Best Of

That is another very powerful video from Jenrick. He is GOOD at this

His media team are very slick. They know what they are doing, as those videos can also easily be chopped up into shorts.

However, this is really niche stuff, the public have no idea who this baldy bloke who represents terrorists is or really care. If he had gone after shoplifter or phone snatchers, I think they would have been a much bigger hit.

He ought to do a shoplifting video next.

Channel. That's were the action is. If he had the knackers for it, which I sincerely doubt, he should go to France and pay to have himself trafficked across to the UK. That would either be coruscating social media content or he'd drown. Win-win.

Thames Water preferred bidder KKR pulls out of rescue deal

Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake

https://www.theguardian.com/business/2025/jun/03/thames-water-kkr-pulls-out-rescue-deal

There better not be a bailout.

There cannot be a bailout

So the entire South East of England goes without water?

Starmer caused the problem he will have to resolve the problem.

When RBS et al went down, operations didn’t miss a beat. The ATMs kept running, even mortgages were being put through.

The people running the company keep on working.

What happens is a high finance drama. Shareholders wiped out. Bond holder get nuked as well.

Relieved of debt, the ship rights it self. Like a sailing ship on it beam ends, when they cut the masts away.

The important thing is that, when the government steps in, they guarantee the suppliers bills. Otherwise companies in the supply chain go bust.

Lend money to Thames Water for this purpose, as the most senior form of debt. So when the previous debt is annihilated, the loan is protected.

Without nearly all of its previous debt Thames Water will be very profitable. It will pay back the handful of millions to protect the suppliers, easily. If managed sensibly, the government will make a profit on the loan.

Thames Water preferred bidder KKR pulls out of rescue deal

Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake

https://www.theguardian.com/business/2025/jun/03/thames-water-kkr-pulls-out-rescue-deal

There better not be a bailout.

There cannot be a bailout

So the entire South East of England goes without water?

Starmer caused the problem he will have to resolve the problem.

Let it go bust. Buy it for a pound. Rinse the shareholders. Fire the directors for gross misconduct, without compensation.

This is how capitalism is supposed to work. Profit is the reward for risk.

This is the way capitalism *used to work*. These days we have Venture Capital where you buy a company by loading the debt needed to buy it onto the company so that it sinks. You get your money back and then more money and then you sell whats left for another big profit. The company? The service? Who cares about that, are you a communist?

We should absolutely let it fail and bring in government appointed managers to ensure it continues to operate. And I would go much further. We've had decades of whining about PFI contracts. Tories create them and Labour complain, then Labour expand them and the Tories complain, then the Tories expand them etc etc.

Your PFI hospital with its daft contract. Renegotiate it. In the real world contracts get renegotiated. The PFI company can't repossess the hospital or the school and sell it to Burger King - it can only do the thing it was designed for. Which gives the state leverage over them.

The private sector has been - deliberately, as government policy - been allowed to milk the public purse for a long time. They can hardly complain when the milking is stopped.

Thames Water preferred bidder KKR pulls out of rescue deal

Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake

https://www.theguardian.com/business/2025/jun/03/thames-water-kkr-pulls-out-rescue-deal

There better not be a bailout.

There cannot be a bailout

So the entire South East of England goes without water?

Starmer caused the problem he will have to resolve the problem.

Let it go bust. Buy it for a pound. Rinse the shareholders. Fire the directors for gross misconduct, without compensation.

This is how capitalism is supposed to work. Profit is the reward for risk.