M0nica
Last week R4's programme, The Briefing Room, looked at the water industry, in particular Thames Water.
If you want to know the full horror of how the owners of water companies have stripped £billions in dividends out of these companies and not invested a penny. I recommend a listen.
www.bbc.co.uk/programmes/m001yxl5
It's even worse than this, Thames Water in particular has borrowed money to pay dividends - really this should be picked up by auditors as it is not "prudent" which public companies are required to be. Now they have huge debts due to this as well as an appalling pollution record.
My husband was a consulting water engineer, working all over the world for the World Bank on improving water. We now live overlooking the Thames and very regularly see that the water is scummy and obviously polluted, he believes that there really is no excuse for it.
So much for Margaret Thatcher suggesting that privatisation would raise money for improving infrastructure.


