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1 month ago

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The Standard View: Failing Thames Water has been rinsing us all

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The Standard View: Failing Thames Water has been rinsing us all

Thames Water, like other water companies, had no debt at the time of privatisation. But since 1989, these utility firms have borrowed vast sums to pay out more than £65 billion in dividends. Privatisation was of course supposed to drive investment. Instead it has fallen. Taxpayers and bill payers have been rinsed, and it is not over yet.

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The Standard View: Failing Thames Water has been rinsing us all

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The Standard View: Failing Thames Water has been rinsing us all

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