31% of UK water bills fund shareholder payouts and debt, not infrastructure, resulting in pollution and inadequate sewage response; critics call for government action.
Campaign group We Own It reports that 31% of UK water bills are allocated to shareholder payouts and debt repayment, rather than infrastructure maintenance or addressing sewage issues. This trend is expected to continue, with critics claiming privatization has led to increased pollution and inadequate responses to sewage crises. Thames Water, deeply in debt, might require a taxpayer bailout or significant bill increases. Campaigners demand stronger government action to resolve these problems.
September 10, 2024
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