Since Thames Water is once again staring down a gun barrel, the £3 billion bailout it had runs out later this year, I thought it might be timely to remind us all of the “Economically illiterate”, cost govt comes up with to renationalise the water industry, you remember the £100 billion.
It is of course made up nonsense produced by a think tank in a report which was bought and paid for my United Utilities, Anglian Water, Severn Trent Water and South West Water.
By their calculations it would now cost £26,659,419,800 to nationalise Thames Water. 🤣🤣🤣
What a joke.
And now to my apology to
@krishgm. When I referred the other evening on
@Channel4News that using these calculations Thames Water would be worth £21 billion I was wrong. Using Ofwat's latest RCV and applying the SMF 1.3 multiplier Thames Water would now apparent be worth a stonking £26,659,419,800.
Not bad for a company that's effectively bankrupt.
3/3