Nationalisation.

[MadAmster]

Read this morning that, since privatisation, the various companies have racked up £48Bn of debt costing £1.3Bn to service each year. That 1.3 will rise as interest rates rise.

In this time, they have also paid out £57Bn in shareholder dividends.

Not bad for companies that plough far too little back into repairing the myriad of leaks in the water system so we stop losing more than we use. Those same companies pour raw sewage into rivers and the sea at an alarming rate.

I'd love one of our accountants on here to explain how this is a good example of the free market working to the public's advantage.

Same goes for the gas, electricity companies and the railways.

Do you remember that the Dutch NS is owner of a few of the franchises and that they get millions in dividends each year? Money they use to keep fares down here in NL (thank you all BTW). Yesterday, the rail workers started a series of 1 day strikes in a pay dispute. Sound familiar?