TeaHe calls to call Independent The readers, who have heavy agreements on the water regulator, have failed to justify companies after decades of pollution, collapse infrastructure and rising bills.
A historic review led by Sir John Kanalif, Deputy Governor of former Bank of England concluded that Towat should be destroyed And was replaced with a powerful single regulator covering the entire water system.
The current setup, the Independent Water Commission said, “is” fragmented and overlapping “and allowed private companies to withdraw billions in shareholders payments, while the sewage spread and the investment lagged behind.
When we asked for Your thoughts86 percent of the readers said that Tat should be completely abolished, with only 14 percent favorable improvement on replacement.
Many also supported comprehensive changes, including new regional officials, strong environmental inspections and difficult rules on the company’s ownership and debt.
But the strongest opinion focuses on ownership: whether water, a significant natural resource, should have been privatized at the first place anytime.
Some readers argued that the disadvantage is now very deep, which is legally frightening and prohibited with nationalization. Others stressed that public control is the only way to fix a system that has lost public belief.
What did you say here:
Reward only acceptable performance
I do not care how it is structured, as long as they are rewarded for providing acceptable levels of purity, availability, leakage and pollution.
Gym kit
The horse has bolted
Here many people mistakenly think that nationalization is the answer. This is not. The nationalization of privateized water companies will force the government (and therefore taxpayers) to buy back at the market price or to face a legal battle with domestic and foreign investors under international trade agreements.
These companies take large -scale loans, which make taxpayers cumbersome with billions in liabilities. In addition, compensation claims and litigation from investors will increase the cost, which will make nationalization an expensive and legally risky process, with no guarantee of better service.
Privatization was installed in a craftsmanship to be more or less irreversible. The horse has bolt, I am afraid.
Mussil
Foreign ownership makes it worse
“National strategic assets should never be in the hands of private companies” – I agree, and it is worse if those companies are based outside the UK. They will be even more indifferent to any kind of service. Important infrastructure should be publicly owned: rail, buses, trams, electricity, gas, water. I don’t think we are still with broadband.
But nationalization needs to be done very carefully. I do not think anyone can claim that the old BR and BT were paraganic of efficiency. And local councils have their own share to play by schedules to dig the road carefully during utilities-there are many pipework that is left to rot while dividends are paid.
Outward value
Mismanagement should mean again
To pass a law that if public utilities or services are misbehaved, they go back into public ownership. Easy.
Bigdogsmallbrain
Nobody should have water
No one should own water. Water should only be managed in the name of people, and any benefit should be completely coincidental.
Zero requires financially motivated ownership of water, with the same lines, why no one owns air, oxygen or sunlight.
Itrelyisnot
The collapse is a real crisis
Elephant in the room carry sewage and rain water with joint sewers along with increasing population/rising housing requirements. More people/houses mean more sewage/rainwater run-off, and when it rains, Any Treatment tasks are unable to deal with them with the amount of pipe pipes.
For example, the rainwater of the traffic center is kept separate from sewage and can go directly into the nearby canal, being clean water. This water is 10 cubic meters per second! Now consider thousands of houses, businesses, roads, car parks etc. which add to the area too much, all local sewage tasks make their rainwater funnel, and you can see what the problem is.
To solve it properly, every domestic and business will need to do expensive work to install separate rainwater drains, and dug a parallel piping system to keep rain water separated from sewage for every road in the area.
Most of the main piping before WW2 has been since, when very few people, homes and large businesses.
Steve
Profit operated by profit
National strategic property should never be in the hands of private companies at any time
They are inspired by the above benefits … and when they fail… then we finish the bill anyway. All privatization makes some people very rich.
Captetraples
Productivity
I agree in principle, but the problem with nationalized industries is that below the line, they will cause all problems. The issue is productivity: “Why should I work hard when I got a guaranteed job for life?” Probably not so much from the water supply, but all other nationalized industries were suffering from this communist idea. It looks good on paper, but in behavior, it does not work.
Now, nationalization of industries without union intervention or job protection, you will have something.
Stevewearberian
Now nationalization!
There is no benefit in privatizing a public utility which is also a monopoly. Personalized water companies are in competition with someone, so there is no pressure to reduce prices or improve services. They serve two masters: increased salary and benefits for shareholders. Now nationalize it!
Budwort
Break regional monopoly
Like most basic utilities, privatization does not provide any of the potential benefits and all the worst shortcomings. It is difficult to new with simple products as water, while the most important features are orphans to keep down-security, environment, and price-to-over-operated outfits.
Many at least, regional monopoly needs to be broken.
Rich
They are just laughing at all of us
This will not be decided until the people responsible for running the industry are properly accountable. Till then, they are just laughing at all of us – really laughing for the bank in all ways.
Captetraples
It cannot be decided
This cannot be corrected. And there is no way to nationalize it without spending about a trillion pound to buy companies and pay bondholders. There is no solution; This is only worse.
Blue
Some comments have been edited to this article for brevity and clarity.
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