go down the plughole

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go down the plughole

To fail or be squandered. Primarily heard in UK, Australia. My father's company is now going down the plughole because of the incompetent new CEO. All of our savings have gone down the plughole ever since Jack had his little gambling spree in Las Vegas.
See also: down

go down the plughole

be unsuccessful, lost, or wasted. informal
See also: down
References in periodicals archive ?
Failure to keep up the payments on your mortgage may result in the loss of your bank and the entire global financial system going down the plughole.
And as Palace, who were going down the plughole faster than your bathwater before he arrived, all but clinched safety, Pulis set them a 40-point target to make survival academic.
With the railways in a shambles, education going down the plughole, the NHS showing no signs of improvement regardless of how much taxpayers' money is thrown at it and immigration and asylum policy completely out of control, what is this government's priority?
Barney O'Finnegan from Grangemouth said: "It is no wonder that Scottish football is going down the plughole.
Don't play online casino games: You may win at first but it will all drain away and will be followed by a lot more of your cash going down the plughole.
These old toffs were so busy laughing that they didn't notice that their companies were going down the plughole.
These results come despite the economy going down the plughole on the watch of Messrs Cameron and Osborne.
I told them we were going down the plughole unless we did something.
A government source dismissed the accusation and added: "It was going down the plughole anyway.
First off, there's Elizabeth, whose idea for a vodka fruit drink looks like it's going down the plughole.