Southern Water wants to increase its bills by £436 a year, but is not expected to get approval.
  • thr0w4w4y2English
    1·
    6 months ago

    yes that would be awesome, but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout, plus “service all the debt the company is in” which is another bailout, before you’ve even got started with fixing the horrible lack of investment over many years

    • ephemeral_gibbon@aussie.zoneEnglish
      2·
      6 months ago

      Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches

    • IchNichtenLichten@lemmy.worldEnglish
      2·
      6 months ago

      but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout

      The shares would be almost worthless.

      plus “service all the debt the company is in” which is another bailout

      Nope, the company would be wound up.