Not under priced, just been loaded up with debt by their shareholders who then borrow money to pay profits back to themselves. The debt is also owned by lenders linked to the shareholders. it’s the Tory way.
they should not be bought out by the Government, the debt needs to not be met and the lenders can take the hit. The Government should take ownership of the enterprise when this is completed. Sick to death of privatising profits and socialising debt at taxpayers expence.
They can legally take over or nationalise the company and just scrap the debt.
This is what I’d like to see happen as it sends a clear message to the other twats loading service companies with debt to pay dividends.
The problem comes when all the people with pension funds see a massive nose dive in their pension pot because of the way their capital is invested.
That is why the Government had to sort out the Truss problems with the Bond market and the same issue applies to millions with work place pensions who are not on a Government scheme.
This is actually standard teaching in business finance courses like accountancy trainees get as a way of maximising shareholder value in dividends/share prices.
I take your point. But, I don’t think it applies to Welsh Water (where I live) or the water board that covers Northern Ireland. And, they will both need to spend a lot going forwards to cure all of the problems.
My point is that Water bills haven’t kept pace with inflation / the cost of living thus far and there has been underinvestment for years. To cover all of that they will go up in price steeply.
This is simply not correct. Any pension fund holding TW debt (or any other debt for that matter) that has not insured its positions using the CDS market deserves to take a kicking.
I meant pension funds being shareholders rather than lenders.
Other forms of hedging are available. The pension funds are more likely to be bondholders though. Any fund still heavily long TW equity is also likely to be poorly managed.
Whatever the theoretical rights’n’Rongs are concerning TW, we have a tory government, so public money will be spent to bail out a private company and bills will double and more people than ever before will be cut off when they can’t pay, and mighty volumes of lies will be told to justify it all.
Dogma > Decency - every time.
Not a problem, the pension fund managers should be accountable. If not, they will keep making risky loans thinking the government will ball then out if it goes pear shaped.
There’s an NHS policy maker somewhere who deserves one. I saw the consultant surgeon yesterday to decide what to do about the cataract in my right eye (NHS cataract work has been contracted out here so I was at a small private clinic). She explained that the NHS would pay for my assessment, for a simple monofocal replacement lens and for the surgical procedure to suck out my old foggy lens and to slip the new one in, so the care would be ‘free at the point of use’.
She then went on to explain that that care would be adequate (my word) rather than best. The best care they could offer would involve a fancy (her word) lens which should give me an extended depth of field, bringing not only distant objects into focus but also ones which are closer, perhaps down to about arm’s length.
Given that it’s my sight, which matters to me, I’ll be going with the fancy lens. I realise it costs more than the simple one and I’m prepared to pay for it. I might have hoped that I’d only have to pay the difference in cost but no, I have to pay the full cost of the fancy lens. Furthermore I have to pay the full cost of everything else too, despite the assessment and the surgical procedure being essentially the same whatever lens I choose. The consultant said that that was the NHS’s rule and in her opinion it was very unfair (her words).
Thanks for that Graeme. Very helpful.
At my last eye test (July) the optician told me that I have cataracts forming in both eyes.
The one in the left eye is coming on in leaps and bounds and there is a discernible difference between the two.
I am not sure if I am at an operable point yet but if I go for the new fancy lens I will also need the lens in my specs changed.
Then the whole thing again when the right eye needs doing.
Or maybe if going private just get the right lens done at the same time. 
It may have changed, but in the past they’d never do both lenses at the same time, just in case something unexpected were to go wrong.
My mother just had both hers done with a few months between. Similar to above nhs farm it out to a place that just does cataract all day long. Although no mention of a batter lense for her.
She did have to have laser after the first one as she got some fogging. But this was included under the nhs.
Save with NHS dentistry. Surely the real question here is why the NHS only fit shit lenses?
Just spoken to a mate who had the NHS job done, they never do both at the same time as they cover the eye and send you home with it covered for a few hours.
You could never be sure of getting the right bus if they did both!
They don’t fit shit lenses, but they don’t fit eyesight correcting lenses which the private ones do.
The poor must be punished for their poverty 
That’s OK then. In that case fitting corrective lenses only makes sence if your prescription isn’t going to change for ten years or so. If it isn’t, i still don’t get why they wont fit corrective ones, the price difference would be peanuts compared to the actual Op surely.
Similar rules in dentistry, you can have this really shit partial dent that is a pain in the ass to live with, if you want an insert to anchor it pay for the lot yourself.
In insurance terms ours betterment, but even car insurance companies only make you pay the betterment element.
Been googling
There are different types of cataracts and depending on the kind you have, you might be more suited to one type of surgery or the other.
The most common type of cataracts in the UK are those that are age-related. They affect around one-third of the population at some point in their life and the older you are, the more likely you are to develop them.
Cataracts can sometimes develop as a result of another condition. Although less common than other types, a person might have cataracts if they have diabetes or have had problems with drug or alcohol abuse. They are also more common in short-sighted patients.
How many more boxes do you want me to tick! 