As Michael Gove summoned water companies to a meeting to discuss continued leaks and potential hosepipe bans, Robert Colvile joined Emily Maitlis to debate if the water corporations should be renationalised.
Debating Faiza Sheehan, Robert highlighted the cost of such a step would be over £80bn and require additional borrowing - as calculated by the Centre for Policy Studies in 'The Cost of Nationalisation'.
Robert also noted that water privatisation was done precisely because investments were not being made in maintaining infrastruture and since privatisation leaks were down by over a third.
“One of the big reasons privatisation happened was because there were too many leaks,” says Robert Colvile, director of the Centre for Policy Studies. He says since then “leaks are down by a third and interruptions are down by fivefold.”@rcolvile | #newsnight pic.twitter.com/Z9cuAwYSr3— BBC Newsnight (@BBCNewsnight) July 31, 2018
'The Cost of Nationalisation' can be downloaded from the CPS website.