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Sign of the Times
Many years ago, journalists published a series of articles highlighting how the owners of Thames Water had, quite legally, gouged the system for all it was worth, often because Ofwat’s powers were over-limited. It has been clear since these articles were published that the privatisation of water companies has proven to be a fool’s errand. Let’s hope’s articles that many of the corporations they set up after privatisation were registered in overseas territories, which may have made their true ownership hard to understand.
