Watch This Water Boss ADMIT Privatisation Failed

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[Jimmie]

Ban them from paying dividends until the infrastructures 100% functional. Drag the operators into court and sue them for fraud.

[arghjayem]

03:15 so if customers aren’t paying for repairs, aren’t paying for upgrades and aren’t paying for climate change protection…..what exactly are they paying for with increasing bills every year? Oh that’s right, shareholders.

[bodricpriest]

Socialism for me, capitalism for thee... Please can we not let these thieves do this to us....

[hgmet]

Put them in jail for the damage they've done to this country. Not to mention £57 BILLION they paid themselves in dividends, whilst taking on billions in debt, which the taxpayer will shoulder once they inevitably go under.

[evadd]

After hearing all of this, why would water ever be privatized except to give money to the investors? This is such a waste of money. If the investors re only there to get profits, why are they involved? if the users and the govt (same people) are expected to pay for the costs, why are they even involving the private investors?

[jason_samosa]

How are you allowed to do share buy backs and pay out dividends while accumulating debt?

The absurdity of privatising our access to water is astonishing.

[robertwinslade]

We can't afford NOT to nationalise our water

[utopiate]

Corruption expressed in a calm, well spoken manner is still corruption.

[jonypo]

Imagine not doing your job for years, paperwork in your office has grown into a small mountain. Then once your boss starts to notice, you take a massive shit in their desk whilst maintaining eye contact with them. When you get brought in to explain your actions you insist... no demand a pay increase.
This is the mindset of Thames Water.

[WhoOneIs]

Privatisation: take the profits and offset the risks onto the taxpayer.

[peterwhitear]

what has happened to the money we have all paid since 1989 they gave it to share holders get this money back from them not the customer.

[aydeet]

'We need to finance that'

How about that 14 billion of debt you have? What did that finance...

[charlottebowes]

The shareholders got them into debt, they can get them out.

What the board has neglected to do is ask the shareholders for money…

[jujutrini]

Customers have been paying EXPECTING reasonable and sufficient maintenance and investment in the infrastructure of our water systems. The rates that we have been paying means that that was a reasonable expectation.
NATIONALISE WATER NOW!

[Lee_]

Yeah they stole from people they need to pay it back.

[bristolfashion]

Ms Ross has overseen a colossal failure of intention. On YT, you can watch her spout rubbish *year after year after year* about how Ofwat will make sure that the water companies comply with "5 methodologies" that will deliver the highest "customer satisfaction" and "environmental standards"... Over and over again, she's been the figurehead who's spouted what turns out to have been complete fiction. And now she's in charge of TW - could either be the biggest example of poacher-turned-gamekeeper EVER - or else a record-winning example of failure being rewarded - you, dear reader, can decide !!

[dobiqwolf]

Why are water and energy infrastructure private, these services are needed for the population and for the economy to function and should never be used for profit.

[acrodave]

If they put the bills up by 50%, it won't be used to fix the infrastructure, it'll be used to make the bosses and the shareholders 50% richer. In a sane world, the London assembly should have invited all the bosses to the meeting, taken them into a small room, and gone through the lot of them with a captive bolt pistol. And the same goes for the shareholders.

[leighvaughton]

Wow, it turns out that random rich shareholders somewhere on the planet DON'T have the best interests of British water at heart. Who'd have thunk it.

[chrisyoungdesign]

Dividends of £70 billion and $60 billion debt hmmm so basically you ran your companies in the ground