Southern Water wants to increase its bills by £436 a year, but is not expected to get approval.
  • @thr0w4w4y2@sh.itjust.worksEnglish
    1•6 months ago

    yes that would be awesome, but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout, plus “service all the debt the company is in” which is another bailout, before you’ve even got started with fixing the horrible lack of investment over many years

    • @IchNichtenLichten@lemmy.worldEnglish
      2•6 months ago

      but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout

      The shares would be almost worthless.

      plus “service all the debt the company is in” which is another bailout

      Nope, the company would be wound up.