Thames Water fiasco: lessons to be learnedÂ
One of the key Thatcherite mistakes was to break the national monopolies into too many smaller groups.
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One of the key Thatcherite mistakes was to break the national monopolies into too many smaller groups.
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.
She deserves a bonus. Meanwhile, business as usual, eh chaps?
Neil Collins’ Notebook: The choice for the water company executives is clear: behave better, or face a growing legal challenge from an increasingly well-funded group of very cross people.
Neil Collins’ Notebook: From the water to the energy industry, it’s clear that privatised companies choose how and when they are regulated.
Condescending advice is being issued to the public, while water companies are mimicking the “do as we say, not as we do” approach of many government officials during lockdown.
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