Turn failing water firms into not-for-profit cooperatives, MPs and mayors tell PM
MPs and mayors have proposed converting struggling water companies into not-for-profit cooperatives to give the public greater control without increasing government debt. This approach, supported by a report from the Good Growth Foundation, aims to address issues like sewage pollution and underinvestment by involving local communities in management. The idea is being considered as an alternative to nationalisation, particularly for Thames Water, which is nearing financial collapse. The proposal seeks to balance public oversight with financial responsibility.
UK MPs and mayors are suggesting turning failing water companies into not-for-profit cooperatives to avoid government debt and improve public control.
This approach could offer a way to address water company failures without nationalising them, potentially improving service and environmental standards.
It highlights a collaborative, community-focused solution to a complex problem, showing how public and local leaders can work together for long-term change.
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