Thames Water Company Report

The reporting of Thames Water being on the brink of collapse owing millions has been a major shock for many, including its 15 million customers! But should it be? Since the privatization of the water companies in 1989, 9 of the 15 water and sewage companies are owned by ‘special purpose companies. They’ve been set up to buy water utilities and are made up of private equity funds, sovereign equity funds, and pension funds.

When the privatized companies started out, they had no debt. By 2022, the sector will be in debt to the tune of £60.6 billion.

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