Water companies

[cruiser2]

heard a very interesting programme on the radio this afternoon about the financial structure of the water companies. It mainly focused on Thames Water and Southern Water. Can't remember all the details but Thames Water has a subsiduary company which collects the water rates from customers and uses it to pay dividends on bonds from foreign investors. Very little is kept for maintenance and new works. It was frightening to hear how much debt these companies have and customers have no choice who supplies them with water.
Fortunately our supplier, United Utilities, is still privately owned and does not have this problem.

[Workingman]

What?

You mean that you didn't know these scams, sorry, schemes, were part of the tax avoidance industry overseen by the government and HMRC?

Companies are allowed to do this with the government's blessing in exchange for a directorship here and there or, maybe, a consultancy position.

[Aggers]

What?

You mean that you didn't know these scams, sorry, schemes, were part of the tax avoidance industry overseen by the government and HMRC?

Companies are allowed to do this with the government's blessing in exchange for a directorship here and there or, maybe, a consultancy position.

What this means is that our society is becoming corrupt from top to bottom.

Who the hell can you trust ?

I find this most depressing.

[KateLMead]

Nothing new Aggers, the country has always been corrupted by those in power, we are probably one of the most corrupt on a score of one to ten..
it just happens to be well hidden

[Aggers]

Oh ye of little faith.

[KateLMead]

Oh ye of little faith.

That's me Aggers! I am with OVO, excellent company, my heating has been cut by half.
named one of the top companies by Which.

[KateLMead]

My water company is Welsh water not too impressed with them. Leaks galore in our area.

[Kaz]

Leeks too Kate?

[KateLMead]

Leeks too Kate?

have an appointment a 20 minute session to see whether my memory loss is due to brain fag, stress old age or dementia!!... I need it,

[Kaz]

You're sharp as a tack xxxx