But renationalising firms taken private in Thatcher era would ruin Tories politically
Thames Water, which is drowning in debt, has been under fire for years over releasing untreated wastewater into rivers and seas. (Photo: AFP)
LONDON: Britain’s biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills — the nation’s vital sectors are mired in chaos decades after their controversial privatisation.
Sold off in the 1980s and 90s under Conservative prime ministers Margaret Thatcher and John Major, state-run utilities and British Rail were split into several companies, unleashing fresh investment but also huge executive bonuses,…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
