Thames Water rescue deal at risk amid UK leadership uncertainty
Private equity delays Thames Water bid, fears change in Prime Minister and possible nationalisation. TW is bankrupt, abuses people. Must be nationalised at knockdown price. Finance industry is using its financial power to influence political choice for the people.
Yup; it’s bankrupt. They should invoke emergency powers to take it back into government control. No compo, no rewards back to shareholders. The public wouldn’t bat an eyelid.
Absolutely. And why do politicians keep saying it would be expensive to renationalize the water companies ? Just refuse to let them increase prices for underperformance & fine them properly for pollution. That should tip them over the edge into bankruptcy & they can then be renationalized for free.
Is bankrupt the correct description? The company has been plundered by its shareholders.