Thames Water says bills must go up by 40% : Ofwat has said No

[arista]

Thames Water will find out from
Ofwat if there wish for a 40% increase in bills
can happen.


If it does not
they will slowly go under.


And Starmer PM will have to take them over.................................


Ref: ITV1HD news

https://www.ofwat.gov.uk/

[arista]

BBC News Text:
[The boss of Thames Water took a
£195,000 bonus as the debt-laden
company seeks to raise new money
from investors and hike bills
for customers.
Chris Weston defended his decision,
the paper notes, saying the struggling
utility firm needs to attract
the "best talent."]


https://ichef.bbci.co.uk/news/976/cpsprodpb/3d13/live/65979ba0-3e38-11ef-9e1c-3b4a473456a6.png.webp

[Zizu]

BBC News Text:
[The boss of Thames Water took a
£195,000 bonus as the debt-laden
company seeks to raise new money
from investors and hike bills
for customers.
Chris Weston defended his decision,
the paper notes, saying the struggling
utility firm needs to attract
the "best talent."]


https://ichef.bbci.co.uk/news/976/cpsprodpb/3d13/live/65979ba0-3e38-11ef-9e1c-3b4a473456a6.png.webp


That’s nothing !
irYOT0Nk-A8


Sent from my iPhone using Tapatalk Pro

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-07e898f3-c1db-4640-9d6f-fedc6ad90068.jpeg

[arista]

[Thames Water will find out from
Ofwat if there wish for a 40% increase in bills
can happen.]


Ofwat has said NO
to any big price increases


So Thames Water
will have to be given to the Government
to take over, soon.

[arista]

Ofwat has said
a level from next April
will be around £19 a year increase.

Thames Water
have stated they must have a Larger Increase
or they will close down.


Thames Water is also paying their CEO
£195K Bonus

[The boss of Thames Water has taken a
£195,000 bonus for his first three months
in post at the same time as
urging regulators to allow the troubled
utility to hike customer bills by
nearly 60 per cent.]


This a Pay Online Link, now
https://inews.co.uk/news/thames-water-boss-195k-bonus-bill-hikes-3160764

https://www.bbc.co.uk/news/articles/cyx0jxrq7y4o


[The bill hike is intended to fund investment
for improvements such as replacing
leaking pipes and reducing sewage
discharges into rivers and seas.

It comes as suppliers face increasing scrutiny
over their environmental and
financial performance over the past years,
as well as anger over executive pay.

The bill hike varies by region,
with Thames Water customers facing
an increase of £99 or 23%
over the next five years,
Anglian customers looking at £66 or 13%,
and Southern Water customers facing £183,
an increase of 44%.

The proposed bill rises can be challenged by
the water firms, with a final determination
due at the end of the year with increases
set to take place from April.

David Henderson, chief executive of industry
group Water UK, told BBC business editor
Simon Jack:
"We think they’ve [Ofwat] got this wrong."

"This is an unrealistic and unfair decision
from Ofwat and our economy and
environment will pay the price," he said.

A spokesperson for the lobby group
said the proposed plans were
"the biggest ever cut in investment."]

[arista]

A New Lib Dem MP
on Politics Live BBC2HD

She wants to scrap Ofwat.

[bots]

yeah scrapping ofwat is just what consumers need. Let the water companies charge consumers whatever they like. That's a great idea

[Livia]

Stop all bonuses. That's be a start.

[bots]

My understanding is that thames water has billions in cash on hand

[arista]

My understanding is that thames water has billions in cash on hand

Yes in their pockets.


PM Starmer Labour
will at some point
in the near future
take them, over.

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-6559b287-bd17-4f64-ba75-7e03ee404e15.jpeg

[The Slim Reaper]

All the arch tories in anger about this, and yet whenever, the left says, actually we should renationalise these services, and profits should go into service improvement and bill reduction, they call us extremists :laugh:

Enjoy your sh1tty water, punks.

[arista]

All the arch tories in anger about this, and yet whenever, the left says, actually we should renationalise these services, and profits should go into service improvement and bill reduction, they call us extremists :laugh:

Enjoy your sh1tty water, punks.


This goes way back to Tony Bloody Blair

[The Slim Reaper]

This goes way back to Tony Bloody Blair

It goes back to when water was privatised, which was pre-Blair under a tory government.

Still, the only side offering a fail safe solution is the extreme hard left, with their popular policies that most of the country agrees with :smug:

Extremism.

[arista]

It goes back to when water was privatised, which was pre-Blair under a tory government.

Still, the only side offering a fail safe solution is the extreme hard left, with their popular policies that most of the country agrees with :smug:

Extremism.



Of Course Slim

Why did Tony Bloody Blair
not build more Water Reservoirs

[The Slim Reaper]

Of Course Slim

Why did Tony Bloody Blair
not build more Water Reservoirs

Why did the tories sell off all of our public services, to put them at the mercy of capitalist profiteering? This has nothing to do with Blair (beyond failure to renationalise), who hasn't been anywhere near government for a long time.

Tories expecting labour to fix all their mistakes in the short time they get in-between right wing ideology destroying this country.

[arista]

Utter Bollocks Slim

"This has nothing to do with Blair"

He was in Power with New Labour 1997

Long Enough to Get New Reservoirs built

https://en.wikipedia.org/wiki/1997_United_Kingdom_general_election

https://en.wikipedia.org/wiki/2005_United_Kingdom_general_election

[arista]

[An essential public service teeters on the edge of collapse.
Mired in debt, caught up in scandal,
and definitely too big to fail – many believe it is
only a matter of time before the government steps in.]


Starmer needs to Build more new Water Reservoirs

[arista]

Thames Water has been fined £104 million

And 2 Other Mega Groups


[Thames Water,
Yorkshire Water and
Northumbrian Water face £168m fines
by the industry regulator over
historic sewage spills.
The proposal will now go to public consultation
and is part of Ofwat's largest ever
investigation into water company performance.

The announcement comes amid growing
public anger over the environmental
and financial performance of some
water companies.]

https://www.bbc.co.uk/news/articles/c5ypp032le0o

[Vanessa]

I'm with affinity water.

[arista]

The Problem is those mega fines
will be paid for by all the customers in higher bills.


And Thames Water
told ITV1HDnews they only have enough money until May 2025?

[The Slim Reaper]

Capitalism, bruh. Ammi

[Ammi]

Capitalism, bruh. Ammi

https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExOHltbnpxcThrMWxlem9meGNhcTl6NmF 5NDVld3Jiem00eGR4ZXB5cyZlcD12MV9pbnRlcm5hbF9naWZfY nlfaWQmY3Q9Zw/WI65wqQBpwfIkFZZRw/giphy.gif


….bruh…

[joeysteele]

Stop all bonuses. That's be a start.

Yes indeed.
I agree with that.

[arista]

An Expert has said these are not Fines
they are ideas of fines.

Like it will never be paid.

[arista]

BBC News Text :
[Water regulator Ofwat faces being axed,
saying it has lost the confidence
of politicians and the public after
mass illegal sewage dumping
in the UK's waterways.
The paper says the UK and Welsh
governments are launching a
commission to "consider radical reform"
of the water industry, adding that
ministers have ruled out nationalisation.]

https://ichef.bbci.co.uk/ace/standard/976/cpsprodpb/3773/live/f35354e0-90c0-11ef-b3c2-754b6219680e.png.webp

[arista]

Thames Water secures £3bn loan
to survive into 2025

[The company's debt will swell to £17.9bn
by the end of next March,
it confirmed on Friday.]

https://www.bbc.co.uk/news/articles/c704wzx38p1o

[arista]

BBC News Text:
["Water firms fined just £2 by watchdog despite
record sewage levels" headlines the i Weekend.
The paper reports water companies in England
have only been fined the amount by
regulator Ofwat since 2021
for breaching regulations.
Campaigners told the paper
the fine was "pathetic".]



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