Lenders to Thames argue that forcing them to incur losses on their debts would also drive up the cost of borrowing for all UK water companies, and potentially other utilities such as gas and electricity.
Basically admitting they lend to companies with bad fiscal policy. Based on expecting UK tax payers to fund the debt.
But honestly what worries me more. The gov has nothing to lose. They know they cannot win the next election. At best they can minimise the losses. So burdening the next gov with debt dispite public hate for privrate utilities as a whole. Can not really harm them.
Lol, get fucked.
Basically admitting they lend to companies with bad fiscal policy. Based on expecting UK tax payers to fund the debt.
But honestly what worries me more. The gov has nothing to lose. They know they cannot win the next election. At best they can minimise the losses. So burdening the next gov with debt dispite public hate for privrate utilities as a whole. Can not really harm them.