RichardJMurphy, 4 months ago

The Tories are changing the law on water companies so that even if they fail the shareholders do not take a hit https://www.taxresearch.org.uk/Blog/2024/01/25/the-tories-are-changing-the-law-on-water-companies-so-that-even-if-they-fail-the-shareholders-do-not-take-a-hit/. Staggering new laws have been introduced that will allow water companies to fail but permit their shareholders to carry on owning these companies, so determined is the government to avoid nationalisation. Creditors would pay the price of failure instead. This is economic mismanagement on a gross scale.