@localzuk@ohai.social
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localzuk

@localzuk@ohai.social

All views my own. IT Manager in UK MAT.

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localzuk, to UKpolitics
@localzuk@ohai.social avatar

Why would the nationalisation of Thames Water end up putting its debt on the public books? If a company goes bust, and the govt buys the remains, surely the investors simply lose their investment and the debt falls to zero?

They want water companies to operate as profit makers, so they should accept when they go bust too.

Ofwat poised to refuse most suppliers’ requests for big price rises | Water industry | The Guardian
https://amp.theguardian.com/business/article/2024/may/28/water-watchdog-suppliers-price-rises-ofwat-bills-thames-water

localzuk,
@localzuk@ohai.social avatar

I can understand taking on operating debt - I.e. paying what is owed to the companies supplying them so that there's no supply chain contagion, but the investors? The gamblers? Let them fail.

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