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Transcripts For BBCNEWS World 20240705

editor faisal islam. this is clearly a mess but the expectation in financial circles is that shareholders will provide the funds to keep thames water going. but the question is how did this come about in an industry that should be so simple, providing a product that everybody needs, and provided the monopolies of several million customers with no competition. and the answer is in hugely complicated structures, huge debts, and lots of regulation. the boss of thames water, sarah bentley, abruptly stood down on tuesday. she was battling to turn around the company after a legacy of under investment. let s discuss what s at stake with dr kate bayliss from the centre for water and development at soas university in london. thank you for being on the programme. faisal islam there talking and touching on some of theissues talking and touching on some of the issues why thames water is where it is. can you elaborate on that, please? on that, please? yes, well, thames on that, please?

Transcripts for BBCNEWS World Business Report 20240604 04:41:00

that you mentioned before. what is really important is that in the background we have this issue of unprecedented levels of government debt. at the same time as inflation, particularly core inflation is still very high and the ecb policymakers they gathered earlier this week in portugal, they have hinted at interest rates remaining high for longer, which is of course bad news for the affordability of government. crosstalk. can ijustjump in there. i m not sure if you heard gita gopinath the day before the central bankers met where she highlighted european economies that were at risk because of their high debt levels if interest rates continue to go up and up. she was suggesting, deputy head of the imf, that the ecb should maybe think about that more than trying to get inflation down. . , . than trying to get inflation down. ., , down. the ecb has a problem here, down. the ecb has a problem here. which down. the ecb has a problem here, which is down. the ecb has a problem here, w

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