Who pays for water? People are furious that Thames Water is facing administration after shareholders withdrew reportedly £18billion of cash from the company. £18billion of our money that could have been used to invest in our infrastructure (or lower our bills)! Surely this shows that privatisation was a mistake and the solution is to take the company back into state ownership. Well actually, while some of that money was no doubt paid out of profits the company had made, most of it wasn’t “our” money at all, but shareholders’ money: money shareholders had put in to acquire their stake, which th…
