In July last year Jeremy Corbyn asked "Where is the case for not taking water into public ownership?". He was right. There isn't one.
Jeremy Corbyn's question from July last year remains valid: "Where is the case for not taking water into public ownership?" 💦 He hit the nail on the head. There's simply no compelling argument against public ownership of water. It's time for a solution that prioritizes the public's interest.
@SaulStaniforth The last good Labour politician.
@SaulStaniforth A billion pounds to buy out shareholders says it’s a really bad idea.
@SaulStaniforth Timing is all. Corbyn jumped the gun. Let them go broke. Then renationalise at zero cost to the exchequer.
@SaulStaniforth @holmes_clair Why do we have to pay the shareholders anything? Just take it back!
@SaulStaniforth It would cost billions we don't have without doing anything to improve the service to customers.
@SaulStaniforth @DrGrumble some how the gov/country need to claw back the money removed from the power/water companies in dividends and profit - that have mainly gone abroad and was not invested back into company, increasing bill to correct the neglect is not acceptable @Feargal_Sharkey
@SaulStaniforth @graceblakeley No profit should be made from public utilities but the water industry is particularly scandalous because there is zero competition and regulator fines just get passed on in higher prices for the consumer. The bosses are still getting millions in bonuses. It is absolutely obscene.