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The water company, which has said it could run out of cash by next June, had asked the regulator for permission to charge customers £156.6m through bills to plug the pension shortfall.
I think the phrase is “fuck you”.
Its almost like handing out control of something as critical and a natural monopoly as water supplies to the Saudi’s is a bad idea.
FYI they also paid their Saudi overlords £37 million earlier this year.
The Aussie owners before them milked it and generated most of this debt.