Quilter analyst says UK water nationalization risk persists as Labour lifts public-ownership ban
Bitget2026/09/29 16:01- Quilter analyst Phil Ross said UK utilities shares ended modestly lower during Andy Burnham’s Labour conference speech as policy uncertainty persisted.
- Burnham confirmed plans to lift the ban on public ownership of water companies, keeping nationalization risk in focus for the sector.
- Ross said state ownership remained a meaningful possibility for Thames Water, with a creditor plan still expected for Ofwat and government review.
- He estimated equity costs plus required capex for a water industry acquisition could exceed GBP 200 billion, straining fiscal headroom.
- Ross said the proposed GB Grid would likely have limited impact, citing roughly GBP 70 billion of planned networks capex by SSE and National Grid.
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