England’s water can be renationalised without compensation, activists say

Campaigners cite previous court rulings against shareholders, such as in the case of Northern Rock bank

Parliament could renationalise the water industry in England without being obliged to compensate shareholders, according to previous UK court judgments cited by campaigners.

Activists are putting mounting pressure on the government and opposition parties to look again at the privatised water system after criticism that the industry is not acting in the public interest.

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from The Guardian https://ift.tt/LauZUnw