New Economy
Saturday, 7/11, 04:37 AM
UK Plans Legally Binding Debt Limits for Water Companies
- The UK government plans to impose legally binding limits on how much debt England's water companies can carry, an attempt to stop a repeat of Thames Water's near-collapse under roughly 20 billion pounds of borrowing.
- It is part of a wider overhaul of a privatised sector criticized for paying dividends and piling on debt while sewage spilled into rivers.