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Water firms ask for bill rises of between 24% and 91%
(www.bbc.co.uk)
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this post was submitted on 21 May 2024
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Bail them out? Nah, make it publicly owned.
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
The shares would be almost worthless.
Nope, the company would be wound up.
Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches
I’d be happy if that happened.