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This is the classic scam. Privatise an essential service. Load it with masses of debt, while investing the minimum it can get away with. Pay shareholders as much as it can get away with. When it collapses, walk away so the state has to pick up the pieces until it becomes viable again. Rinse and repeat.

#ThamesWater #Water #Privatisation

Thames Water shareholders refuse to inject more cash into ‘uninvestable’ company | The Independent
https://www.independent.co.uk/news/uk/home-news/thames-water-shareholders-funding-london-b2519896.html