18 Feb 2025
BREAKING — the High Court just agreed Thames Water’s £3 billion privatisation bailout.
But your fight to bring Thames Water into public ownership can’t stop here.
The judgement will likely be appealed. Even if Thames Water is ultimately successful, it will still go bust soon. The firm could still run out of cash by September.
90% of the world runs water in public hands. Sign our petition HERE to bring Thames Water into public ownership.
So what happens next?
Today’s judgement won’t save Thames Water. Whatever happens next, change is coming.
Right now, private firms are bidding to become the new shareholders of the company. Without their cash, it will still go bust, despite today’s £3 BILLION bridging loan.
According to The Guardian, these firms are demanding the government appoints an administrator (so-called special administration), treating it as if it is insolvent.
Why? So the High Court can force existing creditors to take a hair cut on their debt, making it a more profitable business for the new owners as currently 33p in £1 goes on debts.
Effectively, they want the government to temporarily nationalise Thames water, spend billions cleaning it up, and then reprivatise it on the cheap.
You can’t let that happen. Sign the petition to take back Thames Water TODAY!
