Richard MurphyJul 5, 2023
The case for water nationalisation is growing https://www.taxresearch.org.uk/Blog/2023/07/05/the-case-for-water-nationalisation-is-growing/. As the perilous state of Thames Water's finances becomes more apparent, the case for nationalisation of the whole sector grows ever stronger.
The stock market is failing according to the CBI. So why don’t we just let it go?

I posted this on Twitter this morning: https://twitter.com/RichardJMurphy/status/1942861045426516103 My point is serious. The CBI is saying that the situation with regard to the UK stock exchange is getting desperate, because it is losing out to overseas markets and not attracting sufficient business. The question that needs to be asked is, why is that?...

Funding the Future
Show threadJohn Bell 🇺🇦🇪🇺🔸🕷️🏴󠁧󠁢󠁷󠁬󠁳󠁿
@RichardJMurphy Thames Water’s finances are a complete disaster. They have borrowings that are about 7x turnover. The *only* reason for their borrowing is the amount of dividends paid to the owners. The government should let it go into administration, and buy it for £1
Jul 6, 2023 at 4:46pmWeb