localzuk on Nostr: Why would the nationalisation of Thames Water end up putting its debt on the public ...

Why would the nationalisation of Thames Water end up putting its debt on the public books? If a company goes bust, and the govt buys the remains, surely the investors simply lose their investment and the debt falls to zero?

They want water companies to operate as profit makers, so they should accept when they go bust too.

#UKPol #UKPolitics

Ofwat poised to refuse most suppliers’ requests for big price rises | Water industry | The Guardian
https://amp.theguardian.com/business/article/2024/may/28/water-watchdog-suppliers-price-rises-ofwat-bills-thames-water