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...One issue is that Kemble is reliant on dividends paid by the regulated operating company, which receives the cash from customer bills....
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...Kemble, which has no other source of income other than bills paid by Thames Water customers, requires the dividends to service its debt....
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..., inconsistent regulatory regime and watchdogs were not sufficiently accountable to the public This lack of accountability has led to poor oversight that has left households grappling with high energy bills...
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...Moira O’Neill is a freelance money and investment writer. X: @MoiraONeill, Instagram @MoiraOnMoney, email: moira.o’neill@ft.com...
Why did no one raise the alarm about bad, arguably criminal, behaviour?
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...retailer was reportedly labelled “an embarrassment to UK corporate governance” by investor advisory group PIRC in 2019 following delays to its financial results and the disclosure of a potential €674mn tax bill...
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...attractive to some wealthy people who have accumulated millions, or tens of millions of pounds of wealth overseas that they would have liked to bring to the UK before now if it were not for the large tax bill...
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...The “ADHD tax” refers to the money lost from financial mistakes, forgotten bill payments or ill-considered spending by those with the condition....
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