or face jail time and a fine adjusted for wealth, while simultaneously nationalizing it.
@elipa3; REnationlise the water companies*.
Privatisation has worked! Yet another fantastic example of how Privatisation has changed this country for the better. Please everyone, keep voting Tory, so they can finish this country off for good.
Great work. Although it’s just so depressing.
If this was actually projected on the building absolutely well done to whoever managed to make it align so well.
it was, and there is a nice and big park on the other river bank where they could project and film from and not be bothered by the cops.
Ah, yes, the invisible hand of private enterprise. Grabbing it and running. Marvellous.
The answer is simple but no politician has the balls to go for it. All utility companies ( water, gas & elec. ) should be owned by their customers. Underwritten by government ( just like before ) ownership can be smoothly transferred to each company's customers. Hedge funds and pension funds can own chunks but no one entity can hold more than, say 20%. That way we avoid the blatant misuse and abuse of power by reckless majority shareholders. It ain't rocket salad.
I'm far from religious, but when I hear about Thatcher I like to believe there is at least a hell
Greed wins out. Until there is nothing left. The regulator did nothing. Companies bought and sold increasingly adding debt. That money taken offshore, never to be seen again. Expect more to follow. Eyes on Southern Water.
Well done Led By Donkeys.
Water - vital to all life - should never be in private hands.
if the government has the power to say we are taking that back, why cant we say the same about our tax money being ill used. i pay enough in water rates has it is without bailing them out.
Problem is if Labour took back control and returned it into public hands, the public would have to pay to fix the problem. Then when everything is working properly and the tories got back into power, you guest it, they would flog it off again at a bargain basement price to their mates again. Get used to the fact the tories are just a criminal organisation operating under the guise of being a political party.
Absolutely brillant and concise presentation.
LBD is seriously underrated!
watched this on your insta page. well done for your great work.
Any chance of dumping a few hundred gallons of sewage on the homes of Thames Water executives?
LBM videos never disappoint - wish there were more across more subjects x
@froufou100; I agree, but if people don't donate - lump sum or monthly, then they can't afford to so, it's up to people to help them reach wider audiences and more often.
Privatisation of major state infrastructure is bolocks. They did it In my country after too and still selling stuff which have value just under plain sight of people live in the country. Problem is not that those big national businesses go to depts but policies and mismanagement of them. Same go for money. If you do not handle your currency like also happened in my country you have to switch for other. Slovakia was needed euro to survive while Czechia did not. Switzerland has two currencies. One solely for inland trade. As such do not losing value out at global market and money circle inside the country.
As usual; the profits are private, the debt is public.
No one seems to ask the question, where did all the money go?
All these massive companies sold off. Where is the money?
All the council houses sold. Where is the money?
The highest taxes in living memory, where is the money?
The sixth richest country in the world. Where is the money?
Billions of dollars flowing into London from corrupt Russians. Where is the money?
Britain has been gas-lighted on a nationwide scale for decades. We all believe we are poor. Poor? The sixth richest country in the world.
Nationalise private education while you're at it. We will never have social equality while Eton et al exist!
We need to renationalize the education system anyway.
The Tories won't do the right thing. They don't want to bite the hand that feeds them. Next year they'll be in need of jobs, so gifting billions of our money to avoid upsetting investors will go a long way towards feathering their future nests.
Do these companies show any assets at all on their balance sheets? It is difficult to imagine even the most rabid financial institutions lending to them on such a scale without some sort of surety.
I would guess that it should be simple enough to nationalize a bankrupt utility firm...
The water companies have the debt and the collateral is the knowledge the government will bail them out. The investors have a norisk Investment which they will have depreciated fully, every year of dividends is a bonus. In case of privitisation the debt and postponed investment will be paid by the taxpayer and the investors will move on celebrating the good years they had.
@@harryvanrijn6366 Seeing as an "understanding" is not an asset, I would suggest that the investors are hoping for a similarly benevolent government to that which privatized the industry in the first place. Once again, when the firm is bankrupt (not just morally, but financially as well), the investment is worth a pro rata share of the assets... no sweeping up for the taxpayers.
Great video - privatisation was a terrible mistake.
Love you guys so much, keep up the terrific work!
All monopolies should be illegal. Including natural monopolies like services to your house. As a result these ones should legally only be publicly owned.
I feel like my sole purpose is to work my life away to ensure the rich get richer while I get poorer. Does anyone else feel the same way?
They are certainly trying to indoctrinate us to think this is the only way it's meant to be
I work for an investment company, so yes
They'll get away with it, again and again.
What on earth?! How can we sell our country to foreign nations so blatantly?
@oscarmoxon102; 🤑 All of it is sold. Land, water, defence, nuclear energy, communuications, hospitality, manufacturing, food production, housing, health, your own health records, education, transport, you name it - at least some of it is owned/controlled by foreign 'investors' / countries and not just by 'friendly neighbourhoods'. We only exist as a people and as a 'country' by the 'benevolence' of foreigners, both good and bad. Ask the people responsible - start with the ex-London Mayor / ex-Foreign Sec / ex-PM Johnson for one and don't forget Peter Mandelson, Rupert Murdoch, Lord Evgeny Lebedev of Hampton and Siberia and his KGB father. Plenty of others like those who have betrayed this country and its people over decades.
its almost as if plutocracy won ww2 or something
Fascism!
Absolutely fantastic as always
Tremendous job as always!
I'm awestruck by the activities of LBD.
Fs!
We've read this script many times already. Banks went under the Tories used taxpayers money to bail them out. Then energy companies went under Tories used taxpayers money to bail them out. Train companies have received constant bailouts for the past 14 years and right now the government is paying them to weather the strikes with taxpayers money. This government is a like that sewage we have become so used to in our waters.
Tories Out!
Hang on, I thought brexiters didn't like foreigners interfering with our Little Ingerland.
Indeed, that's the irony. The British taxpayer has been paying "reparations" to elites in its former colonies and other places for many years, and are in debt for much more that's already been extracted.
Instant subscribe. Amazing work.
I'm so glad Northern Ireland never privitised its water or rail infrastructure.
How have more people not seen this??
Yay cr@pitalism 🙄
The fact that there is a billionaire called “ka-shing” is brilliant