"in almost all cases, a well-run private sector company with good regulation...will produce a much better service, at a much better cost". This may be true, but those who take this line are now in a position where you have to prove that the British state is capable of good regulation. OFWAT has just proved in spades that it was not, allowing an outrageously extractive maxing up of debt and dividends by Thames Water shareholders.
"in almost all cases, a well-run private sector company with good regulation...will produce a much better service, at a much better cost". This may be true, but those who take this line are now in a position where you have to prove that the British state is capable of good regulation. OFWAT has just proved in spades that it was not, allowing an outrageously extractive maxing up of debt and dividends by Thames Water shareholders.