They should add Severn Trent to that list, and then renationalise the lot.
this post was submitted on 06 Aug 2024
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Renationalise and sue the old owners and management for as much as we can claw back. It's been a complete con.
Squeeze 'em til the pips squeak.
Northumbrian Water made a total profit of £206 million in the financial year ending 31st March 2024.
They paid out £61 million in dividends.
Their fine for polluting Northumberland's rivers and beaches — probably the most beautiful coastline in all of Britain, and officially recognised as an Area of Outstanding Natural Beauty (AONB) — was just £17 million.
And the fine doesn't even appear to my eyes to be for that financial year alone, it appears to be for all the years of spillage (correct me if I've misunderstood!).
I'm not sure if they've received any previous fines for this, but if not, that works out as a £1.9 million fine for each year since we started measuring all outflows.
Ofwat are a fucking joke. Just like Ofgem, they care more about keeping the private foreign ownership happy than they do about actually regulating.
If I ran a garage and was dumping brake fluid, oils, and other detritus into streets, drains, rivers, etc I rightly wouldn't receive little slaps on the wrist. I'd be in prison.
When they tell you a number is so you go "HOW MUCH? WOW" when they should be telling you the number as a percentage of profits.
0.5% of yearly profits doesn't sound as big does it? I mean I've made that number up, but the point stands.
It says in the article the proposed fine for Thames is 9%, but doesn't mention Northumbria or Yorkshire.
...can you tell I didn't read it? Thanks for that. 9% is fuck all really innit?
Aye still a joke, especially when they're wanting to charge us more, government should force the bosses to give back their bonuses but that's never gonna happen.
This is per day, right? Right?
That just half year profit for Yorkshire water alone.
Is that it?