@[email protected] to UK [email protected] • 2 days agoWater companies in England and Wales ordered to pay £158m back to customers – Channel 4 Newswww.channel4.comexternal-linkmessage-square4fedilinkarrow-up169arrow-down11
arrow-up168arrow-down1external-linkWater companies in England and Wales ordered to pay £158m back to customers – Channel 4 Newswww.channel4.com@[email protected] to UK [email protected] • 2 days agomessage-square4fedilink
minus-square@Koof_on_the_Rooflink12•2 days agoIn 2022/2023, England’s water firms made a staggering £1.7bn in pre-tax profits. This fine is just chump change for them and doesn’t fix anything.
minus-square@[email protected]linkfedilinkEnglish8•1 day agoIt’s 9%ish. It’s not insignificant. Far better than the 0.01% fines that you normally seee. Is it enough? That’s more debatable.
minus-squaresunzu2linkfedilink3•1 day agoIf crime is profitable and only penalty is slight reduction to the that profit, why would anyone stop doing the crime?
minus-square@JacktheladlinkEnglish1•1 day agoMakes for a good headline though, which is all politics is now.
In 2022/2023, England’s water firms made a staggering £1.7bn in pre-tax profits. This fine is just chump change for them and doesn’t fix anything.
It’s 9%ish. It’s not insignificant. Far better than the 0.01% fines that you normally seee.
Is it enough? That’s more debatable.
If crime is profitable and only penalty is slight reduction to the that profit, why would anyone stop doing the crime?
Makes for a good headline though, which is all politics is now.