Anthropic warns of ‘existential risks to humanity’ from AI; AstraZeneca makes $2bn cancer drug tie-up - business live
UK Prime Minister Andy Burnham has announced plans to repeal the ban on public ownership of water companies, citing poor performance and environmental failures. Following the announcement, shares in major water utility companies saw a slight decline.
Why it matters
The potential shift toward public ownership represents a significant change in UK utility regulation and market sentiment regarding private infrastructure management.
Shares in UK water companies are dipping on the stock market, after UK prime minister Andy Burnham pledged to repeal a ban on the public ownership of water companies.
Speaking at the Labour Party conference in Liverpool today, Burnham cites the water industry as a symbol of what has gone wrong with Britain.
Burnham says the water companies have “siphoned out easy money while the public picked up the bill for the sewage in our seas.”
He goes on to promise tougher regulation, saying:
double quotation mark It stinks. I will not allow it.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in