#privateprofitpubliccost — Public Fediverse posts

#KeirStarmer aims to turn the spotlight onto #Sunak’s career before politics in the lead up to the first #TVdebate about the #GeneralElection

#RishiSunak must face questions about the fortune he earned at a #HedgeFund which engineered a deal at the heart of the [2008] #FinancialCrash, #Labour has said, as it prepares to launch its first major attack on the prime minister ahead of the election debates.
https://www.theguardian.com/politics/article/2024/jun/02/pm-must-face-questions-about-hedge-fund-at-heart-of-financial-crash-says-labour
#GE2024 #ToryBehaviour #PrivateProfitPublicCost

#KeirStarmer aims to turn the spotlight onto #Sunak’s career before politics in the lead up to the first #TVdebate about the #GeneralElection

#RishiSunak must face questions about the fortune he earned at a #HedgeFund which engineered a deal at the heart of the [2008] #FinancialCrash, #Labour has said, as it prepares to launch its first major attack on the prime minister ahead of the election debates.
https://www.theguardian.com/politics/article/2024/jun/02/pm-must-face-questions-about-hedge-fund-at-heart-of-financial-crash-says-labour
#GE2024 #ToryBehaviour #PrivateProfitPublicCost

#KeirStarmer aims to turn the spotlight onto #Sunak’s career before politics in the lead up to the first #TVdebate about the #GeneralElection

#RishiSunak must face questions about the fortune he earned at a #HedgeFund which engineered a deal at the heart of the [2008] #FinancialCrash, #Labour has said, as it prepares to launch its first major attack on the prime minister ahead of the election debates.
https://www.theguardian.com/politics/article/2024/jun/02/pm-must-face-questions-about-hedge-fund-at-heart-of-financial-crash-says-labour
#GE2024 #ToryBehaviour #PrivateProfitPublicCost

#KeirStarmer aims to turn the spotlight onto #Sunak’s career before politics in the lead up to the first #TVdebate about the #GeneralElection

#RishiSunak must face questions about the fortune he earned at a #HedgeFund which engineered a deal at the heart of the [2008] #FinancialCrash, #Labour has said, as it prepares to launch its first major attack on the prime minister ahead of the election debates.
https://www.theguardian.com/politics/article/2024/jun/02/pm-must-face-questions-about-hedge-fund-at-heart-of-financial-crash-says-labour
#GE2024 #ToryBehaviour #PrivateProfitPublicCost

#KeirStarmer aims to turn the spotlight onto #Sunak’s career before politics in the lead up to the first #TVdebate about the #GeneralElection

#RishiSunak must face questions about the fortune he earned at a #HedgeFund which engineered a deal at the heart of the [2008] #FinancialCrash, #Labour has said, as it prepares to launch its first major attack on the prime minister ahead of the election debates.
https://www.theguardian.com/politics/article/2024/jun/02/pm-must-face-questions-about-hedge-fund-at-heart-of-financial-crash-says-labour
#GE2024 #ToryBehaviour #PrivateProfitPublicCost

#Airbnb and #Booking.com allowing illegal social housing sublets, say #English councils

#SocialHousing providers claim platforms are refusing to cooperate with requests to remove illegally listed #HolidayLets
https://www.theguardian.com/society/article/2024/may/26/airbnb-and-bookingcom-allowing-social-housing-sublets-say-english-councils
#PrivateProfitPublicCost

#ThamesWater tests for #VomitingBug contamination as families fall sick

Exclusive: after #cryptosporidium outbreak in #Devon, residents in #SouthEastLondon report stomach cramps and diarrhoea
https://www.theguardian.com/environment/article/2024/may/25/thames-water-vomiting-bug-cryptosporidium
#ToryPoliciesInAction #ThatchersLegacy #PublicHealth #PrivateProfitPublicCost #ProfitBeforePeople #GE3024 #GTTO

#England & #Wales #WaterFirms ask for bill rises of between 24% and 91%
https://www.bbc.co.uk/news/articles/ce55vp78n40o.amp

#ToryPoliciesInAction #ThatchersLegacy #PrivateProfitPublicCost #Greedflation #PayBackTheDividends

'Huge rise in #sewage discharges into #Lewes #rivers and the sea' | The Argus

'Sewage discharges into #waterways soared by 87 per cent in a year, according to new data.'
https://www.theargus.co.uk/news/24328134.huge-rise-sewage-discharges-lewes-rivers-sea/
#ToryPoliciesInAction #ThatchersLegacy #ShittyOldEngland #PrivateProfitPublicCost

#WaterIndustry [#England & #Wales]

#SouthWestWater owner says 85% of service restored as it raises #dividend

Utilities company hands out £127m to investors despite anger over #ParasiteOutbreak in #Devon
https://www.theguardian.com/business/article/2024/may/21/south-west-water-owner-service-dividend-devon
#ToryPoliciesInAction #ThatchersLegacy #ProfitBeforePeople #PrivateProfitPublicCost

#Shareholders in some of the #UK's largest #WaterCompanies have taken out tens of billions of pounds but #FailedToInvest, new research claims, with firms planning to raise #HouseholdBills to fund future spending. https://www.bbc.co.uk/news/articles/cw4478wnjdpo.amp
#ToryPoiciesInAction #ThatchersLegacy #PrivateProfitPublicCost

#Shareholders in some of the #UK's largest #WaterCompanies have taken out tens of billions of pounds but #FailedToInvest, new research claims, with firms planning to raise #HouseholdBills to fund future spending. https://www.bbc.co.uk/news/articles/cw4478wnjdpo.amp
#ToryPoiciesInAction #ThatchersLegacy #PrivateProfitPublicCost

#Shareholders in some of the #UK's largest #WaterCompanies have taken out tens of billions of pounds but #FailedToInvest, new research claims, with firms planning to raise #HouseholdBills to fund future spending. https://www.bbc.co.uk/news/articles/cw4478wnjdpo.amp
#ToryPoiciesInAction #ThatchersLegacy #PrivateProfitPublicCost

#Shareholders in some of the #UK's largest #WaterCompanies have taken out tens of billions of pounds but #FailedToInvest, new research claims, with firms planning to raise #HouseholdBills to fund future spending. https://www.bbc.co.uk/news/articles/cw4478wnjdpo.amp
#ToryPoiciesInAction #ThatchersLegacy #PrivateProfitPublicCost

'How the overseas owners of the #UK’s WaterCompanies clean up by #polluting our #rivers

Soiled seas and huge shareholder dividends: where has the £64bn borrowed by firms since #privatisation gone?'
https://www.theguardian.com/commentisfree/2024/apr/26/england-water-companies-shareholders-dividends-river-sea
#ToryPoliciesInAction #ThatchersLegacy #PrivateProfitPublicCost

#ThamesWater could raise bills to £627 a year to help fix leaks

Embattled water supplier promises to invest up to £3bn more over the next five years
https://www.theguardian.com/business/2024/apr/22/thames-water-bills-fix-leaks
#ToryPoliciesInActiin #Privatisation #ThatchersLegacy #PrivateProfitPublicCost

#ThamesWater-linked firm paid £14m in #dividends despite concerns over group

#KennetProperties sells off Thames Water land, whose owner, #KembleWater, has warned it would not be able to pay a £190m loan
https://www.theguardian.com/business/2024/apr/21/thames-water-linked-firm-paid-14m-in-dividends-despite-concerns-over-group
#ToryPoliciesInAction
#ThatchersLegacy
#PrivateProfitPublicCost

#ThamesWater-linked firm paid £14m in #dividends despite concerns over group

#KennetProperties sells off Thames Water land, whose owner, #KembleWater, has warned it would not be able to pay a £190m loan
https://www.theguardian.com/business/2024/apr/21/thames-water-linked-firm-paid-14m-in-dividends-despite-concerns-over-group
#ToryPoliciesInAction
#ThatchersLegacy
#PrivateProfitPublicCost

#ThamesWater-linked firm paid £14m in #dividends despite concerns over group

#KennetProperties sells off Thames Water land, whose owner, #KembleWater, has warned it would not be able to pay a £190m loan
https://www.theguardian.com/business/2024/apr/21/thames-water-linked-firm-paid-14m-in-dividends-despite-concerns-over-group
#ToryPoliciesInAction
#ThatchersLegacy
#PrivateProfitPublicCost

#ThamesWater-linked firm paid £14m in #dividends despite concerns over group

#KennetProperties sells off Thames Water land, whose owner, #KembleWater, has warned it would not be able to pay a £190m loan
https://www.theguardian.com/business/2024/apr/21/thames-water-linked-firm-paid-14m-in-dividends-despite-concerns-over-group
#ToryPoliciesInAction
#ThatchersLegacy
#PrivateProfitPublicCost

#ThamesWater #nationalisation plan could move bulk of £15bn debt to state

Exclusive: Under Whitehall blueprint for #WaterCompany some lenders could lose up to 40% of their mone

#ProjectTimber
https://www.theguardian.com/business/2024/apr/18/whitehall-blueprint-for-thames-water-nationalisation-could-see-state-take-on-bulk-of-15bn-debt
#ToryPoliciesInAction #PrivateProfitPublicCost

'It’s clear the business model for #ThamesWater has failed & the company is unviable. Even it's own shareholders refuse to keep it afloat.

staff are facing an uncertain future, jobs at risk & no hope of much-needed investment. Customers will have to contend with poor water quality and rising bills.

This utter chaos is further evidence the government needs to renationalise Thames Water now.'

https://www.theguardian.com/business/live/2024/mar/28/thames-water-crisis-sewage-rivers-funding-uk-recession-gdp-economy-sterling-business-live
#ToryPoliciesInAction #privatisation #SewageScandal #PrivateProfitPublicCost

Fresh crisis for #ThamesWater as investors pull plug on £500m of funding

Decision raises concerns about financial future of UK’s biggest #WaterCompany
https://www.theguardian.com/business/2024/mar/28/fresh-crisis-for-thames-water-as-investors-pull-plug-on-500m-of-funding
#ToryPoliciesInAction #Privatisation #Pollution #Sewage #PrivateProfitPublicCost
#NationalisationWithoutCompensation

#BritishGas profits leap from £72m to £751m in a year

#Unite union says #UK #energy supplier’s bumper results ‘come off the back of exorbitant energy bills’
https://www.theguardian.com/business/2024/feb/15/british-gas-profits-energy-bills-centrica
#ToryPoliciesInAction #Greedflation #CostOfLivingCrisis #PrivateProfitPublicCost

#ThamesWater forecasts more #leaks over next two years than predicted

Revision will pile further pressure on firm to invest in #infrastructure amid anger over its #sewage-dumping record
https://www.theguardian.com/business/2024/feb/12/thames-water-forecasts-more-leaks-over-next-two-years-than-predicted
#ToryPoliciesInAction #PrivateProfitPublicCost

#MoD #firefighters’ #pensions delayed after #CapitaGroup blunders

Trade union #Unite tells of concerns about 2025 contract to administer #CivilServicePensionScheme
https://www.theguardian.com/business/2024/feb/11/mod-firefighters-pensions-delayed-after-capita-group-blunders
#Crapita #CSPS #ToryPoliciesInAction #PrivateProfitPublicCost

#MoD #firefighters’ #pensions delayed after #CapitaGroup blunders

Trade union #Unite tells of concerns about 2025 contract to administer #CivilServicePensionScheme
https://www.theguardian.com/business/2024/feb/11/mod-firefighters-pensions-delayed-after-capita-group-blunders
#Crapita #CSPS #ToryPoliciesInAction #PrivateProfitPublicCost

#IndiaUK #TradeTalks: don’t make it harder for the #health service

#Britain is pushing for #patent changes that could increase the cost of Indian #GenericDrugs, diverting more of the #NHS budget to #BigPharma
https://www.theguardian.com/commentisfree/2024/feb/07/the-guardian-view-on-india-uk-trade-talks-dont-make-it-harder-for-the-health-service
#ToryPoliciesInAction #ProfitBeforeHealth #PrivateProfitPublicCost

#IndiaUK #TradeTalks: don’t make it harder for the #health service

#Britain is pushing for #patent changes that could increase the cost of Indian #GenericDrugs, diverting more of the #NHS budget to #BigPharma
https://www.theguardian.com/commentisfree/2024/feb/07/the-guardian-view-on-india-uk-trade-talks-dont-make-it-harder-for-the-health-service
#ToryPoliciesInAction #ProfitBeforeHealth #PrivateProfitPublicCost

#IndiaUK #TradeTalks: don’t make it harder for the #health service

#Britain is pushing for #patent changes that could increase the cost of Indian #GenericDrugs, diverting more of the #NHS budget to #BigPharma
https://www.theguardian.com/commentisfree/2024/feb/07/the-guardian-view-on-india-uk-trade-talks-dont-make-it-harder-for-the-health-service
#ToryPoliciesInAction #ProfitBeforeHealth #PrivateProfitPublicCost

#IndiaUK #TradeTalks: don’t make it harder for the #health service

#Britain is pushing for #patent changes that could increase the cost of Indian #GenericDrugs, diverting more of the #NHS budget to #BigPharma
https://www.theguardian.com/commentisfree/2024/feb/07/the-guardian-view-on-india-uk-trade-talks-dont-make-it-harder-for-the-health-service
#ToryPoliciesInAction #ProfitBeforeHealth #PrivateProfitPublicCost

#IndiaUK #TradeTalks: don’t make it harder for the #health service

#Britain is pushing for #patent changes that could increase the cost of Indian #GenericDrugs, diverting more of the #NHS budget to #BigPharma
https://www.theguardian.com/commentisfree/2024/feb/07/the-guardian-view-on-india-uk-trade-talks-dont-make-it-harder-for-the-health-service
#ToryPoliciesInAction #ProfitBeforeHealth #PrivateProfitPublicCost

Ministers’ plan to push #English councils to sell assets to plug #BudgetHoles

Exclusive: Critics warn of a ‘#FireSale’ of #PublicAssets under plans being explored by levelling up department
https://www.theguardian.com/uk-news/2024/jan/30/ministers-plan-to-push-english-councils-to-sell-assets-to-plug-budget-holes-condemned
#ToryPoliciesInAction #PrivateProfitPublicCost

Ministers’ plan to push #English councils to sell assets to plug #BudgetHoles

Exclusive: Critics warn of a ‘#FireSale’ of #PublicAssets under plans being explored by levelling up department
https://www.theguardian.com/uk-news/2024/jan/30/ministers-plan-to-push-english-councils-to-sell-assets-to-plug-budget-holes-condemned
#ToryPoliciesInAction #PrivateProfitPublicCost

Ministers’ plan to push #English councils to sell assets to plug #BudgetHoles

Exclusive: Critics warn of a ‘#FireSale’ of #PublicAssets under plans being explored by levelling up department
https://www.theguardian.com/uk-news/2024/jan/30/ministers-plan-to-push-english-councils-to-sell-assets-to-plug-budget-holes-condemned
#ToryPoliciesInAction #PrivateProfitPublicCost

Ministers’ plan to push #English councils to sell assets to plug #BudgetHoles

Exclusive: Critics warn of a ‘#FireSale’ of #PublicAssets under plans being explored by levelling up department
https://www.theguardian.com/uk-news/2024/jan/30/ministers-plan-to-push-english-councils-to-sell-assets-to-plug-budget-holes-condemned
#ToryPoliciesInAction #PrivateProfitPublicCost

Ministers’ plan to push #English councils to sell assets to plug #BudgetHoles

Exclusive: Critics warn of a ‘#FireSale’ of #PublicAssets under plans being explored by levelling up department
https://www.theguardian.com/uk-news/2024/jan/30/ministers-plan-to-push-english-councils-to-sell-assets-to-plug-budget-holes-condemned
#ToryPoliciesInAction #PrivateProfitPublicCost

#RoyalMail fails to hit first-class delivery target in every #UK area

One-third of letters in some parts of the country don’t arrive the next day – despite the rise in stamp prices
https://www.theguardian.com/business/2023/dec/30/royal-mail-fails-to-hit-first-class-delivery-target-in-every-uk-area
#ToryPoliciesInAction #PrivateProfitPublicCost

'#WaterFirms use up to 28% of bill payments to service debt in areas of #England

As English #WaterCompanies plan to hike bills, the Guardian reveals customers are paying a high price for combined debts of £60bn

Interactive: How much of your water bill is swallowed up by company debt?'
https://www.theguardian.com/money/2023/dec/18/water-firms-use-up-to-28-percent-of-bill-payments-to-service-debt-in-areas-of-england
#ToryPoliciesInAction #PrivateProfitPublicCost

'#ThamesWater owner hit by second credit rating downgrade in six months

Moody’s move comes as it warns of ‘materially’ increased risks that regulators will block dividend flow

#Ofwat is considering whether to investigate Thames for a potential breach of its licence when it paid a £37.5m dividend in October, '
https://www.theguardian.com/business/2023/dec/15/thames-water-owner-hit-by-second-credit-rating-downgrade-in-six-months
#ToryPoliciesInAction #PrivateProfitPublicCost

#ThamesWater says it can't pay back £190m loan - BBC News - [Because it's paid out too much to shareholders...] https://www.bbc.co.uk/news/business-67696645.amp
#ToryPoliciesInAction #ProfitBeforePeople #PrivateProfitPublicCost

#Ofwat investigates whether #ThamesWater dividend is licensing breach

Exclusive: Debt-laden water supplier says it has paid £37.5m dividend from operating company
https://www.theguardian.com/business/2023/dec/05/ofwat-investigates-whether-thames-water-dividend-is-licensing-breach

#ToryPoliciesInAction #PrivateProfitPublicCost #ShareholdersBeforePublic

Up to 70 days of suspected #illegal dumps of #sewage in #Windermere in 2022, analysis finds - https://www.theguardian.com/environment/2023/nov/16/sewage-dumps-windermere-data-analysis
#ToryPoliciesInAction #PrivateProfitPublicCost #SewageScandal #ToryPollutionParty

'One in 10 biggest #English #councils risk #bankruptcy over #ChildProtection bill

Many #CountyCouncils and #UnitaryAuthorities are “running out of road” to avoid #insolvency as they grapple with high #inflation, increases in children being taken into care, and massive bills for [Privatised, highly profitable] #ChildrensHomes the #CountyCouncilsNetwork (#CCN) said.'
https://www.theguardian.com/society/2023/nov/01/england-councils-risk-bankruptcy-survey-child-protection-spending
#ToryPoliciesInAction #UnderfundingPublicServices #PrivateProfitPublicCost
#MoneyBeforePeople

'One in 10 biggest #English #councils risk #bankruptcy over #ChildProtection bill

Many #CountyCouncils and #UnitaryAuthorities are “running out of road” to avoid #insolvency as they grapple with high #inflation, increases in children being taken into care, and massive bills for [Privatised, highly profitable] #ChildrensHomes the #CountyCouncilsNetwork (#CCN) said.'
https://www.theguardian.com/society/2023/nov/01/england-councils-risk-bankruptcy-survey-child-protection-spending
#ToryPoliciesInAction #UnderfundingPublicServices #PrivateProfitPublicCost
#MoneyBeforePeople

'One in 10 biggest #English #councils risk #bankruptcy over #ChildProtection bill

Many #CountyCouncils and #UnitaryAuthorities are “running out of road” to avoid #insolvency as they grapple with high #inflation, increases in children being taken into care, and massive bills for [Privatised, highly profitable] #ChildrensHomes the #CountyCouncilsNetwork (#CCN) said.'
https://www.theguardian.com/society/2023/nov/01/england-councils-risk-bankruptcy-survey-child-protection-spending
#ToryPoliciesInAction #UnderfundingPublicServices #PrivateProfitPublicCost
#MoneyBeforePeople

'One in 10 biggest #English #councils risk #bankruptcy over #ChildProtection bill

Many #CountyCouncils and #UnitaryAuthorities are “running out of road” to avoid #insolvency as they grapple with high #inflation, increases in children being taken into care, and massive bills for [Privatised, highly profitable] #ChildrensHomes the #CountyCouncilsNetwork (#CCN) said.'
https://www.theguardian.com/society/2023/nov/01/england-councils-risk-bankruptcy-survey-child-protection-spending
#ToryPoliciesInAction #UnderfundingPublicServices #PrivateProfitPublicCost
#MoneyBeforePeople

#UK bill payers may have to cover £6bn cost of failed [Private] #EnergyFirms, warn MPs

#PublicAccountsCommittee issues ‘sobering reminder’ there are no guarantees money spent will be recovered after collapse of #Bulb
https://www.theguardian.com/money/2023/nov/01/uk-bill-payers-may-have-to-cover-6bn-cost-of-failed-energy-firms-warn-mps
#ToryPoliciesInAction #PrivateProfitPublicCost #PAC

#Council calls for compensation from #SouthernWater

#Hastings council leaders have said they could take legal action against Southern Water, if the company fails to provide a ‘satisfactory response’ to calls for financial compensation.
https://www.sussexexpress.co.uk/news/politics/council/council-calls-for-compensation-from-southern-water-4357798
#WaterCompanies #ToryPoliciesInAction #PrivateProfitPublicCost #England

#Lush paid managers £5m in #bonuses after taking £5m in #StateSupport
https://www.theguardian.com/business/2023/jul/30/lush-paid-managers-5m-in-bonuses-state-support-dispute #PrivateProfitPublicCost #ToryPoliciesInAction