Britain Re-Nationalizes Water

According to Labor shadow chancellor, the coming Labor government will re-nationalize the water industry.

"Water bills had risen by 40% in real terms since privatisation of the industry in 1989. In 2016-17, the forecast average for water bills was £389 per household. McDonnell claimed that in 2017, privatised water companies paid out a total £1.6bn to their shareholders. Since 2010, the total was £13.5bn.

Michael Roberts, the chief executive of Water UK, which represents private water companies, said McDonnell was completely mistaken: “It’s wrong for Labour to suggest that our water system is broken. Water companies secure capital provided by lenders and shareholders, who need water companies to make a return in order to finance significant improvements to the industry."

Less than a decade ago, British water industry was totally re-organized. Now again they want to expropriate the water companies. Britain is rich in water but if they keep playing with it, they will drink - once more - sewage. 

My interpretation: Britain is seriously disoriented, zigzagging and confused. It pains me because I am a lifelong Anglophile.