Southern Water wants to increase its bills by £436 a year, but is not expected to get approval.
    • thr0w4w4y2@sh.itjust.worksEnglish
      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

      • 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.

      • 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