Thames Water has become a significant issue for Britain's new government, with its former owner turning the utility into a highly profitable entity until it broke down. The company now faces severe infrastructure problems, with £19bn of assets in poor or failed condition, posing risks to public safety. The debate over nationalising Thames Water is intensifying, with Treasury Officials and the UK Debt Management Office supporting nationalisation, while Labour's Shadow Business Secretary and Shadow Ministers oppose it. Critics argue that privatisation led to the current crisis and that keeping the utility in private hands would further endanger taxpayers, bill payers, and the environment.
What an absolute s**tshow, literally Thames Water admits its ageing assets are a risk to *public safety, water supply and the environment* Time to take back our vital PUBLIC assets like WATER 💧 from private companies that neglect them to make a profit https://t.co/yy2pxkzf4O
UK public tells Starmer and Sunak: ***Save Britain's Rivers*** All five policies in @theipaper rivers manifesto are backed by a large majority of voters. Details of @BMGResearch poll here: https://t.co/Q82qwOLNl6 https://t.co/CiUamUKPf2
Britain’s political parties should back the @theipaper manifesto to Save Britain’s Rivers, most voters believe with all the policies in the campaign strongly supported by the public 💧 @HugoGye reports https://t.co/mfLT2Bk0B6
So @thameswater has “19bn of assets in ‘poor’’ or ‘failed condition’ or are ‘no longer capable of reliably performing their function’, and are a ‘risk to public safety’”. Greed, profiteering and @ofwat’s demands that WCs “sweat the assets” to blame. https://t.co/hJWtMF1dhD
Supporting nationalising Thames Water: ✅ Treasury Officials ✅ UK Debt Management Office Against nationalising Thames Water: ❌ Labour's Shadow Business Secretary Privatisation got us into this mess. It can't get us out. Here's why it matters to you 👇 https://t.co/YXVsrJGqHh
Shadow Ministers have said they want to leave Thames Water in private hands. But you shouldn't have to pay to clean up the shareholders' mess. Read our blog on 6 ways Labour's position puts taxpayers, bill payers, and your rivers and seas at risk. 👇👇👇https://t.co/CXCKrXWXYx
Thames Water will be one of the first big political headaches for Britain's new government. This is the story of how its former owner turned a boring utility into a giant cash machine — until it broke. https://t.co/otQBN0O9Zl