Apr 13, 2019

Thames Water outlines 'nationalisation refund' if Labour enacts policy

Thames Water has told investors they will be able to demand their money back if a future Labour government renationalises the utility. In a document to the Irish Stock Exchange, Thames Water highlighted Labour's policy of renationalising the UK water industry, along with others such as gas, electricity and the railways. "The prospectus from Thames Water says investors will be able to demand their money back quickly, if a majority of the firm is taken over by the state." Under Labour's plans, ownership of the existing water and sewerage companies would be transferred to new Regional Water Authorities. Water was one of the last of Margaret Thatcher's major privatisations, with 10 large regional authorities - of which Thames Water was the largest - sold off in 1989.

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