so stopping the 25% of water that is lost thru leaks would make no difference? yeah right.
They are being forced to repair them? – yes gentle pressure that they are kicking and screaming from under.
The 200 million profit should have been used to stop leaks. The governments should force them to do so. They have enough water – they just waste 1/4 of it.
Do you have a figure to hand for what it would cost to fix every leak in the TW region? I’d hazzard a guess it’s a f***load more than £200million. So either bills have to go up (which they’re not allowed to do), or profits go down (which they were forced to do).
As for shareholders only taking money out of the system……..
If there was no profit, there would be no shareholders, if there were no shareholders the company would be esentialy worthless, if it’s worthless then it can’t borrow money from the bank as it has no asset to borrow against (because you’ve deemed it’s asset worthless as its not profitable).
Bessides, £200million isn’t a big profit, there’s ~9million households in the TW region, so let’s say a nice round 20million people. £10 of the south easts water bill was profit, hardly extortion is it?