Close Menu
    Three water companies facing combined record fine after investigation into sewage failings
    United Kingdom

    Three water companies facing combined record fine after investigation into sewage failings


    Three water companies facing combined record fine after investigation into sewage failings

    https://news.sky.com/story/three-water-companies-handed-combined-record-fine-after-investigation-into-sewage-failings-13191697

    Posted by sjw_7

    Share.
    View 11 Comments

    11 Comments

    1. CE123400 on

      What exactly is the point in fining a monopoly utility provider? They don’t lose business and they don’t lose revenues, it just becomes a cost to be recouped at next year’s increase on their captive market. If anything it means it might hit their operating budgets, which means more issues.

      The only way fines make sense in this context is if they are in the form of asset seizures. Ie. Taking capital assets and giving them to another utility to operate (hopefully better). That directly hits the water companies’ revenues.

    2. shredditorburnit on

      The only thing that will make them behave is if we start sending the people at the top to jail.

    3. TheShakyHandsMan on

      Nationalise the lot. 

      If I could vote with my wallet and choose a different supplier I would but I’m left with no choice but to contribute to the profits of one of these badly run and corrupt companies. 

    5. luvinlifetoo on

      Thatcher sold them off cheap. Virtually no country doesn’t own its water companies. These companies have benefited from profits personally without reinvesting in infrastructure.

    6. jtthom on

      There should be a law whereby the King can order industries of critical national importance to be nationalised without compensation to shareholders.

      The Tories have looted this country on behalf of the rich.

    7. tony23delta on

      Gutted for them.

      I hope they still find a way to increase our bills.

      Be an absolute shame if they don’t award themselves some cheeky bonuses too.

    8. kahnindustries on

      It’s not enough, it will barely dent their profits, their dividends to shareholders will be the same

    9. jmc291 on

      Yeah because a fine is going to scare them. They will just put that fine back on the customer with increased pricing.

      Jail the executives for corruption. Do it to a few, the rest will buck up very quickly

    10. Common-Ad6470 on

      Let’s hope they also aren’t allowed to add these fines to customer bills, but take from bonuses and dividends.

    11. yubnubster on

      Start fining shareholders with assets of a certain value, ie the huge investment companies that load the water companies with debt.