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@blue-jane.bsky.social

179 Posts91 Follower98 Folgt
Prem Sikka@premnsikka.bsky.social · 2d ago

Private equity firms made up 50% of the largest US corporate bankruptcies with $1bn+ in liabilities Jobs, communities destroyed for short term profit PE has devoured UK high street; controls vets, supermarkets, care homes, pubs, housing, restaurants. Shadow banking wreaks havoc, govts do nothing.

Private equity continues disproportionate role in 2026 bankruptcies

Since 2024, PESP has tracked and analyzed corporate bankruptcies, identifying the disproportionate role that private equity-owned firms have played in bankruptcy filings. This trend continued in the…

pestakeholder.org

Prem Sikka@premnsikka.bsky.social · last wk.

CEO of Anglian Water, England's worst-polluting water company, handed extra £1.3m despite govt ban on bonuses for failing firms. Companies circumvent rules to reward execs for dumping sewage, fleecing customers, neglecting investment. Govt/Ofwat do nothing.

England's most prolific polluters hand water boss extra £1.3m - despite ban on bonuses | LBC

Last year, the government delivered new legislation to prevent underperforming water companies from offering bonus payments to their executives.

lbc.co.uk

@blue-jane.bsky.social · 2w ago

Microsoft is planning to build three massive AI data centres in Leeds. It’ll drain thousands of litres of water from the River Aire and become the city's biggest carbon emitter. We can stop the council's final sign-off, but we need more voices. Add your name: you.38degrees.org.uk/petitions/pr...

Stop the Microsoft AI megasite in Leeds!

Microsoft wants to build three huge AI data centres at Skelton Grange. It would drain the River Aire and become the city's biggest carbon emitter. We can still stop it - add your name to the petition.

you.38degrees.org.uk

Purchase with Purpose@purchase-w-purpose.bsky.social · 3w ago

Data centers have already hiked electricity prices on the public by $23 billion. This is not unique to the US. 22% of Ireland's electricity is used by data centres, and as a result, citizens pay one of the highest rates in the world. Yet another case of the working class subsidising big business

Data centers have already hiked electricity prices on the public by $23 billion. Good luck clawing that back | Fortune

A PJM market watchdog calls the shift a "massive wealth transfer" to tech companies, but there's a peak-demand loophole.

fortune.com

Prem Sikka@premnsikka.bsky.social · 3w ago

Tory govt wasted £10bn on PPE, Covid inquiry finds. Its “VIP lane” gave high priority for PPE contracts to companies with connections to the Tories. Baroness Mone's PPE Medpro was one example of crony contracts. Most of the money won't be recovered.

Johnson government wasted £10bn on PPE, Covid inquiry finds

Chair criticises use of ‘VIP lane’ to prioritise PPE contracts for companies with Tory connections in damning report

theguardian.com

Prem Sikka@premnsikka.bsky.social · 4w ago

Cost of appeasing Trump Trump tore-up the international treaty to put 15% global minimum tax on large global companies to prevent profit shifting. UK to miss out on £600m a year after allowing US exemption from landmark tax deal. Why no trade sanctions on the USA for financial terrorism?

UK to miss out on £600m a year after allowing US exemption from landmark tax deal

The deal saw nearly 150 countries agree to a 15% global minimum tax to stop large global companies shifting profits to jurisdictions with lower taxes – but the US will be exempt

independent.co.uk

Prem Sikka@premnsikka.bsky.social · 4w ago

Ministers plan legally binding debt targets for England’s water companies. Ofwat already assumes that companies have 55% debt and 45% equity. Companies have lower equity, resulting in higher price and shareholder returns. Proposal won't solve infrastructure problems, expect creative accounting.

Ministers plan legally binding debt targets for England’s water companies

Exclusive: Move comes as allies of Andy Burnham work on proposals to take water companies into public control

theguardian.com

We Own It@weownit.org.uk · 4w ago

🚨The UK-US pharma deal with Trump will cost 229,000 lives in England. The deal is so bad that the editor of the British Medical Journal says it suggests "We’ll kill our poor people to make your rich companies richer”. Dear Andy Burnham, tear up this deal as Prime Minister. Thank you.

A graphic with pictures of Trump and Burnham, a Guardian headline screenshot that says "US-UK drug deal would result in 229,000 excess deaths in England, analysis suggests", and a demand that Andy Burnham "show Trump the red card and tear up the pharma deal"
Dale Vince@dalevince.com · last mo.

We don't have a housing crisis because we have a planning problem - whether you blame that on Newts or not. It's because we have a building problem - an effective cartel of big builders, sat on massive (12 yr) landbanks, which they release into the market at the speed which ensures high house prices

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