RichardJMurphy,
@RichardJMurphy@mas.to avatar

Nationalising Thames Water will not in any way threaten the stability of UK financial markets https://www.taxresearch.org.uk/Blog/2024/04/29/nationalising-thames-water-will-not-in-any-way-threaten-the-stability-of-uk-financial-markets/. Treasury sourced rumours that financial markets that nationalising Thames Water might cause massive upset in UK financial markets are deliberate misinformation intended to reinforce the Bank of England's policy of excessive interest rates.

andrew,
@andrew@electro.social avatar

@RichardJMurphy I read this as the debt management office saying Thames Water should be nationalised now to prevent loss of confidence. Aren't they saying nationalisation is the solution not the problem?

junesim63,
@junesim63@mstdn.social avatar

@andrew @RichardJMurphy That may be so, but the underlying assumptions, which Richard is debunking, remain.

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