The Guardian view on Thames Water: Andy Burnham should nationalise this failed monopoly | Editorial

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The Guardian view on Thames Water: Andy Burnham should nationalise this failed monopoly | Editorial

Bill payers should not fund another rescue for financiers of the water industry. Public ownership can end the cycle of extraction and failure This month, a cross-party parliamentary committee said Thames Water should be placed in temporary state control and that any takeover by its creditors should be halted. The MPs were right. The “special administration” regime keeps the taps running while shareholders are wiped o…