Thames Water has failed its customers for far too long.
I believe in free markets and privatisation when they deliver competition, investment and better outcomes but when companies fail, there must be consequences.
Shareholders should lose their money. Creditors should take the hit too. Taxpayers and bill payers should not be left to pick up the bill for years of failure.
That is why I joined We Own It this week to call for Thames Water to be placed into Special Administration rather than allowing another deal that protects investors while customers continue to suffer.
Ofwat must stand firm and reject proposals that reward failure.
If you agree, you can help keep the pressure on by writing to Ofwat and urging them to reject the creditors' deal. 
