Even if nationalised, our water infrastructure still needs hundreds of billions of pounds investing in it to bring it up to an acceptable standard, and the government doesn’t have the money and has other priorities to spend it on if they magically got a surprise pile of cash. The only financially viable way to fix the problem in a hurry would be to seize past dividends from water company shareholders to cover the cost of doing the things the water companies were supposed to be doing (which would conveniently tank the share prices and make nationalising the water much cheaper), but lots of pensions are propped up mostly by water shares, so doing that would plunge lots of pensioners into poverty, which isn’t politically viable as the government’s already in enough trouble for perceived being mean to pensioners, and they can’t afford to support more impoverished pensioners.
We should nationalise them and don’t give them a penny. We can then fix this mess and then invest in our future.
Even if nationalised, our water infrastructure still needs hundreds of billions of pounds investing in it to bring it up to an acceptable standard, and the government doesn’t have the money and has other priorities to spend it on if they magically got a surprise pile of cash. The only financially viable way to fix the problem in a hurry would be to seize past dividends from water company shareholders to cover the cost of doing the things the water companies were supposed to be doing (which would conveniently tank the share prices and make nationalising the water much cheaper), but lots of pensions are propped up mostly by water shares, so doing that would plunge lots of pensioners into poverty, which isn’t politically viable as the government’s already in enough trouble for perceived being mean to pensioners, and they can’t afford to support more impoverished pensioners.