Thames Water privatisation has failed – it’s time to put public ownership on the table.
By Barry Gardiner, Labour MP for Brent West, UK.
Who does Thames Water serve? It should be an easy question to answer: the public (or at least the 16 million people in England who rely on it for their water services).
Technically, of course, a company exists for the benefit of its shareholders. It is only fair, then, to look at how much equity they have invested in the company and what returns they have received. And yet these figures reveal that privatisation has not worked as intended.
