Basically admitting they lend to companies with bad fiscal policy. Based on expecting UK tax payers to fund the debt.
But honestly what worries me more. The gov has nothing to lose. They know they cannot win the next election. At best they can minimise the losses. So burdening the next gov with debt dispite public hate for privrate utilities as a whole. Can not really harm them.
Basically admitting they lend to companies with bad fiscal policy. Based on expecting UK tax payers to fund the debt.
But honestly what worries me more. The gov has nothing to lose. They know they cannot win the next election. At best they can minimise the losses. So burdening the next gov with debt dispite public hate for privrate utilities as a whole. Can not really harm them.