bollieboy
Well-known member
Good article on the political reasons for privitisation and the subsequent failures since.
If you follow the argument to its logical conclusion it would be more beneficial to the country to nationalise the water companies paid for by the issuing of government bonds.
Scottish Water remains publically owned and does not have the sewage discharge issues that the privatised water companies do. In addition the average residential bill in Scotland is 7 % lower than those in England and Wales.
Thames Water is nearly 9 % government owned ...... unfortunately it is the Chinese government that owns those shares.
If you follow the argument to its logical conclusion it would be more beneficial to the country to nationalise the water companies paid for by the issuing of government bonds.
Scottish Water remains publically owned and does not have the sewage discharge issues that the privatised water companies do. In addition the average residential bill in Scotland is 7 % lower than those in England and Wales.
Thames Water is nearly 9 % government owned ...... unfortunately it is the Chinese government that owns those shares.
I worked on the privatisation of England’s water in 1989. It was an organised rip-off | Jonathan Portes
Taxpayers lost out, and consumers have paid through the nose ever since. This failed regime is long past its sell-by date, says economist Jonathan Portes
www.theguardian.com