"...research from the University of Greenwich... average of 35% of customer bills in 2023-2024 was ... to pay for the interest on the companies’ ever-growing debt piles, and to pay dividends to the shareholders.
You are paying a privatisation tax for the dividends and debt of these companies. Over one-third of customer bills for water in England and Wales pass straight through the companies without being used for water and sewerage services.
Publicly owned Scottish Water doesn’t have to pay dividends to private shareholders, and lost just 8% of revenue in interest payments in 2023-24: less than a quarter of the cost in England and Wales.
https://weownit.org.uk/news/governments-worst-case-scenario-for-nationalising-water-still-leaves-households-better-off/
#UKpolitics #prvatisation #nationalisation #inequality
&2i
npub16q…524dc
2025-04-08 08:36:26 UTC
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wss://relay.momostr.pinkPublished at
2025-04-08 08:36:26 UTCEvent JSON
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"content": "\"...research from the University of Greenwich... average of 35% of customer bills in 2023-2024 was ... to pay for the interest on the companies’ ever-growing debt piles, and to pay dividends to the shareholders.\nYou are paying a privatisation tax for the dividends and debt of these companies. Over one-third of customer bills for water in England and Wales pass straight through the companies without being used for water and sewerage services.\nPublicly owned Scottish Water doesn’t have to pay dividends to private shareholders, and lost just 8% of revenue in interest payments in 2023-24: less than a quarter of the cost in England and Wales.\nhttps://weownit.org.uk/news/governments-worst-case-scenario-for-nationalising-water-still-leaves-households-better-off/\n#UKpolitics #prvatisation #nationalisation #inequality",
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