When the water companies were privatised, back in 1989, the tax payers shouldered the massive debts they had previously incurred, so that the could be a prospect on the stock markets
However, after privatisation, not only did the business management did not improve, infrastructure spending went through the floor as shareholders were prioritised
The shareholders are mainly foreign investors and they have profited while our infrastructure deteriorated
Major shareholders have borrowed against the companies, so they are now shouldering more debt and increasingly unable to function
Sewage treatment, infrastructure upgrades, reservoir provision have been put on hold to pay and pay and pay with our money
Now the waste infrastructure can't cope with the increased rainfall during the autumn and winter months, the sewage treatment infrastructure is overwhelmed, the inadequate reservoirs can't cope with increased demand during the spring and summer months and the shareholders are refusing to bail out the companies they sucked dry for the last 35 years
To upgrade the entire system will cost more than HS2 has had thrown at it and the water companies, even though they've taken that amount of money from us over the decades, has no reserves and nothing to work with
As they are now such rotten financial prospects, they can't incur more debt by borrowing from/investing in the stock market as no one will deal with them
Renationalisation will cripple this country, but the stock market will do fuck all for us