"The great stink of Thames Water." "Meeting the company’s demands would be the worst form of crony capitalism." It would indeed which is why TW should be allowed to fail. Not a penny of the public's money, you hear that @RishiSunak not a penny. ft.com/content/6ae233…
@Feargal_Sharkey @PaulHawes @RishiSunak Not a penny (more)
@Feargal_Sharkey @JWright330 @RishiSunak The commercial lenders, who provided the £ billions of debt, are also culpable. It 's their ability to preferentially secure their loans against assets or in the belief that the government would bail them out, that facilitated the extraction of unwarranted excessive 'profits'.
@Feargal_Sharkey @RishiSunak Even if TW were allowed to fail, the taxpayer would still be on the hook for the upgrading that privatisation was supposed to solve.E
@Feargal_Sharkey @RishiSunak Corporate UK should be taught that there is a consequence for business malpractice. Banks were given a largely mild rebuke following 2007-8 crisis. They were allowed to carry on serenely, having been properly allowed to re-liquudate with public money. Hardly anyone was sacked.
@Feargal_Sharkey @RishiSunak although the FT is (understandably) still very pro private ownership. It also references the water industry 2019 and 2023 investment plans - both of which, to me, look like works of complete fiction.
@Feargal_Sharkey @RishiSunak The grim inevitability of sticking plaster bailout heaves into view. Onwards to more privatised profits, nationalised debt and environmental vandalism. #sunakorswim
@Feargal_Sharkey @RishiSunak Let TW and their shareholders GO BUST!
@Feargal_Sharkey @cleggy261 @RishiSunak Talk about the Genocide for a change. Too scared?