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Water bills will have to rise to stop people having baths
Comments
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All this talk of water being scarce is nonsense. Despite the recent dryer spell this country still has plenty of rain as we have seen recently. The problem is not a lack of water but inappropriate systems for collecting and managing it.0
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I invested in my local water company three years ago. For an investment of sub £3000 I could sell up now and the dividend and capital gains would pay my full water bill for the next 10 years.
You could speculate with any shares to make a profit, but you're still just taking the profit and using it to pay bills. No different from paying bills from any other source of income. The person I was replying to was discussing investing the money in the utility company and using the company profits (i.e. dividends) to cover the bills. I pointed out that you would have to invest an awful lot of money in the utility company for dividends to cover the bills. This is especially true if you have a family on a water meter.chewmylegoff wrote: »My water bill seems to be about £300 quid a year, so I guess the answer to that is "not all that much".
Wow, your water bill is really cheap! I guess you live alone? Mine is £1011 per annum for a family of 6. We're with United Utilities and they pay two dividends per year. Last year the total dividend was 30.67p a share. To receive enough dividends to cover my bill I would have to have 3297 shares. United Utilities shares are 627p per share.
In order to cover my water bill for the year from the water company's dividends I would have to invest £20,627.19 in United Utilities shares.
In order to cover your £300 water bill (if you were serviced by United Utilities) you would have to have 978 shares and would need to invest £6132. While not as bad as my £20k, £6k is still a lot of money to invest to cover your bill and they're going up all the time.0 -
PasturesNew wrote: »Years ago we had a bath on bath night, once a week.
Even if you didn't need one
I bet it was on a Sunday 
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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