Corruption at British Gas: Should UK renationalise utilities?

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Poll: Should we renationalise our public utilities?
Yes (8)
53.33%
No (7)
46.67%
Numberwang
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#1
Report Thread starter 6 years ago
#1
Today British Gas have paid out a million pounds to customers they essentially conned by telling them about imaginary sales.

Is there a place for such pressure-selling in what is an essential public utility? We all need gas, electricity and water to live, and I don't understand why such shared needs should be a vehicle for shareholders to profit.

Our huge bills seem to be increasingly paying for regulators like Ofgem to sort out the mess these private firms are putting us in.

I'd say to Ed Miliband that regulation is the wrong solution. Bring them back into public ownership!
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Llamageddon
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#2
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#2
There's never any corruption in government ran businesses.
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M-Dog
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#3
Report 6 years ago
#3
Renationalisation is key because the General public have lost faith in private companies. If the basic utilities were state owned they would be affordable and the vested interest of the government would be with its people not necessarily profit.
My only concern is when we suffer from peak gas- why are we wasting time with non renewables? Why not look to invest in renewables? Is the surfacing and devastating effects of climate change not enough of an incentive?
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GHSilver
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#4
Report 6 years ago
#4
It's because they were previously nationalised that they have monopoly-like status. The solution is to make the market more competitive, not to make it even more monopolized. Nationalised industries are inefficient, ineffective and actually don't serve people any better than private companies.

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Rakas21
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#5
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#5
While I'm open to the possibility of bringing the National grid into public ownership (has a 20% operating margin) I see little reason to bring all utilities into public ownership. Ignoring the fact that public bodies can be inefficient and beaurocratic by bringing the big 6 into public ownership you'd only lower bills by something like fifty pounds per person on average and that's assuming you did not push the three billion profit you'd gain into investment instead.

Much better to abolish the taxes on our bills I think.
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zippity.doodah
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#6
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#6
nope; socialism is ineffective; why do you think they were deregulated in the first place?
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