While I don’t disagree with your opinion on privatisation, not sure why you think it should cost the taxpayer a penny to ‘acquire’ Thames or any other of the indebted water companies, the Shareholders & Lenders knew the risks
It will never cost the tax payer a penny.
But they will use public money (new money) and build it back up and hand it back to the private sector, for sure.
Best off to just to damn nationalise the whole lot – there are no good arguments these days for water privatisation.
Both parties on the same page with this – but it’s bluster.
This is probably the first glimpse of total failure of public utility needing public money to survive. I’m all for the government putting their hands in their huge pockets but they must not return it back to the private sector.
We will see how the country is financed very soon when the government who is the backstop for failed industry creates the money needed when things are too big to fail.
Tories might just want to pass this shit on to Labour though.