so Notwork Rail get fined £ 14 M, last week some gas/electric cmpany got fined over monoploy for meters, last year some water company was fined.
This money, in the case of NR goes to governent, and probably the others too.
So which do you think is the more likley?
The fat cat directors say ooh dear, we can't have this and forgo their £ 4m bonuses, hand back the keys to their all expenses paid company
Daimlers or do they just hike up the prices for the customer?
In other words, we end up paying for their f**k ups, the govermnent is quids in either way with another instroduced "tax".
Well, in theory what happens is the company makes less profit, the shareholders get smaller dividends and we pay slightly less tax as some of it has been paid by NR or whoever. Whether that's what actually happens is another matter!
It's a travesty. The boss is getting a knighthood today! Same day they are fined. Plus, they are really a public company anyway so the fine doesn't mean anything. What a crock.
Companies run to make money. They'll screw as much money out of the consumer as possible.
Cases in point- British Gas reveals record profits whilst simultaneously putting up household prices.... Base rate goes down, mortgage companies
don't pass the reduction down to consumers....
The annoying bit about the British Gas profits was their excuse of
"we need to make lots of profit so we can invest in new greener technologies"
BS. That's almost as pathetic excuse as the government passing endless dictats on the basis of "fighting terrorism". Or the BP advert
showing them working on greener fuel. What next? The MoD sponsering mothercare to make them look more touchyfeely?
The whole Northern Rock thing narks me rather. Shareholders have been taking dividends and making money from a fundmentally floored (or at very best
high risk) buisness model. The board have been paid (very nicely indeed) for running this Emporers New Clothes buisness model and now that the bank is
finally sucked dry of money the government is propping it up to tune of 2 grand per person.... All the shareholders on TV were winging on television
about the risk of the bank going bust and them losing their money. I bet they weren't winging when their dividends came in. What next, people
suing bookies when they lose money.... Oh yes, I forgot......
Oh well, rant over. At least with nationalised companies they're just incompetent. Privatised companies are just incompetent nationalised
companies with bigger salaries for the board and money leaking out through ever poor into the pockets of shareholders..... which of course ultimately
we pay for as well..... Join the revolution brothers 
The irony of network rail is that 50% of it's money comes from the government. Most of teh other 50% comes from the rail companies, tariffs set
by the government. So the regulator, another quango, takes a fine from NR, and passes it back to the treasury, from whom it came in the first
place!!
we're paying for this quango to take money from one government arm and give it to another (pretty much the same as speed camera partnerships, now
I come to think of it). it's completely crazy. This is how the government has reduced unemployment over the last 10 years - making hundreds of
thousands of jobs in government, mainly to keep a closer eye on other government departments or implement the ever more complex tax systems....
I think we should annexe a nice part of the country and stage a revolution to become a republic. Where shall we start?
quote:
Originally posted by vinny1275
This is how the government has reduced unemployment over the last 10 years - making hundreds of thousands of jobs in government, mainly to keep a closer eye on other government departments or implement the ever more complex tax systems....
quote:
Originally posted by vinny1275
...This is how the government has reduced unemployment over the last 10 years - making hundreds of thousands of jobs in government, mainly to keep a closer eye on other government departments or implement the ever more complex tax systems....
...