Crisis, crisis, everywhere … why regulatory failure is at the heart of Britain’s many problems | Nick Butler

The potential collapse of Thames Water, sinking under £14bn of debt, is just the latest evidence that the regulatory regimes that oversee large parts of the British economy are failing.

It comes on the heels of Ofgem, the gas and electricity regulator, failing to notice that companies supplying power to consumers were undercapitalised and vulnerable to global price volatility. The rail regulator, Office of Rail Regulation (ORR), has failed to…