Water nationalisation ‘no panacea’
Len Shackleton quoted in Straits Times
Matthew Lesh writes in City AM
“Even if we want to punish water firm bosses for letting sewage and faeces end up in our oceans, nationalisation will only give us higher bills.
“But a state takeover is far from a panacea. It would not only be extremely expensive – either costing up to £90bn or requiring expropriating assets and turning the UK into a banana republic – while doing little to fix the underlying challenges.
“The French model may be hard to replicate – as it depends on competent state oversight, which seems to be lacking in the UK government. Nevertheless, the idea of a “back to the future” return of state control is only likely to result in higher bills and a dirtier environment.”
You can read the full article here.