Eventually, we'll be left with two options. Either central government pony up the cash that the previous government committed to spending to fix water (but in a chaotic and significantly less efficient way), or local governments, via CCOs, will sell the provision of water services and related services …
Eventually, we'll be left with two options. Either central government pony up the cash that the previous government committed to spending to fix water (but in a chaotic and significantly less efficient way), or local governments, via CCOs, will sell the provision of water services and related services to third parties. Almost guaranteed that Serco and others are knocking on Simeon's door already.
Councils, unless forced, will not generate the revenue to fix water, and merged CCOs will do literally nothing to improve that without new revenue.
Quite right! Asset Management groups like BlackRock own what was publicly owned assets around the world. These are not philanthropic bodies! They are in it for profit which will come out of our pockets before much needed investment happens as usual.
Private management of utilities leads to higher charges, worse service and the funds needed for investment paid out as dividends usually to overseas investors.
Agree that likely Simeon has private companies on Speeddial to purchase our water. Auckland has had this fight once already had to constantly argue to keep in public ownership.
Sadly, an entirely foreseeable mess.
Eventually, we'll be left with two options. Either central government pony up the cash that the previous government committed to spending to fix water (but in a chaotic and significantly less efficient way), or local governments, via CCOs, will sell the provision of water services and related services to third parties. Almost guaranteed that Serco and others are knocking on Simeon's door already.
Councils, unless forced, will not generate the revenue to fix water, and merged CCOs will do literally nothing to improve that without new revenue.
Quite right! Asset Management groups like BlackRock own what was publicly owned assets around the world. These are not philanthropic bodies! They are in it for profit which will come out of our pockets before much needed investment happens as usual.
Private management of utilities leads to higher charges, worse service and the funds needed for investment paid out as dividends usually to overseas investors.
Indeed. Britain is the sad poster child.
Agree that likely Simeon has private companies on Speeddial to purchase our water. Auckland has had this fight once already had to constantly argue to keep in public ownership.