The company’s own auditors have warned that it may run out of money next summer. Thames Water is a failed privatisation and might as well be taken over by the state.
The task of the Competition and Markets Authority is to try and ensure that there is proper competition, not to dictate what is a reasonable profit margin.
Regulators have the power to drive economic growth – or to stifle it entirely. We need to start thinking seriously about how, why, and when we regulate.
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