<\/p>\n
\n In his speech at the Labour Party conference, Andy Burnham said Environment Secretary Dame Angela Eagle would present a \u201cstrengthened Water Bill to Parliament\u201d.\n<\/p>\n
\n \u201cThe centrepiece of that Bill will be this: the repeal of Margaret Thatcher\u2019s ideological ban on public ownership of water companies,\u201d he said.\n<\/p>\n
\n It raises the spectre of a possible temporary nationalisation of debt-laden Thames Water as the government looks to decide on a \u00a310 billion rescue takeover put forward by lenders for the UK\u2019s biggest water supplier.\n<\/p>\n
\n READ MORE: Jeremy Clarkson issues bold update on TV future\n<\/p>\n
\n The government has remained tight-lipped on any plans for a so-called special administration regime for Thames Water, despite the company warning it only has enough money until the year end.\n<\/p>\n
\n Mr Burnham told the Labour conference: \u201cWater is a symbol of what has gone wrong with Britain \u2013 a service where the shareholders never lose and the public never win, from which some have syphoned out easy money while the public picked up the bill for the sewage in our seas. It stinks.\u201d\n<\/p>\n
\n He said the new water bill will \u201cstart a 10-year journey to a very different water system, it will strengthen public control, mayors will have new powers to hold water companies to account, with tougher consequences for those which repeatedly fail. It will close the loopholes used to pay excessive bonuses\u201d.\n<\/p>\n
\n \u201cWhere private companies serve the public interest, we will support them \u2013 but the consequences will be clear for those who do not, including taking back control or ownership,\u201d he added.\n<\/p>\n
#announces #law #public #ownership #water #firms<\/p>\n","protected":false},"excerpt":{"rendered":"
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