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+--- Thread: Liberal Party NEC Statement – The Viability of Thames Water as a Business (/showthread.php?tid=932)
Liberal Party NEC Statement – The Viability of Thames Water as a Business - ReadingLib - 04-01-2024
The Liberal Party notes with concern increasing media reports on the long-term viability of Thames Water.
An urgently needed injection of fresh capital is reported to have been withheld by its shareholders as they believe the company to be no longer financially viable, saddled with a debt pile of over £18 billion pounds.
The Liberal Party rejects any concession being given to its owners over its refinancing, such as increasing consumer bills by 40% or a resumption of dividend payments as unjustified and unwarranted.
The Liberal Party has a well-established policy of bringing the water companies back into public ownership. This would protect both consumers and the wider environment from pollution, over extraction and the wastage of one of the most precious of natural resources, fresh water.