Prem Sikka(@premnsikka) 's Twitter Profileg
Prem Sikka

@premnsikka

Emeritus Professor of Accounting. If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.

ID:2461924214

linkhttps://members.parliament.uk/member/4885/contact calendar_today24-04-2014 16:50:12

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Because of the general election the Data Protection and Digital Information Bill passed by the Commons has fallen in the Lords.

Govt was seeking 24/7 powers to snoop on the bank accounts of recipients of benefits and state pension.

Govt avoided defeat in the Lords by giving in.

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UK’s Environment Agency chief admits regulator buries freedom of information requests.

Because the truth about the environment in England is “embarrassing” and doesn't want to reveal 'the true state of what is going on”.

Institutionalised corruption.
theguardian.com/environment/ar…

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61m patients in England waited longer than fortnight for a GP appointment.

March 2024 - equivalent of 1,790 fewer fully qualified full-time GPs than in Sept 2015

7.6m hospital appointments awaited.

300,000 people a year die waiting.

Tory choice.
theguardian.com/society/articl…

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Rwanda flights will not take off before general election, says Rishi Sunak

Labour is committed to scrapping the Rwanda policy “absolutely, flights and all”.

Policy violates ECHR and would have faced legal challenges.

But Tories will still spin it.
theguardian.com/politics/artic…

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Post Office boss Paula Vennells was 'concerned' over 2013 email from Alan Bates, but did nothing.

Communications Director said - looking at all past cases would be “in media terms… very high profile”.

So they continued with the charade of Horizon is OK
itv.com/news/2024-05-2…

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Severn Trent hikes dividend to shareholders by 9%.

60,000 sewage spills last year, up from 45,000 in 2022.

Since 2010 company sanctioned 85 times, fined £8,166,840. Puny fines.

Shareholders always come before people.

End the scam. Nationalise water.
theguardian.com/business/artic…

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Prem Sikka(@premnsikka) 's Twitter Profile Photo

Rwanda flights will not take off before general election, says Rishi Sunak

Labour is committed to scrapping the Rwanda policy “absolutely, flights and all”.

Policy violates ECHR and would have faced legal challenges.

But Tories will still spin it.
theguardian.com/politics/artic…

account_circle
Prem Sikka(@premnsikka) 's Twitter Profile Photo

Because of the general election the Data Protection and Digital Information Bill passed by the Commons has fallen in the Lords.

Govt was seeking 24/7 powers to snoop on the bank accounts of recipients of benefits and state pension.

Govt avoided defeat in the Lords by giving in.

account_circle
Prem Sikka(@premnsikka) 's Twitter Profile Photo

HSBC fined £6.2m.

Failed to consider customers' circumstances when they missed a repayment.

Put 1.5m people at risk of greater financial harm.

No sanctions against directors who are free to do the same again.

HSBC is a serial offender.
bbc.co.uk/news/articles/…

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Prem Sikka(@premnsikka) 's Twitter Profile Photo

Post Office boss Paula Vennells was 'concerned' over 2013 email from Alan Bates, but did nothing.

Communications Director said - looking at all past cases would be “in media terms… very high profile”.

So they continued with the charade of Horizon is OK
itv.com/news/2024-05-2…

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South West Water: Surge in profits for parent company of utility responsible for supply in Devon.

8.6% increase in operating profits to £166.3m.

Dividends up 3.8%; debt rose to £5.18bn. Customers pay interest in higher bills.

No end to exploitation.
news.sky.com/story/south-we…

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Prem Sikka(@premnsikka) 's Twitter Profile Photo

Severn Trent hikes dividend to shareholders by 9%.

60,000 sewage spills last year, up from 45,000 in 2022.

Since 2010 company sanctioned 85 times, fined £8,166,840. Puny fines.

Shareholders always come before people.

End the scam. Nationalise water.
theguardian.com/business/artic…

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BT fined £2.8m as EE/Plusnet failed to provide 1.1m customers information about length of contracts & exit fees.

Execs chase profits/bonuses by exploiting customers.

Fines are another cost of doing business.

Execs not fined for abusive practices.
news.sky.com/story/bt-fined…

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UK competition regulator probes £5bn a year veterinary industry.

People ripped off with excessive charges for medicines, prescriptions, pet care.

That is what happens when corporations & private equity move in.

Key challenge is to tame corporate power.
news.sky.com/story/cma-issu…

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UK public debt:
Apr 2024: £2.687trn, 97.9% of GDP
Feb 2020: £1.791tn, 79.1% of GDP
May 2010: £1.03tn, 65% of GDP
Squandered on tax cuts for corporations/rich, contracts 4 cronies.
No new industries
Public services destroyed
1% have more wealth than 70% of the population combined

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Paula Vennells cries, denies knowing Post Office was carrying out its own prosecutions.

She was the boss, evidence suggests that she knew.

Denials, tears, selective amnesia as no one accepts responsibility for postmasters' misery.

Will there be justice?
theguardian.com/uk-news/live/2…

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Thames Water shareholders provided no extra funding since privatisation.

Net assets at March 1990, £1,329m
Net assets at March 2023, £1,435m
Increase of £106m in 33 yrs, due to accounting gimmicks (capitalising interest & repair costs).

Shareholder investment in 33 yrs = Zilch

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Sunak calls general election for July 4th.

Tory legacy

Economy stagnant
Highest public debt
Highest NHS waiting list
Highest tax
Average real wage lower than in 2008.
4.3m children in poverty
Record homelessness
Privatisation failed.
Public services destroyed

Boot them out.

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Water companies in England and Wales want bills to increase by 24% to 91% over the next five years.

OFWAT likely to approve at least 50% of that - exploitation, dividends and misery will continue.

End the scam. Nationalise water.
bbc.com/news/articles/…

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Prem Sikka(@premnsikka) 's Twitter Profile Photo

Sunak calls general election for July 4th.

Tory legacy

Economy stagnant
Highest public debt
Highest NHS waiting list
Highest tax
Average real wage lower than in 2008.
4.3m children in poverty
Record homelessness
Privatisation failed.
Public services destroyed

Boot them out.

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