Thames They Are A-Changin'
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Thames Water's Fear of Going Bankrupt
The fear is that Thames Water won't be able to make those debt repayments. It will eventually potentially have to be bailed out, maybe not forever, but for a period of time by the government. The total debt of this sector is about 60 billion pounds. They were debt free back in 1989. So it's gone up to 60 billion and there could be others to follow. But even socialist brands knows all privatized water is a better deal than nationalized water.
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