UK Infrastructure

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Mex@feddit.uk

Thames Water barred from billing customers for pension shortfall (www.theguardian.com)

submitted 3 weeks ago by Mex@feddit.uk to c/uk_infrastructure@feddit.uk

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[–] frazorth@feddit.uk 30 points 3 weeks ago (2 children)

The water company, which has said it could run out of cash by next June, had asked the regulator for permission to charge customers £156.6m through bills to plug the pension shortfall.

I think the phrase is "fuck you".

[–] Mex@feddit.uk 15 points 3 weeks ago (1 children)

Fuck you very much :)

[–] frazorth@feddit.uk 19 points 3 weeks ago* (last edited 3 weeks ago)

Its almost like handing out control of something as critical and a natural monopoly as water supplies to the Saudi's is a bad idea.

FYI they also paid their Saudi overlords £37 million earlier this year.

The Aussie owners before them milked it and generated most of this debt.