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Sure, and what would happen if the gov ran the system? It's a 300bn fix. The only difference would be that you wouldnt know about it. Thankfully MPs are incent

• smcl 2y ago
  Well "the gov" does run the system in Scotland. Scottish Water, which didn't suffer privatisation, ticks over nicely - providing high quality service at low cost and reinvesting any profits. You're inventing a hypothetical nightmare scenario while ignoring a very real and positive one because it's inconvenient for your "privatisation = good" argument.
• phatfish 2y ago
  How would the government be able to hide that? There is oversight of the Treasury by the OBR and there is more than one political party in the UK, opposition MPs happily point out all the failures of the party in power. My view is that it is easy to accuse government services of being dysfunctional because there is far MORE transparency than for private companies. Bankrupting a water company can happen in plain sight by a private company because money that was supposed to be used to, you know, build a functioning sewage system is fed through a maze of offshore accounts for years.