Thames Water boss and ex-Ofwat head refuses to apologise for letting companies increase debt
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- Опубліковано 11 лип 2023
- The joint chief executive of Thames Water has refused to apologise for allowing water companies to increase their debt during her time as chief of Ofwat, the water regulator.
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Cathryn Ross's comments came during a parliamentary committee session with Thames Water bosses as concerns mount over the financial viability of the company. Thames Water has secured £750m of emergency funding from its shareholders but the debt-ridden company warned it would need further funding in the years ahead.
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#Water #ThamesWater #Ofwat #WaterIndustry #UK #News
The head regulator goes on to become CEO of the largest water company - pure corruption.
This happens all
Over the world and they get away with it
Darren Jones is hands down the best questioner I’ve ever seen on any committee. Always manages to hold the powerful accountable.
Still nothing ever happens though does it.
Held her accountable??? She’s just told him to f*** off.
She has nothing to apologise for. She knows exactly what she's done, she's done it with full deliverance and has no sympathy for all those she's stepped on to do it. Completely moral disengagement
The revoving door, "go easy on us when you're the regulator then we'll give you a cracking job".
The backpat society
How can someone be the head of the regulator and then become the CEO of a company that is controlled by the the regulator that they were head of. A MASSIVE CONFLICT OF INTEREST. She needs locking up for corruption….
how? money.
It is an absolute joke. She is an embarrassment he (Darren Jones) is a national treasure.
It's an integral aspect of conservative ideology.
Corruption simple as that
Why did she jump ship from OFWAT to BT and then Thames Water in 3 1/2 years?
How the heck can the former Chief of OFWAT be appointed as CEO of Thames Water, hypocritical at the very least, game keeper turned poacher, more than twisted.
Prison for everyone of these worthless corrupt criminals ‼️
Send these Water bosses to prison if they pollute any river or the sea.
They are dumping even more sewage at the moment, surpassing the record-breaking levels at the time of this committee.
They don't even attempt to hide their corruption.
She is amazing. In all rhe worst possible way.
Darren Jones and Chris Bryant brilliant questioners.
It smacks of..." Change the rules while you're in charge of OFWAT so we can make huge profits, and in a year or two, we'll employ you as CEO where you can make a huge profit too". Isn't that just how politics work... the revolving door system!
Increase their debt?!? So they can continue shovelling money into their shareholders' pockets? Have I missed something?
No, its pure daylight robbery
Great questioning from Darren Jones👊
Yes great questioning but... NOTHING changes it's all a big con
Did not perform still got bonus, same as all CEOs in all water industries.
I remember on the radio or television in the 1980s a representative of the water companies stating that prices needed to be so high to reflect the chronic need for investment in the UK water infrastructure. So where did it all go? I think we all know, and they are trying to do the same again or to just walk away from it all.
I think we need to change the law to say all the management team would go to prison and sued for all their wealth if their companies goes under. Make the rule very simple so that if any company goes under during your tenure or after your tenure, you will serve a minimum of 10 years hard time with no time served. Change the laws!
That's a brilliant way to stop anyone ever going into business or becoming the boss of any company. The country would grind to a halt. Businesses and individuals go bankrupt every day. Corruption isn't usually the reason. I don't think you've thought this through.
Privatization of public works = lower quality or higher prices. Then destruction of the asset and bankruptcy. Always, everytime. In this case total DIVIDENDS paid = Private Debt Liability Assumed. Also known as "Embezzlement.' From the Public to the Tory Oligarchy.
Because nationalisation always works
More crooks.
This woman get paid over one year and a half million pounds a year, how did she ever get her job in OFWAT or as CEO at Thames Water, she is patently incompetent and possibly criminally negligent!
It’s those last two skill sets that got her the job at Thames Water 😂😂😂
Snouts in the trough. "Should i give myself a bonus this year?" - "of course!!"
Sack her she is a public servant
The regulator is in bed with the water companies guaranteeing their profits while the customer gets ripped off.
She is a disgrace for not apologising!!!
Renationalise immediately we have had enough of being taken for a ride.
Clearly what needs to happen here is this Lady needs to go on cleaning out septic tanks duty for the next 30 years on a minimum wage....................Would that sink some reality in I wonder?
If Starmer falls under a bus Darren Jones would be my choice for leader of the Labour Party.
Ofwat boss now thames water boss???
She needs Jailing If she thinks she is INTOUCHABLE she is not !
So regulators should be scrapped then basically as they dont regulate
Terrible what these companies do for profit
How can you sell something that was not yours to sell in first place
Even more than that, how can you pay out dividends over the actual profit of the company whilst at the same time borrow billions off pounds against the company? Pure corruption
Is total incompetence a reason for the sack
CORRUPTION=It's NOT "incompetence"... It IS intencional.
This is absolutely criminal. Prison sentances have to be applied to deter this sort of behaviour.
Why are theses questions asked after the horse has bolted.
Even the waters corrupt in the UK 😭😂😂😂
Shameless.
Macquirie Bank (also known as the Kangaroo Vampire Bank) took £2.2bn in dividends while increasing borrowing to £10bn.
Yet another 'great' privatisation 'success'...
The conservative party wants to privatise OUR NHS.
Remember that.
It murdered 400k people last year.
The NHS is finished, as is the quality of water supply, due to crooks like this woman.
There is not excuses Water 💦 should be not privately run.
How is it legally acceptable to pay shareholders dividends higher than profits made? It is a disgrace that so many shareholdings in British water companies exist off-shore in tax havens. Siphoning the money off forever to not be accountable.
Thames Water boss and ex-Ofwat head....???????? How could there possibly be a conflict of inerest (fkg sarcasm alert)
It’s all about bonuses and dividends,…it is no coincidence that raw sewage is being dumped to save money on treatment and spend it on personal rewards.
CRIMINAL
Whenever you hear anyone say 'i don't accept that characterisation....' you can be guaranteed that the characterisation is spot on and the person making the statement is lying.
This!! I want some of this please.
Another criminal
Next public inquiry tears
Its going to be like the post office chaos all hot air and nothing done while they keep there pay offs
Darren Jones has a brilliant brain,he will be a top asset to the labour party.
Grifter.
Why would she apologise? She got a nice cushy job at Thames Water as a result of her actions as the head of the regulator supposed to oversee Thames Water; she achieved the goals she set herself.
Barry Gardiner is outstanding.
She obviously drinks Perrier water! Lovely
She must be lying because she would have seen the IBM zero trust accounts
Ofwat to head of Thames Water. Nothing to see here....
THE TERM THAT COMES TO MY MIND IS "GANGSTERS IN SUIT'S"!!!!!!!!
What the financial status of Thames water six months later?
They couldn't handle s garden hose let alone a water company!!
Not sure about that. They would stick one end in your toilet bowl and the other in your drinking water 😂😂
C.O.R.R.U.P.T.I.O.N.
Just need everyone to not pay water bills,soon listen then
Why do i keep seeing OFWAT as OTWAT😂
And there is reason why wool is not a problem as long there are sheeps!
Don't be a sheep!
Well i aint paying it
Daren Jones is real quality
Hindsight is 20/20 obviously she needs new glasses
revolving door corruption
Prison for life.
Usual thing, no plain english. The language of Corporatese should be illegal because it is duplicitous and is not clear.
Corrupting.
Примите Христа или в ад навечно
WATER USERS AND THE TAX PAYER ARE GETTING FLEECED!!!!
Send her to prison
@user-cd2jw2jp2v
6 seconds ago
Y do we need so many people and none take any responsible for anything