South West Water's half-baked plan won't cool nationalisation fever | Nils Pratley

Utilities company’s plan to give customers free shares equates to only £25 per householdOne can guess at how the thinking went in the boardroom at Pennon, owner of South West Water. The Labour party is threatening to nationalise the water industry, so let’s try to defuse some tension by giving customers free shares. We’ll call it “a new deal” and talk about “empowering” people.Up to a point, one can understand the idea to do something eye-catching.