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Economic Analysis

4 articles

The £518 Million Mirage: How Thames Water Turned London's Water Security Into a Financial Extraction Scheme

• via The Guardian

The £518 Million Mirage: How Thames Water Turned London's Water Security Into a Financial Extraction Scheme

Desalination Disaster and the Illusion of Infrastructure

Thames Water's £518 million desalination plant, built to secure London's water supply, has produced a mere seven days' worth of water over 15 years. This exposé reveals how the plant, plagued by operational failures and exorbitant costs, serves more as a financial asset for debt accumulation than a functional piece of infrastructure. As the company seeks another £535 million for a new project, the story highlights the systemic issues in Britain's privatised water industry, where public service is secondary to wealth extraction.

The £8 Billion Disability Car Scheme Nobody Wants to Question

• via Adam Smith Institute

The £8 Billion Disability Car Scheme Nobody Wants to Question

Brand New Cars for Anxiety While Pensioners Freeze

The Adam Smith Institute's investigation into the Motability scheme uncovers a staggering £8.1 billion annual expenditure on brand-new cars for welfare claimants, far exceeding essential public services budgets. This exposé reveals how a program initially designed to assist wheelchair users has ballooned into an unaccountable monopoly, purchasing one in five new cars sold in Britain, while eligibility criteria have been drastically expanded to include conditions like anxiety and depression.

The Motability Machine: When Public Service Becomes Private Profit

• via The Spectator

The Motability Machine: When Public Service Becomes Private Profit

How a Disability Support Scheme Became a £14 Billion Car Leasing Empire

Lana Hempsall's investigation into Motability reveals a textbook case of institutional mission drift. What began as essential support for severely disabled individuals has morphed into Britain's largest vehicle leasing operation, operating under the protective umbrella of public benefit while generating substantial private returns.