Originally Posted by
pipster
Yes of course it was a ridiculous statement....
Welsh Water is not nationalised - it is run as a not for profit. It is not owned by UK or Welsh Gov thank fuc k.
It has a core business organisation - and EVERYTHING else is contracted out to private companies (shock horror!!). The beauty is - Welsh avoid having to employ these people (more shock...), if these companies do a bad job - their contract is not renewed. A not for profit organisation operating exactly like a private enterprise - just without the share holders.
Dont be fooled into thinking Welsh Water is nationalised - it isnt.