The tame and ultra-compliant chair of this review accepted the commission to prepare it because, no doubt, he agreed with the massive untruth propagated by Steve Reed in the above exchange. As my research has shown, taking environmental considerations into account (or even just part of them) means that every single English water company is… Read More »Ah, yes, but….. The post Ah, yes, but….. first appeared on Tim Worstall.
The tame and ultra-compliant chair of this review accepted the commission to prepare it because, no doubt, he agreed with the massive untruth propagated by Steve Reed in the above exchange.
As my research has shown, taking environmental considerations into account (or even just part of them) means that every single English water company is likely to be bankrupt.
The usual value of a bankrupt company on sale is £1, and nor is the acquirer obliged to take on any or all of the debt obligations at face value. However, if they were to do so, they would simply accept them and pay nothing for them. In that case, the debts are simply cleared over time, and no money changes hands to debt financiers on the takeover date.
But if you take those – puerile and invented as they are – environmental considerations into account then Scottish Water is equally – if not more so – bankrupt. So what now Emeritus Professor Murphy?
The post Ah, yes, but….. first appeared on Tim Worstall.
