‘Complicated and expensive’: Burnham is right about the risks of nationalisation | Nils Pratley

Track record of Welsh Water shows public ownership is not the answer to all the woes in the utilities sector Good news for Andy Burnham: one of the original 10 water privatisations from the Thatcher-era has returned to public ownership already. Thanks to a complicated turn-of-the-century corporate saga, Welsh Water, serving 3 million people, converted to not-for-profit status in 2001. It has no shareholders. Financial surpluses go “straight back into keeping bills down and looking after your ...

By Nils Pratley