Welcome to the A Long Time In Finance Podcast; the long view of finance, markets and money as seen by two veteran City editors, Neil Collins and Jonathan Ford. Sponsored by Briefcase.News and hosted on Reaction.

England’s water utilities have been under fire for leaks and discharging sewage into the rivers, something we are told they don’t have the cash for. So why are they paying out huge dividends, which almost tripled last year to £1.4bn? Neil and Jonathan are joined by David Hall, visiting professor at Greenwich university, to peer into the murky world of utility financial flows.

Trigger warning: John Stuart Mill, private monopolies and nationalisation are all discussed. 

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