Has to be bankrupted and nationalised now.
Yet they plan a massive shareholder payout https://www.telegraph.co.uk/business/2024/04/23/thames-water-plots-2bn-shareholders-despite-collapse-threat/
And paid over £7bn in dividends in the past https://www.theguardian.com/business/2023/jun/30/in-charts-how-privatisation-drained-thames-waters-coffers
“Saving” all that money… then forking out 9.5 million on yearly executive bonuses…
While that’s obviously gross, I’m not sure some budget public service pleb who wouldn’t last 5 mins in a real business wouldn’t simply make things worse
Quick calculation: that’s ~£98.3k per person in the Thames Valley area.
Thames Valley area
Just FYI: Thames water covers a larger population than that. Much of London is not technically in the Thames valley.
You’re absolutely right. Thames water claim 16 million customers, so that brings it down to a much more manageable £14,375 per customer, based on us getting shafted equally.
Huge saving. LOL, a bit like saying don’t worry your only going to die of a bullet, we save the rockets for the big boys.
