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| Kinky_Vidushaka |
on Fri 3 Jul 09, 10:13 PM to Kinky_Vidushaka's blog.
Obviously not this one.
After posting profits of £635 Million they go cap in hand to the government asking them to allow them to lump us with paying for new kit for them.
Get real Thames Water!!
If I run a shop and I want a new till I do not put 5p onto everything in the shop to make the 'customers' pay for it. They already have paid for it, it's called my profits.
Thames Water should be made to spend some of their profits on making their system better, not making us pay for it again, while paying their shareholders loads of premiums.
The reason that the water system is so messed up is years of not using the profits to upgrade their system.
Rant over, normal service will be resumed after some nice chocolate and coke. 
| 3 Jul 09, 10:39 PM flake_1 UK, 3 yrs |
the reason they are doing this is not a fault of private enterprise but yet another failure of government and the civil service. The deal is that they are allowed to make a percentage return on capital employed, which is why they're so keen on building new reservoirs and engineering shortages to prove the necessity. Repairs and upgrades to the supply system do not make it worth any more and therefore they cannot make any profit at all from the capital outlay. If running your shop you need to put in improvements for disabled access, then you can claim grants, as you can sometimes for security and other items sometimes deemed necessary. Don't blame them, they're just following the rules some stupid politicians laid down for them. | |
| 3 Jul 09, 11:25 PM Susan_Williams UK(CH), 2 yrs |
Yes, just like the rules that allowed National Express to back out of the East Coast Rail Franchise when things got tough with a penalty of only 72 million which is peanuts in relation to the profits they made when the going was good. Susan Williams | |
| 3 Jul 09, 11:48 PM flake_1 UK, 3 yrs |
I thought that the government had to take the East coast line back into public ownership and National express also lost all their other franchises which were making money as a result. | |
| 4 Jul 09, 1:35 AM Susan_Williams UK(CH), 2 yrs |
The government had no choice otherwise there would be no trains running on the East Coast Line. It is not yet certain if the other franchises will be taken over as the East cost Line was run by a subsiduary of National Express. National Express have said they will fight any attempt in the courts to have the other franchises removed. Susan Williams |
