www.theguardian.com
In another article I've read they say apparently the plan is to sell off some assets and then lease them back... hmmm
FFS
Thames Water is already private.
Attention-seeking turd.
Another question would be why do you have Question Time on? The signal to noise ratio on that programme is so dismal that it's better on this forum!
Capitalism is the best economic system, apart from all the others that have been tried.
It's been a regular target for abuse the last few years, just another day in the life of a culture warrior.
Are they still going on about that? I heard it mentioned a week or two ago, that last year it was a topic, partly because the news rags chose to share photos of when it first arrived and understandably looked a bit worse for wear due to the journey , and partly because the Norwegian Spruce is no longer the preferred style of tree in the UK, so it doesn't match a lot of peoples' mental image of the ideal tree any more.
Flipping heck, they don't half play a long game don't they....
If only it was that straightforward
Jesus, the conniving bastards, you couldn't make it up.
I worked at a number of water industry clients in the late 90s and early 00s. Creative accounting to inflate the value of the asset base was SOP because the regulator allowed bills to be set based on an agreed return on capital employed. The more valuable the asset base appeared, the more money you could make.One of England's top-rated water companies is using an accounting trick to artificially inflate its balance sheet by more than a billion pounds, BBC Panorama has discovered.
Severn Trent Water claims that an investment is worth £1.68bn in its accounts, when in reality it has no value to the overall business.
The made-up money makes the company appear more financially robust and helps to support its bumper payouts to shareholders.
Severn Trent denies the accounts are misleading and says Panorama's allegations are "completely inaccurate".
Major water company uses accounting trick to inflate balance sheet by £1.68bn
A substantial Severn Trent Water investment is based on IOU notes - BBC Panorama finds.www.bbc.co.uk
Wow. Looks like a circular IOU, which I seem to recall was an illegal accounting practice. Certainly they are artificially inflating the value of the company massively to deceive the shareholders, and paying out unsustainable dividends. Time for the receivers to be sent in?One of England's top-rated water companies is using an accounting trick to artificially inflate its balance sheet by more than a billion pounds, BBC Panorama has discovered.
Severn Trent Water claims that an investment is worth £1.68bn in its accounts, when in reality it has no value to the overall business.
The made-up money makes the company appear more financially robust and helps to support its bumper payouts to shareholders.
Severn Trent denies the accounts are misleading and says Panorama's allegations are "completely inaccurate".
Major water company uses accounting trick to inflate balance sheet by £1.68bn
A substantial Severn Trent Water investment is based on IOU notes - BBC Panorama finds.www.bbc.co.uk
www.theguardian.com
Those sunlit uplands will become apparent in 40 or so years if Rees-Mogg is right.The latest cost of Brexit is about to hit – and voters are watching. Will Labour act? | Polly Toynbee
New EU trade regulations will cause further pain for the UK. Starmer’s talk of breaking down barriers must be more than warm words, says Guardian columnist Polly Toynbee
You're talking about Andrew Neill and the wife beater Reform MP here. Their combined knowledge could be written on the head of a sewing needle in 72 point bold and you'd still have plenty of space left over.
That's capitalism for you.One of England's top-rated water companies is using an accounting trick to artificially inflate its balance sheet by more than a billion pounds, BBC Panorama has discovered.
Severn Trent Water claims that an investment is worth £1.68bn in its accounts, when in reality it has no value to the overall business.
The made-up money makes the company appear more financially robust and helps to support its bumper payouts to shareholders.
Severn Trent denies the accounts are misleading and says Panorama's allegations are "completely inaccurate".
Major water company uses accounting trick to inflate balance sheet by £1.68bn
A substantial Severn Trent Water investment is based on IOU notes - BBC Panorama finds.www.bbc.co.uk
No, that's just dishonesty.
Does that go for burning the Sun offices to the ground and pissing on the ashes?
Consumer choice has no place in capitalism. The only rule of capitalism is that the owners of capital should have free rein over whatever is done with their capital.
