Dynawritecat
Yes and now look at Thames Water. Privatisation of essential facilities should never have happened.
My husband was a civil engineer specialising in water and worked all over the world (including the UK) pre-privatisation. Thatcher ruined the industry, many of the new privatised companies tried to take over the consultancy work that competent engineers used to do and, almost without exception, lost a fortune as they didn't have staff who could do the work and had much higher management overheads.
Most of the old consultancies were taken over by the new water companies or merged with others, many of them from overseas. A huge chunk of our foreign earnings were lost, forever.
Thames Water is a prime example of the result of this policy.
These water companies pay huge salaries and bonuses to their board members, regardless of their competence. They're top-heavy with management and they have to pay dividends too. Sadly not enough of our payments for water have made their way into the system to pay for necessary updating.