Britain's utility model is broken

Investors have been able to buy utility companies, replace the equity with debt and enjoy a licence to print money. This is intolerable, argues Martin Wolf.

Hosted on Acast. See acast.com/privacy for more information.

More from FT Martin Wolf

  1. 08:01Why the Irish crisis is such a huge test for the eurozoneDec 06, 2010
  2. 05:30Assets matter just as much as debtNov 25, 2010
  3. 07:03Ireland refutes the German perspectiveNov 23, 2010
  4. 07:14How to chart a course out of the Sino-American stormNov 19, 2010
  5. 06:25The IMF is giving some good fiscal adviceNov 19, 2010
  6. 07:51The Fed is right to turn on the tapNov 17, 2010
  7. 08:17Current account targets are a way back to the futureNov 04, 2010
  8. 06:34Britain has gone climbing without a ropeOct 28, 2010
  9. 08:05Why US voters are suing Dr ObamaOct 26, 2010
  10. 06:08A spending review for a diminished countryOct 19, 2010