Nationalising Thames Water will not in any way threaten the stability of UK financial markets https://www.taxresearch.org.uk/Blog/2024/04/29/nationalising-thames-water-will-not-in-any-way-threaten-the-stability-of-uk-financial-markets/. Treasury sourced rumours that financial markets that nationalising Thames Water might cause massive upset in UK financial markets are deliberate misinformation intended to reinforce the Bank of England's policy of excessive interest rates.
@RichardJMurphy I read this as the debt management office saying Thames Water should be nationalised now to prevent loss of confidence. Aren't they saying nationalisation is the solution not the problem?
@RichardJMurphy I did wonder how the potential bankruptcy of a private company through unsustainable levels of debt, was supposed to spook the markets. Had it been a genuine (state-run) utility, I could understand but a private monopoly, Nah.