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

submitted 1 month ago by Mex@feddit.uk to c/uk_infrastructure@feddit.uk

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[-] Buelldozer@lemmy.today 21 points 1 month ago

"In June, the Guardian revealed that Thames’ board approved a £150m dividend ..."

So they approved a 150m dividend while knowing they had a 156m shortfall in their pension system. What the...

[-] frazorth@feddit.uk 5 points 1 month ago

That was after the £37m dividend they paid their owners.

[-] slazer2au@lemmy.world 4 points 1 month ago

Welcome to capitalism. Where the only people to win are the shareholders.

[-] Streamwave@feddit.uk 3 points 1 month ago

IIRC, since privatisation the total amount of water company debt is roughly equivalent to the total amount paid out in shareholder dividends in the same timeframe

this post was submitted on 20 Aug 2024

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