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This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.

Specification:

  • Market structures, regulation, privatisation, nationalisation

Click to read the article and then answer the questions:

Yorkshire Water to pay down almost £1bn in debt to settle regulatory case

  • Explain what is meant by a ‘regional monopoly’

  • Outline the role of Ofwat

  • Explain what is meant by regulatory capture

  • Margaret Thatcher privatised water in England and Wales in 1989. Evaluate whether water should be in public ownership

Gavin Clarke, Emmanuel College

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