Labour MP Steve Reed claims it'd cost "Upwards of £100bn to Nationalise Water". This is a huge lie. - eviltoast

This £100 billion figure is from a report funded by the Privatised Water Industry to lobby against Nationalisation.

Why is a Labour MP regurgitating industry lies?

  • manualoverride@lemmy.worldEnglish
    61·
    3 months ago

    There is another way… the new government regulator can force terms on the water companies that limit bill hikes, pay, dividends and bonuses until the upgrades they were supposed to do over the last 40 years are completed and their debts are repaid.

    The pensions take a bit of a hit without wiping them out and the government is just ensuring the vital infrastructure is upgraded and sewage is treated as promised when they privatised.