Post #1284717
2026-04-01 16:19 UTC
@TCatInReality
And yet when Thames Water - valued at the time at £24 billion if memory serves - put itself up for sale, it couldn't get £3 billion.
With £20 billion in debt, let it go bust. Let the venture capitalists and profiteers swallow the losses and then nationalise it for nowt.
@gareth
Replies (2)
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@TCatInReality@mastodon.social 2026-04-02 12:55
@blingoali @gareth I would pay 50p on the Pound to UK pensions, but otherwise let the creditors lose it all. The problem is that these contracts were written in ways that obligate the gov to cover much of the debt. That was madness.
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@Photo55@mastodon.social 2026-04-02 12:59
@blingoali @TCatInReality @gareth There'll be a lot of people in it who make stuff work. A shadow org ready for them to be paid by would be good.