Monday, August 11, 2008

A License to Print Money

Unlike public sector pay, but like gas and electricity prices, it appears water bills are on course for an above inflation increase. No problem, if you are unhappy with the price or service, you can simply switch to a different company thanks to the wonder of privatisation.

Hang on a minute, we cannot. Domestic water supplies are provided by monopoly providers accountable to shareholders rather than customers. Another botched Conservative privatisation.

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