Category: Water bills

Michael Gove has ‘zero sympathy’ for ‘arrogant’ Thames Water in funding crisis – business live

Live, rolling coverage of business, economics and financial markets as minister says water company’s leadership has been a ‘disgrace’The UK government has said it is prepared for “a range of...

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Water firms’ profits in England and Wales almost double since 2019, find Lib Dems

Party to call for measures to stop companies prioritising profit over environment at spring conferenceWater companies in England and Wales have almost doubled their profits since 2019.During this parliament, which started in...

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Thames Water lobbying government to let it increase bills by 40%

UK’s largest water company also calls for dividend payouts and lower fines for breaches to avoid taxpayer bailoutThames Water has been lobbying the government and regulators to let it increase bills by 40%, pay lower fines...

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Ofwat’s scheme to fine poorly performing companies ‘a gimmick’

Lib Dems dismiss plan saying water fines need to go to consumers rather than to the TreasuryA new scheme to fine water companies for providing poor service to customers has been dismissed as “nothing less than a...

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‘The whole thing stinks’: UK water firms to pay out £14.7bn in dividends as customers foot sewage costs

With cost of cleanup to be passed on to bill payers, analysis shows they will also pay £624 more by 2030 to fund investor payoutsWater companies will pay an estimated £14.7bn in dividends by the end of this decade,...

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