Pipes burst while profits flow

George Binette, Camden Unison Branch Secretary, writes for the Islington Tribune on the recent spate of burst pipes in London. As Victorian pipes burst, massive profits continue to flow into the accounts of the privatised water companies – as much as £1.2bn in Thames Water’s case.

Perhaps it’s time to take a leaf from the book of the municipal reformers and socialists of the 19th & 20th centuries and take a vital natural monopoly like water back into public hands.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s