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#nationalisation

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🕸glané sur le net🕸 « Journal d'action »n°1 – pour une industrie des transports tournée vers l'avenir: Quel est l'avenir de l'industrie automobile ? Des suppressions d'emplois, des fermetures d'usines ou une réorientation vers la production d'armements ? Ou une réorientation vers la production de moyens de transport individuels ou publics ? Avec ce « journal d'action pour une industrie des… europe-solidaire.org/spip.php? #IndustrieAutomobile #TransportsDurables #Emplois #Volkswagen #Nationalisation

Hello fediverse do your thing. The uk government has opened a consultation on the formation of Great British Railways (yes, that big renationalisation of the privatised services). This will replace what is currently in the Grant Shapps plan for rail. Link here, deadline 15 April gov.uk/government/consultation

GOV.UKA railway fit for Britain's futureSeeking views on proposals to reform Great Britain’s railways.

Revolut°Permanente🚩 « Plus rien n'entre ou ne sort » : la grève contre les licenciements se durcit à Arkema Jarrie: La totalité de l'usine Arkema de Jarrie est à l'arrêt depuis lundi matin. La partie Sud de l'usine, déjà en grève depuis le 5 décembre, a été rejointe par le reste des travailleurs afin d'imposer la nationalisation et la sauvegarde des 150 emplois menacés.Notre Classe / Licenciement(s) /… revolutionpermanente.fr/Plus-r 🚩RP #Grève #Licenciement #Arkema #EmploisMenacés #Nationalisation

"...paranoia about the value of bonds in issue because we have all been told that this represents the national debt that is a burden on our grandchildren.
How is having clean water a burden on our grandchildren?
How would also having guaranteed safe electricity supplies into the future, and by safe I mean climate-sustainable electricity supplies into the future, be a threat to our grandchildren?"
taxresearch.org.uk/Blog/2024/1
#UKpolitics #nationalisation

Funding the FutureTrump is Making America Poor AgainApart from the creation of chaos from which he hopes his oligarch friends might prosper, and the chance that he might avoid prison, it is very hard to work out what Donald Trump wanted from his second term in office as President of the USA. It would take too long to...

££s siphoned off to private interests that morally belongs to the people
The National Grid "builds and runs power grids and cables across Britain, reported an underlying operating profit of £2.05 billion for the six months until September 30, surpassing £1.8bn in the same period last year."
Sharon Graham (Unite union) said, “Energy profiteers like National Grid are extracting cash for overseas shareholders through ever more expensive bills."
morningstaronline.co.uk/articl
#nationalisation #ukpolitics

Filling in a bit of polling by 38Degrees, on water companies in UK, I found myself writing:
"Our water and sewage system has been, in effect, robbed of past investment. The money that should have funded infrastructure and better service has, instead, ended up in vulture capital and overpayment of executives and dividends. The companies need to have their rules explicitly tightened to include proper investment and targets for clean water, sewage treatment and the future-proofing of infrastructure (including for climate change). There should be stringent punishments for non-delivery and there should be a realistic restorative element (ie the failure to properly invest in the past should be made up for). If companies cannot do this, then their fall in value will enable them to be taken into public ownership and the remedying can be more directly directed by the nation."
#ukPolitics #WaterCompanies #inequality #nationalisation

A water sector person on the radio was talking about the money needed in the UK to improve infrastructure and how it needs to be pumped in from somewhere. They didn't have it.

It's been said that if they were re-nationalised the debts would need to be paid off.

Why?

Can't the debts stay with the people who created them?
They were privatised with no debts so the debts were created by the PLCs. Leave the debts with the PLCs and nationalise seems natural and fair.

“Labour uses fake figure cooked up by industry to oppose water nationalisation”

by James Wright in The Canary @thecanary @UKLabour

“The Labour Party has used a sham figure of £90bn to claim that water nationalisation would be too expensive. The water industry paid for the ‘analysis’ that Labour cited [..]”

thecanary.co/uk/analysis/2024/

Canary · Labour uses fake figure cooked up by industry to oppose water nationalisationInstead of water nationalisation, Labour has taken a sham figure of £90bn from the water industry to say it's too expensive

How much might it cost to nationalise the water companies?

You'll be unsurprised to know there are some quite wide differences of opinion, so what then becomes interesting is who is using what analysis?

And, here the lines in interest are clearer; Labour in refuting the case for nationalisation mobilised the industry's own analysis rather then the widely circulated (and chapter) case developed independently - I wonder why?

#water #nationalisation

theguardian.com/business/2024/

The Guardian · Labour used water industry analysis to argue against nationalisationBy Helena Horton

With the news #ThamesWater is asking for more money to continue failing on #pollution & complaints KPIs, #ProjectTimber #nationalisation plan, originally drawn by Whitehall is fast becoming the only viable exit. Will #Starmer have the guts to follow it through?

"Forcing lenders to bear financial pain would be highly controversial, given Thames’ creditors include some of the world’s biggest asset managers, include the funds giants USS and Omers".

theguardian.com/business/2024/

The Guardian · Thames Water nationalisation plan could move bulk of £15bn debt to stateBy Anna Isaac

@DJDarren
ES article reminding us the #KeirStarmer government has a #nationalisation plan.... it doesn't want to implement

standard.co.uk/business/busine

"A blueprint codenamed Project Timber drawn up in Whitehall in the spring, could see the company effectively nationalised, placed in a form of special administration in the scenario its parent company fails. Business Secretary J. Reynolds signalled during a pre-election debate that he “wouldn’t want to see a nationalisation” of #ThamesWater."

Evening Standard · Thames Water confirms £158m dividend in March amid scramble for fresh fundingBy Alex Daniel