'Water poverty' loans to utilities set to hit €4bn

Golly - that's terrible, awful - they should priviti.... oh, wait.

So back in the Eighties a certain Mrs Thatcher had the great idea of selling off the publically owned water companies. Part of it was sold under the impression that once they were private companies they would be free to be able to raise their own funding and this would in turn benefit the customer - who'd see lower bills as a result. What it meant in reality was the stocks were sold too cheaply to the public, who then in turn sold them on to other companies for a quick profit. Now nearly all of the UK - bar one I think are owned by European companies, and everyone saw their water bills sky rocket through the roof... and that's were the 1999 legislation came in. Simply because more and more poor people found they couldn't pay these ever increasing water bills, but to have cut them off would have been a massive public health disaster.

Now it's all becoming even more of a mess... mmmmm. Why am I not surprised?

Dunno about you but I tend to think a basic commodity like water for domestic use shouldn't ever be run for profit - and the Government ought to be ensuring everyone gets it as cheaply as possible, so long as people aren't being wasteful with it.


'Water poverty' loans to utilities set to hit €4bn