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Yep, sounds like a local authority owned enterprise, charging top dollar on the assumption this will make a profit for the taxpayer! It's complete bull, this privatisation thing and all local authorities are involved in it in some sense or another. I think the philosophy behind the state setting up private companies to fulfill infrastructure or social welfare need is completely flawed. The idea that the 'market' was a homogenous place that could provide services and make a profit has done nothing but transfer public money from public to private hands.
I'm sorry but we have just had 13 years of Labour who could have sorted out a majority of the issues you are speaking about, what did they do about them... pretty much nothing except stick their own snouts into the trough
"Britons shall ne'er ever be slaves."