Why do foreigners own OUR water

In 1989 water supply and #sewagetreatment in England and Wales was transferred to ten private companies. The majority of these are now foreign owned. At privatisation they had no debt but since then have accrued debt of £16 billion. In the meantime they have paid out £72 billion in dividends to their shareholders. Sewage is now routinely dumped into rivers and the sea. During 2023 this happened for 3.6 million hours. Thames Water which supplies 8 million Londoners and which has paid out £15 billion to its shareholders is now unable to carry out necessary upgrading and is expected to increase water bills by 40%. In the meantime the government of #rishisunak continues to stagger on with daily crises. Sunak has spent more than £2 million on private flights in the past year, more than 28% of children are living in #poverty , a former Egyptian government minister who gave £5 million to the #tories has been knighted and the Tories attempted to trash London mayor #sadiqkhan by posting a video showing #london to be a crime ridden and dangerous city.