Populist party’s deputy leader says heavily indebted utility should ‘be put out of its misery’
Thames Water should be “put out of its misery” and renationalised, according to the deputy leader of Reform UK, in a sign that the backlash against water privatisation has become an increasingly populist issue. Richard Tice told the Financial Times that the situation at the heavily indebted UK utility was “completely untenable” and that City financiers were trying to “rip off consumers even more” with high interest loans and millions in fees.
In the US, meanwhile, vice-president elect JD Vance has called for more unionisation of workers in the private sector to protect jobs and drive up wages. The UK Labour government has said it favours a private-sector solution to the crisis at Thames over special administration, under which the state temporarily takes control of a company to ensure it remains in operation.
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