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Thames Water to appeal to competition regulator for even higher bills – business live
Live, rolling coverage of business, economics and financial markets as struggling UK water company says it needs more money for investmentCampaigners for the public ownership of England and Wales’s water companies have said Thames Water’s appeal to raise bills further is “a joke at our expense”.The company has argued that raising bills is the only way for it to recover sustainably, and to be able to invest enough to prevent the controversial discharge of sewage into Britain’s rivers and seas.This appeal is a blatantly greedy and desperate bid from Thames Water to rake in even more cash from the public as it drowns in its own debt. This company is a joke, but the joke is at our expense.The government must immediately bring Thames Water into special administration and permanent public ownership. That is the only way it will work for households and the environment. Continue reading...
Live, rolling coverage of business, economics and financial markets as struggling UK water company says it needs more money for investment
Campaigners for the public ownership of England and Wales’s water companies have said Thames Water’s appeal to raise bills further is “a joke at our expense”.
The company has argued that raising bills is the only way for it to recover sustainably, and to be able to invest enough to prevent the controversial discharge of sewage into Britain’s rivers and seas.
This appeal is a blatantly greedy and desperate bid from Thames Water to rake in even more cash from the public as it drowns in its own debt. This company is a joke, but the joke is at our expense.
The government must immediately bring Thames Water into special administration and permanent public ownership. That is the only way it will work for households and the environment. Continue reading...
