A privatized UK water company didn't put away enough to cover its pension obligations, and has lostthe suit todump those costs on the public.

Britain's privatized water companies have skimped on employees' pensions as well as on maintenanceof facilities. That should no be a surprise; that is what one should expect of privatized publicservices. With any luck, this will drive the companies bankrupt, which would make it possible tonationalize them without paying any "compensation", and thus put an end to the whole foolish Torystory of privatizing them.