Water industry, Water bills, Business, Jonathan Reynolds, Politics, Household bills, Thames Water, UK news Business | The Guardian
Bondholders are hoping to escape intact if Ofwat is sufficiently generous with its increases in billsWhat is the new government’s policy on Thames Water? We’ll get a firmer guide – maybe – after regulator Ofwat gives its verdict on all the English and Welsh water companies’ business plans on Thursday. In the meantime, all we have to go on is this pre-election comment from Jonathan Reynolds, now the business secretary: “I wouldn’t want to see a nationalisation. I think there should be a solution that falls short of that.”That statement raises more questions than it answers, unfortunately. Which type of nationalisation would Labour not wish to see? A full-fat, permanent return to public ownership? Or also the temporary “special administration” variety in which Thames’s balance sheet would be straightened out before a return to the private sector? Continue reading…
Bondholders are hoping to escape intact if Ofwat is sufficiently generous with its increases in bills
What is the new government’s policy on Thames Water? We’ll get a firmer guide – maybe – after regulator Ofwat gives its verdict on all the English and Welsh water companies’ business plans on Thursday. In the meantime, all we have to go on is this pre-election comment from Jonathan Reynolds, now the business secretary: “I wouldn’t want to see a nationalisation. I think there should be a solution that falls short of that.”
That statement raises more questions than it answers, unfortunately. Which type of nationalisation would Labour not wish to see? A full-fat, permanent return to public ownership? Or also the temporary “special administration” variety in which Thames’s balance sheet would be straightened out before a return to the private sector?
