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Steph Foxwell
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Comments by "Steph Foxwell" (@stephfoxwell4620) on "GB News' Liam Halligan explains why Thames Water have amassed a £14 BILLION debt pile" video.
That is how business operate now. Get the company assets value. Borrow double the value in an era of cheap debt. Get a tax advantage from the interest payments. Dont pay the staff. Don't invest in infrastructure. Declare whopping dividends and bonuses out of the vast borrowings. Water companies owe £65 billion. This debt cannot be paid back other than by us as consumers or taxpayers. Remember the Tories designed and encouraged asset stripping and greedy profiteering
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So much better to be fleeced by your own fellow countrymen eh?
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The French are not rioting. Muslim residents of France are rioting.
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Up from 8 million to 10 million since 1996. Plus hundreds of thousands more tourists and students.
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If the debts of all privatised utilities, railways, councils, academy trusts, NHS trusts were pulled nack i to the National debt we'd be technically bankrupt. Adding another £1.2 trillion to the £2.7 trillion we already have. Oh ,and the £225 billion of student debt, £835 billion of QE, £110 billion of PFI......
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They don't. Sociopaths have no empathy.
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They have paid £59 billion in dividends and £4 billion in staff bonuses. Leaving just £2 billion for infrastructure.
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The whole neoliberal mantra was the need to balance the books. That was their excuse for destroying the Coal mines, shipbuilding, ports, railways,steel, etc
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£1.6 billion is peanuts. £57 per household.
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In 1992 we had 29,000 people per reservoir. Today we have 36,000. Demand is up 23%.
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