Comments by "D. von N." (@D.von.N) on "Cow faeces 'leaked into damaged water pipes' in Devon" video.
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Some 40 years ago Margaret Thatcher gave our water supplies to private companies as a clean asset. No debt attached to it, the one of about 5bn was taken care of by the taxpayer. The water companies were supposed to modernise the water supply, keep the prices low and improve water quality.
What happened instead: we have a regional monopolisation of water supply (did Margaret approve it?), we have bills going up, pipes barely maintained so we get some water (mine often loses pressure), the quality is questionable and there is around £14bn debt accrued over those decades, while they paid themselves £72bn of profit or dividends as shareholders worldwide. They milked us like cows. And now, to finally fix the pipe network, which they neglected, by 2035, it is the taxpayer that is asked to foot the extra bill, and/or increasing the bills by 50%.
Are we going to let it happen?
What does Rishi Sunak say?
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