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Crumbling water industry is damaging Britain’s economy, MPs warn

ENGLAND AND WALES, JUL 18 – MPs warn that 20% of people struggle to afford rising water bills amid underinvestment, pollution, and financial instability in England and Wales' water sector.

  • On July 19 in London, the Public Accounts Committee published findings, saying the system of regulating water companies needs `a complete overhaul`, as MPs warned of systemic failure.
  • The Office for Environmental Protection found failures to enforce environmental law by Ofwat and Environment Agency, highlighting regulatory deficiencies that have strained the water system.
  • The Environment Agency reports over £151 million in fines since 2015, yet water mains require 700 years to replace at current rates.
  • Thames Water Chief Executive Chris Weston reported a £1.65 billion loss, prompting the government to consider intervention that would add billions to public finances.
  • Looking ahead to 2050, England faces a 5 bn-litre daily shortfall and needs to build 10 reservoirs, with none constructed in the past 30 years.
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'Thames Water has had a stinker of a week - could it sink any lower?'

Thames Water has had a stinker of a week - could its reputation sink any lower?

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Daily Mirror broke the news in London, United Kingdom on Thursday, July 17, 2025.
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