Private investors could keep stake in England’s water under Burnham plan

Private investors may maintain a long-term presence in England's water sector under reforms being considered by the Burnham government. This approach would aim to balance bold rhetoric with practical constraints, allowing for a "multi-stakeholder" model that involves private investors, workers, customers, and government or local authorities.

The system, likened to a "pie chart," could facilitate a gradual transition away from the fully privatized water model that has existed since 1989. However, it might disappoint some left-leaning campaigners and trade unions who favor stronger public ownership. Officials acknowledge that the government is still debating various models, from fully privatized to fully nationalized, and that a decision is not imminent.

The reforms come as England's water and sewerage companies manage aging infrastructure that often leads to sewage leaks during heavy rain, and as the country grapples with a drought that has left thousands without tap water access. The government has pledged to end neoliberalism and ensure public control, but has not yet provided detailed plans on how this will be achieved.