UK Politics

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BREAKING: The government has begun drawing up contingency plans for the collapse of Thames Water amid growing doubts. (twitter.com)

submitted 1 year ago by sabreW4K3@lemmy.tf to c/uk_politics@feddit.uk

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[–] SNEWSLEYPIES@lemm.ee 0 points 1 year ago* (last edited 1 year ago) (1 children)

On the contrary, I'm putting the goalposts back where they were before you misunderstood them.

From the article:

Hall concludes the companies have borrowed to pay dividends, rather than to invest in infrastructure projects. The £123bn of capital expenditure spent by the companies has all been financed by customer bills, the analysis states.

[–] julietOscarEcho@sh.itjust.works 0 points 1 year ago* (last edited 1 year ago)

Read the thread you're commenting on mate.

Under no circumstances should a company be borrowing and paying dividends at the same time

I have no objection to particular instances of imprudent dividend paying being criticised. I specifically rejected this absolute statement.