I want us going after structural reforms. You rightly flagged that we're borrowing £150bn this year and its a problem. It is - because we're burning it rather than investing in it. An examp… (View Post)

Its not GBR. Its the same SWR as it was last week. Same managers, same resources, same maths, same decision makers (the DfT) (View Post)

Exactly. Have an OFWAT equivalent of the DfT's OLR - a management team ready to step in and operate the business once it fails. Thames Water's staff aren't affected, but senior managem… (View Post)

GBR doesn't yet exist. SWR - like SE and LNER etc - is now managed by DfT Operator Ltd (was DfT OLR - Operator of Last Resort - Holdings Ltd). When SWR was contracted to First group all of the d… (View Post)

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 a… (View Post)