Southern Water wants to increase its bills by £436 a year, but is not expected to get approval.
  • IchNichtenLichten@lemmy.worldEnglish
    2·
    1 month ago

    but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout

    The shares would be almost worthless.

    plus “service all the debt the company is in” which is another bailout

    Nope, the company would be wound up.