It appears that Thames Water might need taking in to Government Ownership again. If you think about it how would placing a company in to the hands of the same people who run the NHS and half the train companies in the UK, and presided over the COVID cock-up actually help matters? What would help is a nice business loan, after all the Government have suggested rather than help families out with mortgages they should try and rearrange their finances to extend the debt and keep the capitalist machine going along smoothly.
Yes, the solution has got to be a nice business loan. Now I’m not saying I know anyone who is a position to lend anyone £14bn but I am here to do the maths for you as ever on this:
Customer: Thames Water
Loan Amount: £14,000,000,000 (fourteen billion pounds)
Interest rate: 10.4% (current average business loan rate)
Loan term: 20 years (240 payments)
Monthly payments: 138,834,031 (138 million 834 thousand and 31 pounds)
I should imagine they’ll add the usual sneaky little set up fee to the end.