Category: United Kingdom

In charts: how privatisation drained Thames Water’s coffers

In charts: how privatisation drained Thames Water’s coffers

On the dangers of privatising a critical service. And the UK has done it about as bad as you can imagine. Poor regulation combined with highly indebted water provider owned by private equity sowed the seeds for an epic disaster. https://www.theguardian.com/business/2023/jun/30/in-charts-how-privatisation-drained-thames-waters-coffers?CMP=Share_AndroidApp_Other

Mortgage 12-month grace period: what’s in it for you?

Mortgage 12-month grace period: what’s in it for you?

None of these UK mortgage  payment shock solutions deal with the underlying problem and they actually make the problem worst. A 12 month grace period won’t solve the problem and assuming interest accrues during the grace period borrowers are worse off. Neither borrower income nor integrates are likely to change much,  hence the grace period …

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King Charles urged to push for breakup of UK’s ‘network of satellite tax havens’

King Charles urged to push for breakup of UK’s ‘network of satellite tax havens’

I doubt anything will change. Especially post Brexit, the network of UK tax havens is a key British industry. UK will no sooner give up tax havens that Saudi Arabia will give up oil. https://www.theguardian.com/business/2023/apr/30/king-charles-urged-to-push-for-break-up-of-uks-network-of-satellite-tax-havens?CMP=Share_AndroidApp_Other