Why can't the water companies go bankrupt? | The New Statesman podcast

If Thames Water is placed in special administration, the government will take on the company's debts of approximately 16 billion pounds. Subscribe here:    / @newstatesman   Privatisation and the pursuit of profit lead to the devastation of England’s waterways. Will Dunn, the New Statesman's business editor, wrote last week's cover story on Britain’s pollution crisis. In a podcast episode exploring Will's cover story, it was stated that if Thames Water is placed in special administration, shareholders will lose around 40% of their capital and the government will take on the company's debts of approximately 16 billion pounds. In response, a listener wrote in to ask why aren't the shareholders and bondholders totally wiped out? And why would the government take on the company debts? Read Will's piece here: https://www.newstatesman.com/environm... Listen to the Great Stink episode here: https://podfollow.com/new-statesman/e... -- The New Statesman brings you unrivalled analysis of of the latest UK and international politics. On our YouTube channel you’ll find insight on the top news and global current affairs stories, as well as insightful interviews with politicians, advisers and leading political thinkers, to help you understand the political and economic forces shaping the world. With regular contributions from our writers including Political Editor Andrew Marr and Anoosh Chakelian - host of the New Statesman podcast - we’ll help you understand the world of politics and global affairs from Westminster to Washington and beyond. Subscribe on YouTube:    / @newstatesman   Sign up to Morning Call, the daily UK politics newsletter from the New Statesman: https://morningcall.substack.com Subscribe to the New Statesman from just £1 per week: https://www.newstatesman.com/podcasto...