Current value = assessed value of assets less the assessed investment and maintenance gaps, and just have the government seize it.
Thames Water creditors accused of ‘shuffling deckchairs’ with plan for new board
Submitted 8 hours ago by Wurzl@lemmy.zip to unitedkingdom@feddit.uk
Comments
CompactFlax@discuss.tchncs.de 7 hours ago
zedcell@lemmygrad.ml 3 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.
waz@feddit.uk 4 hours ago
Nationalise now!