Letter: Sold abroad

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The Independent Online
It is incredible that about two- thirds of our electricity supplies are now chiefly owned by American companies ("Power: here we go again", Business, 15 June). That and the fact that many of our water companies are falling into overseas hands poses a major security problem. The Thatcher government was keen enough to go to war to see off a handful of Argentinians with appalling consequences for our soldiers yet our key resources have been handed abroad. If, as your report suggests, our regulatory mechanisms are weak-kneed, then it's time this Government took some radical measures to retain control over vital natural resources.

Lawrence Moore

London SW6