The Answer to Thames Water Crisis Is Special Administration

The answer to Thames Water crisis is special administration

via Alamy/ T1BMN8The careful investigation into the water industry from Sir Jon Cunliffe could be summarised in one word: Thames. Whatever the sins and shortcomings of the rest of the industry, only Thames Water is on the brink of collapse.The next least-worst miscreant, Southern, is in the process of rescuing itself, helped - ironically enough - by Macquarie, the Aussie bank that set Thames on the path to perdition.As so often in this emotion-i…

Water could be nationalised for less than £20

We posted this short video this evening: English water companies are financially broken and polluting our rivers. So why is Labour ruling out nationalisation? Steve Reed says it costs too much. This video dismantles that claim and explains why nationalising water could cost less than a round of drinks. This is the transcript: Steve Reed MP is the UK Environment Secretary, the man who is responsible for the shit in our rivers, in other words, bec…

Haringey declares No Confidence in Thames Water

Following a Liberal Democrat motion, Haringey Council has unanimously declared no confidence in Thames Water. It also committed the council to requesting that the government place Thames Water into special administration, and made clear the councillors’ opposition to the company’s huge bill hikes and continuing payment of bonuses to senior staff. The timing of the motion in line with the publishing of Sir Jon Cunliffe’s review into the water sys…

Assembly Member calls on Reed to nationalise Thames Water

With backing of London Mayor Sir Sadiq Khan, Labour's Leonie Cooper calls for water utilities 'that put the needs of the public and the environment ahead of private profit' Senior figures in the Labour Party in London have joined calls for the urgent re-nationalisation of Thames Water, in the latest push-back against environment secretary Steve…