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Fuck.

Thames Water planning on fucking us over the most. But remember that Thames water haven’t paid out a divided since the Aussie owners pillaged them and sold it to the Saudis.

In a very narrow definition of dividends that doesn’t include paying out to the Saudis.

https://www.telegraph.co.uk/business/2024/04/23/thames-water-plots-2bn-shareholders-despite-collapse-threat/

Edit: O P says the article headline was changed, and the post title has been corrected now. So removed my downvote, leaving this for the record. I hate deleted comments. Downvoted for the shit title. Article headline says £19 a year. £94 over a random 5 year period, may as well say it goes up by £1880 per century… That said, it’s another shitty case of socialise the losses caused by mismanagement.

This is the best summary I could come up with:

Water bills in England and Wales are set to rise by an average £94 over the next five years, the water regulator Ofwat has said.The figure varies by region with Thames customers seeing an increase of £99 or 23%, Anglian £66 or 13% and Southern Water £183, an increase of 44%.The typical £19 a year increase is intended to fund investment for improvements such as replacing leaking pipes and reducing sewage discharges into rivers and seas.It comes as suppliers have come under increasing scrutiny over their environmental and financial performance over a number of years.On Thursday, Labour will outline a crackdown on the industry, promising consumers higher compensation for sewage failures and the power to hold water executives to account.

The new Secretary of State for Environment Food and Rural Affairs, Steve Reed, will also meet water company bosses to discuss performance issues and ways of improving the sector’s performance.

The original article contains 150 words, the summary contains 150 words. Saved 0%. I’m a bot and I’m open source!

Funny, I say the same thing about the paychecks I get from my 3 part time jobs