From the British Blue Community ‘We Own It’:
Government’s worst case scenario for nationalising water still leaves households better off.
Almost everyone acknowledges that water privatisation has failed. The main argument the government now uses against public ownership is the cost of buying back the water companies.
New research from the University of Greenwich has found that an average of 35% of customer bills in 2023-2024 was taken out to pay for the interest on the companies’ ever-growing debt piles, and to pay dividends to the shareholders.
You are paying a privatisation tax for the dividends and debt of these companies.
