Here the latest headlines about the (never ending?) disaster of water privatisation in the UK:
‘We cannot magic up more water’: the supply problems putting housing targets in England at risk. Council leaders say crumbling infrastructure and lack of water are jeopardising government’s plans for new homes. The Guardian
Turn failing water firms into not-for-profit cooperatives, MPs and mayors tell PM. (The Guardian yesterday). Prem Sikka, Emeritus Professor of Accounting. Member, UK House of Lords, comments: Corporate debt would be transferred to co-ops. Co-ops would borrow for investment at commercial rates, not govt rates. High debt and debt servicing cost, higher bills. Need public ownership.
