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No water firm privatisation

THE Scottish Government has flatly denied claims that Scottish Water would be privatised if Scotland became independent.

Reports said Alex Salmond would make a U-turn on his opposition to the move and change it into a public benefit corporation like Network Rail.

Selling it off could raise up to £2.7 billion, and it was claimed that Mr Salmond had hinted at the move earlier this year when he said Scottish Water was a successful company which could "cheaply and easily" borrow from financial markets but due to its status was restricted to borrowing from the Scottish Government capital allocation.

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