Thames Water should be nationalised, says Andy Burnham
Summary
Andy Burnham, Labour’s candidate in the Makerfield byelection, said that nationalising Thames Water, England’s largest water company, is a possible option under his leadership. Thames Water has large debts and pollution issues, and Burnham wants more public control to stop high bills and excessive profits.Key Facts
- Thames Water is England’s largest water company, serving about one-quarter of the population.
- The company has about £20 billion in debt and is close to collapse after years of private ownership.
- Thames Water has been fined for polluting rivers and the environment.
- The government is deciding whether to temporarily nationalise the company or accept a deal involving debt write-offs.
- Andy Burnham supports nationalising Thames Water to put it under public ownership.
- Burnham also wants to ban water companies from raising bills while paying dividends to shareholders.
- The Labour leader, Keir Starmer, promised to reform water companies but has not moved to nationalise them.
- Current laws have loopholes allowing water company executives to earn large bonuses despite poor environmental records.
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