Gransnet forums

News & politics

Page 2 of 2 | First | Previous | Next | Last
| Flip | Customise |

Thames Water…angry

(29 Posts)
Add comment | Report
Nandalot Mon 08-Jul-24 19:46:23

Thames Water is in a parlous state, both its infrastructure and its finances. It is 15.6 billion in debt, yet in March managed to pay 150 million in dividends. I thought shareholders were only supposed to get a dividend when a company is profitable. No doubt the taxpayer will have to pick up the pieces. I am disappointed that the government (seems strange writing that about Labour ) is not talking about nationalisation.
www.theguardian.com/business/article/2024/jul/08/starmer-reeves-briefed-critical-risk-thames-water-whitehall-debt-infrastructure

Add comment | Report
nanna8 Tue 16-Jul-24 03:00:42

What a shame. I have fond memories of fishing in the Thames with my Dad, somewhere around Richmond. It would have been in the 1950s. He used to catch fish and then carefully put them back. Happy days.

Add comment | Report
Grantanow Wed 17-Jul-24 18:07:58

Sewage aside, it seems Thames Water will run out of money in 2025 and absent a private investor will have to be taken into special measures.

Add comment | Report
Macadia Wed 24-Jul-24 17:32:56

nanna8

What a shame. I have fond memories of fishing in the Thames with my Dad, somewhere around Richmond. It would have been in the 1950s. He used to catch fish and then carefully put them back. Happy days.

That is a lovely memory. Introducing more fish into the Thames is part of the biological method used to clean it up. There is still hope. It is a British responsibility and a British pride so it is awful to think the water is being managed outside of the country. There should have been laws in place that stopped foreign ownership.

Page 2 of 2 | First | Previous | Next | Last
| Flip | Customise |