Share

cover art for "Hosepipes No; Dividends Yes!"

A Long Time In Finance

"Hosepipes No; Dividends Yes!"

England's water utilities have been under fire for leaks and discharging sewage into the rivers, something we are told they don't have the cash for. So why are they paying out huge dividends, which almost tripled last year to £1.4bn? Neil and Jonathan are joined by David Hall, visiting professor at Greenwich university, to peer into the murky world of utility financial flows.


Trigger warning: John Stuart Mill, private monopolies and nationalisation are all discussed. 


Presented by Jonathan Ford and Neil Collins.

With David Hall.

Produced and edited by Nick Hilton for Podot.

In association with Briefcase.News

More episodes

View all episodes

  • The Amazon Octopus

    27:31
    When Jeff Bezos founded Amazon in 1994, it was an online bookshop. Now its tentacles are everywhere: it's a marketplace for third party goods from around the world, a huge cloud computing business and America's largest parcel delivery group. But is this a good thing or a bad one? We talk to Dana Mattioli of the Wall Street Journal about whether Amazon is the consumer''s friend or a monopolist to rank with Rockefeller's Standard Oil.Presented by Jonathan Ford and Neil Collins.With Dana Mattioli.Produced and edited by Nick Hilton for Podcast.In association with Briefcase.News
  • Michael Jensen: High Priest of Greed

    23:42
    The economist Michael Jensen, who died this month, did as much as any single thinker to shape modern financial capitalism. To his detractors, he was the High Priest of Greed who justified stratospheric CEO pay and predatory private equity. His admirers believe he revived Anglo Saxon capitalism. We discuss his ideas and legacy with the independent researcher and private equity expert Peter Morris. Presented by Jonathan Ford and Neil Collins.With Peter Morris.Produced and edited by Nick Hilton for Podcast.In association with Briefcase.News
  • Fallen Angels: Thames Water Circles the Plughole

    24:16
    A natural monopoly delivering an essential service, Thames Water was privatised in 1989 with no debt. Now it's on its knees, crushed by more than £15bn of borrowings. Neil and Jonathan talk to Feargal Sharkey about what this says about Mrs Thatcher's most controversial privatisation, whether incentive regulation works, and whether we should just scrap the whole private structure and start again.Presented by Jonathan Ford and Neil Collins.With Feargal Sharkey.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News
  • Fallen Angels: GEC/Marconi - From Bellwether to Basket Case

    23:42
    GEC was a British manufacturing titan; a cash-rich producer of everything from washing machines to railway trains. Then in a few years, it rebranded and restructured, shedding most of the old industrial bits to focus on telecoms. The result? By 2005, shiny new Marconi was no more. In the second of our Fallen Angel series, we talk to industrial historian Nick Comfort about one of the most abrupt collapses in UK corporate history and its heavy industrial cost Presented by Jonathan Ford and Neil Collins.With Nicholas Comfort.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News
  • Fallen Angels: The Fall of the House of ICI

    23:55
    For decades ICI was Britain's largest manufacturing company - a giant fixed point around which the rest of industry orbited. Then, in little more than a decade, it split itself up, sold many of its traditional businesses, and ran up big debts buying fancy but not very profitable fragrance companies. In 2006, the end came when it sold itself to a Dutch company and disappeared. We talk to writer and industrial commentator Nick Comfort about the fall of ICI and what it says about the way the UK economy has been run.Presented by Jonathan Ford and Neil Collins.With Nicholas Comfort.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News
  • The Internet, AI, And the Madness of Crowds

    26:40
    Remember Pets.com? Or Ask Jeeves? The dot com bubble of 25 years ago might have been a seismic event in markets. But was it just a collective moment of madness, or a deeper transformational moment? Or both? As AI stocks shoot towards the stratosphere, we talk to internet historian Brian McCullough, host of the Techmeme Ride Home podcast, about what we can learn from the last great tech bubble.Presented by Jonathan Ford and Neil Collins.With Brian McCullough.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News
  • The Economic Consequences of Roger Bootle

    24:12
    One of Britain's better-known economic forecasters, Roger Bootle, set up his consultancy Capital Economics 25 years ago. He made his name predicting the "death of inflation" on which he wrote an influential book in the 1990s. We discuss the importance of economic history, favourite writers, monetarism, bright spots in the world economy, and Britain's many problems with growth.Presented by Jonathan Ford and Neil Collins.With Philip Augar.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News
  • BP, Black Monday and Nigel Lawson's Big Bet

    23:15
    In the second of our series on Privatisation and Popular Capitalism, we look at the biggest and riskiest privatisation of all - the 1987 sale of the UK's 31% stake in BP. How the Chancellor Nigel Lawson gambled that the markets were good for a quick £7bn. Prepare for the world's shortest pricing meeting, diplomatic rows with Kuwaitis and lots of long faced underwriters. And our guest Philip Augar delivers the verdict: was it a disaster narrowly averted or a triumph for the new City of London?Presented by Jonathan Ford and Neil Collins.With Philip Augar.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News
  • Tell Sid: Popular Capitalism and the Thatcher Revolution

    25:59
    Along with the sale of council houses, privatisation was a signature theme of Mrs Thatcher's government. Its aim was not just more efficient businesses, but a "share owning democracy" that would purge Britain of the "corrosive effect of socialism". With its "Tell Sid" campaign, British Gas was the high water mark of privatisation. Neil and Jonathan talk to author Philip Augar about "stagging", Cedric the Pig and how privatisation changed the City. Presented by Jonathan Ford and Neil Collins.With Philip Augar.Produced and edited by Nick Hilton for Podot.In association with BRIEFCASE.NEWS