Inverse of the classic:

Bill Stickers is innocent!

Saw the first clip in the video and couldn’t handle watching any more. I’m all for allowing people the autonomy to take their own sensible risks and avoid over safety-fying things, but some people are ridiculous (and selfish in this context). If you’re going to go over a level crossing when the barriers are closed, at least have the respect to run across, knowing that you’re doing something risky, rather than casually stroll through the danger zone!

One of the points made quite astutely in the FT comments section mentioned that ofwat was also strongly responsible for this.

Apparently the regulatory model is set up in the following way - in order to encourage investment in infrastructure, the calculated amount that customers are charged is based on a ratio of how much money is invested into infrastructure. Supposedly Thames Water and other water companies in England wanted to invest more in infrastructure, however ofwat did not allow it as they wanted to protect customers from price increases. Furthermore because of the silly shell game of holding companies that were set up to move the debt around, ofwat didn’t understand just how much debt was being racked up and didn’t make any moves to stop it.

However what this all shows is that the regulatory model is absolutely broken. So not only is ofwat toothless in allowing a ridiculous corporate structure to be set up to obfuscate the silly financial leveraging going on, they are also operating on an entirely faulty premise.

What it all shows is that trying to set up a functional privatised system for water companies that incentivises investment and works for citizens is extremely difficult, is prone to regulatory capture, is still under pressure from meddling ministers and ultimately costs more for customers and the government than servicing the government debt that would be used to pay for investment under a nationalised system.

Just bloody nationalised it.

Not to say I fully agree with the author’s viewpoint, but this article is a good, non-sensational, explanation of the current Thames Water situation. Worth a read if you’re interested in what’s actually going on.

Trolling is a art…

I’m a big fan of middle class ideals. Just have a look on Google maps, there’s more around than you might expect.

See if you have a local pottery near you that could make a new lid to fit.

In comparison, grocery sales were hugely increased this past Christmas - https://www.kantar.com/uki/inspiration/fmcg/2024-wp-record-numbers-hit-the-shops-as-supermarkets-experience-busiest-christmas-since-2019 .

Perhaps messages about being eco conscious have moved some people away from spending on plastic tat and focused more on having lavish food for the Christmas period? Or does this figure not take into account inflation and this is just to do with food price inflation being higher than other sectors?