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Prem Sikka
premnsikka.bsky.social
did:plc:v37jbm7ajyevhnygruyftjbc
The End Game?
Thames Water restructuring deal would provide £1.5bn now, potentially rising to £3bn. Already has £19bn debt.
Customer bills will rocket.
New money would pay adviser fees, existing interest charges, leaving £500m in usable cash.
And after that?
End the Ponzi scheme. Nationalise
https://www.theguardian.com/business/2025/feb/06/thames-water-may-have-less-than-500m-in-usable-cash-despite-15bn-in-emergency-debt-court-told
2025-02-07T07:31:32.047Z