The public has paid almost £200bn to the shareholders who own key British industries since they were privatised, research reveals.
The transfer of tens of billions of pounds to the owners of the privatised water, rail, bus, energy and mail services comes as families face soaring bills, polluted rivers and seas, and expensive and unreliable trains and buses.
As a result, citizens have been paying a “privatisation premium” of £250 per household per year since 2010 alone, the analysis found.
Recent focus has been on the privatised water industry, which has run up long-term debts of £73bn and paid out dividends of £88.4bn in the past 34 years at the same time as overseeing record sewage spills, according to the latest figures.
The Guardian view on privatisation: the god that failed
