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

submitted 2 months ago by Mex@feddit.uk to c/uk_infrastructure@feddit.uk

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[-] Buelldozer@lemmy.today 20 points 2 months 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...

[-] Streamwave@feddit.uk 3 points 2 months 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

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this post was submitted on 20 Aug 2024

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