Regulator accused of letting hedge funds control Thames Water.
TW shares worthless, shareholders won't invest.
Lenders in control, want public money, will continue to extract cash. OFWAT approved price hikes, likely to suspend fines.
Must nationalise to end crisis.
https://archive.ph/vr4UK
TW shares worthless, shareholders won't invest.
Lenders in control, want public money, will continue to extract cash. OFWAT approved price hikes, likely to suspend fines.
Must nationalise to end crisis.
https://archive.ph/vr4UK
Comments
We must take it back debt-free though - ie leave the debts with those currently holding it - given we took on the debt at privatisation, leaving it debt-free and 'ready to invest in a way only the private sector can' as the Tories will have said back then.
No no no👿