Here’s somethng I don’t understand:
The water industry regulator, Ofwat, is planning to fine Southern Water £20.3m for “deliberately misreporting information” about its performance. The misreporting meant that Southern was able to raise its prices by more than it should have done, Ofwat said. The fine is also for poor processes and systems that meant “customers received poor service”, the regulator added.
OK – so naughty Southern Water. But there again, the article suggests that they both owned up to this problem AND compensated their customers. Furthermore, Ofwat (what a genius it was who came up with these bloody names!) state (although not Southern Water) that the fine will not burden customers because it will come out of profits so just hit the shareholders and their dividends.
Now here’s the question. When Southern Water hand over this huge sum of money – who, or what, gets it? If this were a criminal or civil case in a court of law then the plaintiff would benefit. But this isn’t a legal court ruling, this is a ‘regulatory body’ appointed by, yes, you guessed it, the government. So where does the money go? It looks more to me like this is almost a tax on being naughty.
Ideally, the company should be made to pour that £20.3m into it’s operations. Sure, the shareholders get hurt and they, in turn, can get rid of the directors who are responsible for the loss. That would be a fitting punishment. Now I don’t know the rules here but I suspect the money just disappears under the mattress of the government and to that, I strongly object. And so should the customers of Southern Water.
I see this morning that Cameron’s ‘Nu’ Conservatives are making moves to
It is against the law in England to sell alcohol to anyone under the age of 18 or tobacco products to anyone under the age of 16. Any sales assistant or shopkeeper found flouting these rules could face prosecution and a stiff fine. It is, if I understand it correctly, up to the sales assistant to make a decision on the age of a purchaser and, if challenged, up to the young purchaser to prove their age.
If you have not been forced to accept the ubiquitous ‘wheelie bin’ where you live – and I am aware of people that haven’t – then it is surely only a matter of time. We have had the ‘black’ bin (general household waste) for several years now but all changed about a year ago.
Last year the Inland Revenue… OK… the bloody Tax Man, decided for reasons that have not been disclosed to me, to instigate an investigation into my 2002-2003 tax return.