Comment on Thames Water creditors accused of ‘shuffling deckchairs’ with plan for new board
CompactFlax@discuss.tchncs.de 7 hours ago
Current value = assessed value of assets less the assessed investment and maintenance gaps, and just have the government seize it.
zedcell@lemmygrad.ml 4 hours ago
They basically already seized the Chinese steel company running Northern steel by doing something similar (and actually in that instant a massively scummy move that punished a company that actually held up its side of the investment bargain).
One is OK because it ‘punishes’ a geopolitical rival, and the other is a no-no because too many British pensions are invested in these private utilities.