World News@lemmy.worldEnglish · 1 month ago

UK public has paid £200 billion to shareholders since privatisation of water, rail, bus, energy and mail services

www.theguardian.com

cross-posted to:
[email protected]

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UK public has paid £200 billion to shareholders since privatisation of water, rail, bus, energy and mail services

www.theguardian.com

ChocolatChaud@lemmy.world to

World News@lemmy.worldEnglish · 1 month ago

cross-posted to:
[email protected]

UK public has paid £200bn to shareholders of key industries since privatisation

www.theguardian.com

Analysis reveals ‘privatisation premium’ of £250 per household per year paid to owners of water, rail, bus, energy and mail services since 2010

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The free market competition means the companies are motivated to create efficiencies like price fixing and not bothering to do any maintenance work.

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