Rod Liddle said in The Sun. We live in one of Europe's wettest countries, he said, but much of southern England is facing a 'water rationing', with drought officially declared last week and a ban on hosepipes. is widely enforced. "Yes, it's been dry these days. But there should still be enough water to deal with."
The real problem is that water companies are leaking three billion liters of water every day. is to be If they can't do well, we should renationalize them.
Surely it should,The Guardian said. Since privatization in 1989, shareholders have been paid his £72bn dividend and executives have been generously rewarded. Meanwhile, consumers are experiencing his 40% price increase. However, the necessary investment in repairing leaks and building reservoirs has not been made.
Additionally, many companies have horrendous records of pollution. Despite being found in 2021 that her company had been illegally discharging her untreated sewage for more than 700 days in her two years, this summer, Thames boss Sarah Bentley said: Receives her £700,000 as part of the £3 million 'Golden Halo' salary package. ``British private utility models are broken.''
With estimated claims he has £90 billion, nationalization is not cheap, says John Rentoul, The Independent. But don't look far for potential benefits. In Scotland, the water supply is still under public control and Scottish Water is rated as the best water company in the UK for customer service. Of course, we're not wasting cash on board dues either. The boss receives about £270,000 a year, compared to the average CEO of a privatized UK company, whose £1.2m.
State-owned utilities 'notorious for being inefficient'
For those who remember state-owned utilities 'notorious for being inefficient', nationalization is difficult The Timesreported. Customer service was terrible. These companies had no incentive to control costs. It is estimated that 40% of his work in it is unnecessary.
Moreover, many of the indictments leveled against privatized industries show sheer ignorance of how the system works, CapX said. Robert Colvile ofsaid. Consider the case of leakage. The water company can hardly be blamed for losing his 20% of water if it is at levels agreed with regulators. Ofwat calls it "the level of sustainable economic leakage."
So if you want to reduce leaks, don't shout at companies, but "shout out to regulators." not rising. Certainly, privatization was not a "panacea", but these "kneeling calls to nationalization" barely understand the facts.
