Public Company Lawyer comments on potential renationalisation of water in the UK
INTERVIEW: Mishcon de Reya’s Tim Field
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Commenting on the possibility of renationalising water in the UK, Tim Field, Partner and Head of the Public Company group at Mishcon de Reya, said:
"The cause of the tensions are clear: the scale and cost of nationalising at a time when Brexit gives rise to many potential claims on the public purse, together with significant other uncertainties, should give pause for thought as to whether another £90bn of national debt is the most appropriate response at present.
"Ofwat should remain the focus, using the current debate as a platform to provide it with the tools and personnel to improve the control over pricing and investment."