The great stink of Thames Water

The vast debt load on Thames along with higher interest rates, higher inflation, poor management and fines for breaching licence conditions appear to be pushing the company to the brink. These principles must be applied to deal with the past sins of Thames Water. In recent years, private water companies have asked to invest more than the regulator allows. Private water companies need to accept losses for risks they knowingly took. Get Thames Water right and the case for private ownership of utilities will be enhanced.

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