Have you ever wondered what happens to your money when you privatise your water services? Do you also know why the World Bank and other financial and political institutions are so in favour of what they call the public–private partnership? It’s because they guarantee the transfer of public money (taxpayers) to private pockets (shareholders, CEOs, etc.). There is no private investment without the intention of making a profit! Privatised water services in the UK demonstrate the reality of privatisation and PPP. Billions were taken out of the water service for shareholders and executives. Money lacking than for investments and maintenance, affecting the service provided and causing the UK sewage crisis. See here down how many millions were paid out to CEOs as bonuses. Only banning bonuses as decided now however will not fix the system. But the Labour government is still doing everything it can to avoid returning water to public ownership and control.
