Because we were the fools who sold our water off to private companies.

And our beautiful private companies did what they do best. Rinsed every pound they could from those companies, and saddled the water companies with debt in order to rinse even more money.

And now they're going bankrupt ... or, at best, just staying afloat.

Needed capital investment? Long forgotten about ...

To do that they'll need to, you know, not raise debt to pay for the capital investment, there isn't any capacity for that. No, they'll need to double peoples water bills to pay for it.

And all of this over happened under the watchful eye of a "Regulator".

Has been one of the most absolutely disgraceful episodes in UK capitalism.

Thanks, Prime Minister Margaret Thatcher. You're a hero to some ... an absolute disaster to others.