16 water monopolies have paid out a total of £78bn in dividends, as Thames Water teeters on the brink
The £78bn payout is nearly half the £190bn the companies spent in the same three decades on infrastructure.
The £78bn payout is nearly half the £190bn the companies spent in the same three decades on infrastructure.
The cost of privatisation for bill payers and the environment
England’s privatised water companies are an example of vulture capitalism
‘The rot set in 1989, when the Conservative government privatised ten state-owned regional water boards’
Added inflation means that prices will continue to rise for consumers.
We need greater leadership from the government, not just to deal with household water bills, but to ensure that regulation of the industry is fit for purpose.
We need an ambitious approach to water reform and the future of our water resources. We haven’t seen much evidence of that from the government.