Reposted by Roger Bridgman
Large part of UK’s water network was installed 130 to 150 years ago.
Thames Water infrastructure has average age of 79 years; industry average 56 yrs.
40% of TW assets are over 100 years old. Its IT systems date back to the 1980s.
Since privatisation, water companies paid £88.4bn in dividends.
leftfootforward.org
The case for nationalisation of water companies
England’s privatised water companies are leaders of predatory practices. In 1989, the industry was privatised for £7.6bn and had no debts. It joined Chile and a few US states&...
