The Social Market Foundation calculated the likely cost of renationalisation to be £90bn, asserting it would impose a major burden on public finances already under pressure.
Sir Dieter Helm, an economist, criticized the economic rationale of the analysis, labeling it as economically illiterate, which raises questions about the validity of the cost estimates.
Moody's rating agency has disputed the £90bn figure and stated that nationalisation could actually cost £14.5bn, suggesting that the initial analysis may be overstated.
Despite the concerns over nationalisation, Environment Secretary Steve Reed reiterated that it remains off the table, insisting that it would not solve the ongoing sewage crisis.
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