• via The Guardian
The £200 Billion Extraction: How Privatisation Became Britain's Longest-Running Wealth Transfer
Four decades of privatisation have funneled £193bn from UK households to shareholders, while infrastructure decays and bills soar.
Since 1991, £193 billion has been extracted from British households and transferred to shareholders of privatised utilities, while promised competition and efficiency delivered polluted rivers, unreliable trains, and soaring bills. This isn't a policy debate anymore. It's a measurable wealth transfer operating at industrial scale.