Thames Water: Britain's biggest utility just got captured by toxic private credit markets
No rescue. No reform. Just control - seized through debt. That's the state of Thames Water, as Waterways Protection writes
Thames Water is now controlled by two US credit powerhouses: Silver Point Capital and Elliott Management.
Their game - asset stripping, profiteering, slick PR, devour; to get high returns.
Govt can put an end by bringing water into public ownership, but refuses. People's misery to deepen.
14.06.2025 06:51
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Public ownership ‘not the answer’ says Reed after Thames Water deal collapse
At the despatch box, Conservative shadow environment secretary Victoria Atkins accused ministers of having “talked themselves out of” a rescue plan.
Public ownership ‘not the answer’ says Minister as Thames Water teeters.
Wrong.
After 36 yrs of market solutions. Result - sewage in rivers, unplugged leaks, customers fleeced, high dividends.
Govt dithered. TW added another £3bn debt, spends £200m a year on advisers.
Need public ownership now.
03.06.2025 17:56
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UK food shops report ‘massive’ rise in pensioner shoplifting
Kingdom Services boss says retailers seeing ‘different sort of shoplifter’ with more theft by people ‘who just can’t afford food’
UK food shops report ‘massive’ rise in pensioner shoplifting.
Poverty forces people to do desperate acts
Full state pension less than 50% of min wage, loss of winter fuel payment, unchecked profiteering.
Govts perpetuate poverty with low wages, benefit cuts.
Align state pension with living wage
12.05.2025 06:15
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Great to see Scotland’s new suicide prevention campaign at Partick train station
What if…a conversation about suicide could save a life?
If you are concerned about someone, please ask them how they are doing.
It could save their life! @SuicidePrevScot
28.04.2025 18:17
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NANCY BY ERNIE BUSHMILLER
SLUGGO - - - AM I
SEEING THINGS?
NO
IT'S THE LATEST IN PLASTIC HAMMOCKS
Nancy By Ernie Bushmiller
April 27,1953
27.04.2025 19:55
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Daily Express front page today.
ANGER OVER THE CREEPING BETRAYAL OF BREXIT FREEDOMS.
“The Chancellor sparked anger when she revealed that govt wants to enable young people from Europe and UK to work and travel overseas”
FFS.
What ‘Brexit freedom’ exactly is being betrayed here?
The freedom to NOT be free to work and travel overseas?
One of the stupidest front pages I’ve ever seen.
28.04.2025 06:23
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Just watched @labourlewis.bsky.social's powerful speech on his Water Bill, raising the fundamental question that’s been ignored for too long: who should own our water?
It’s time to bring water back into public hands.
Watch the debate here:https://www.youtube.com/watch?v=5gIOTHnvxEI
28.03.2025 12:56
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Absolutely right. The economic and moral case for this is basically unanswerable. Political case is considered impossible although a brave government would do it.
28.03.2025 08:06
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Visited 3, still to visit Belfast.
07.03.2025 09:14
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@profjacob.bsky.social @explaintrade.com @cnbc.com @aoc.bsky.social
Trump has a short memory. Maybe it's an age thing ?
28.02.2025 18:28
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Aw Dave! Magic!
28.02.2025 09:21
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Elon, Call Your Dealer
3 Fresh Reads + Actions Today to Fight the Tech Coup
If you're feeling hopeless or scared or frustrated or confused, please consider signing up to @the-citizens.bsky.social newsletter. We're not powerless & there are things that we can do.
dispatch.the-citizens.com/elon-call-yo...
20.02.2025 09:46
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Government is busy: but the media are not telling you
Despite what the press tells us, the government is very busy, often doing popular things. But you wouldn’t know it from the press coverage
"It is well-known that most of the mainstream media do not approach a Labour Government in a neutral way.
Some blatantly misrepresent what is happening, but more often they simply do not report activity, leaving people with a sense that the government is doing nothing."
17.02.2025 08:24
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Thames Water investigated over delayed river clean-up schemes
Regulator Ofwat’s enforcement case into whether company breached obligations follows Guardian investigation
Thames Water, which serves parts of Essex and Herts, “intentionally diverted millions of pounds pledged for environmental clean-ups towards other costs, including bonuses and dividends.”
How long will this be allowed?
12.02.2025 10:40
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Keep spreading the word, folks!
BlueSky can be another tool to beat the bad guys… and we need to use everything we possibly can. ✊👊
29.01.2025 18:15
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European Movement
We're the UK's largest pro-European movement. Our goal is to reverse the calamity of Brexit and restore relations with our European neighbours.
Bluesky really is a phenomenal platform for community building. 🦋
Thanks to recent surges driven from Bluesky, European Movement membership has shot up to now just 250 members short of…
💥25,000 members💥
Please help us get over that milestone. 🙏🏻
YES to EU membership. NO to Trump.
22.01.2025 21:04
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There was no plan ….
20.01.2025 10:00
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This needs amplifying.
07.01.2025 08:00
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The government knew all that but decided to proceed with Brexit anyway. Had it been an election, rather than a referendum, the result could have been legally overturned, as the referendum should have been.
That's why I took Theresa May to court (yes, I'm that "Wilson").
@bremaininspain.com
02.01.2025 07:26
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❤️🧑🎄
24.12.2024 08:34
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You can't trust the modern right to manage money.
My latest article for @yorksbylines.bsky.social
24.12.2024 07:47
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