The Future’s Blue!
Well-Known Member
- Joined
- 17 Dec 2019
- Messages
- 13,742
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- City
I didn’t realise that the privatisation contracts for water companies were completely different to what I thought they’d be. You’d think that there’s a straight forward get-out clause for the government to bring rogue companies under public ownership. Turns out that they set the bar so high, it’s basically down to the operator to hand the business over.Interesting dilemma coming up for the Govt. Apparently the private sector interested parties for the rescue of Thames Water want an immunity clause protecting them from prosecution for serious environmental crimes ie polluting the seas and rivers. If the package is not accepted it might be Govt supervised administration. Another success of private ownership of a monopoly
For me, I think the government are playing the long game and will push operators to the point where they have no choice to give it back, or forcing them to operate in a viable way that looks after the people that they serve.