After a brief roar, OFWAT lets out a little mew and rolls over to have its tummy ticked by corporate interests.
this post was submitted on 07 Aug 2024
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UK Nature and Environment
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I mean, they're pretty much about to go under - do they even have the £104m to pay?
Does that matter? If you've only got £100 to your name and you break the law, the courts don't normally give a toss. You still have to pay lawyer fees and fines even if it means you go into debt.
Why should a for-profit company be treated any differently?
It might even be the catalyst to bring them back into national ownership and be rid of the root problem that made them break the law in the first place.
Well sure, but then is the British government on the hook for the debt that the investors are going to be calling in?
No.