£22bn of Water Bill Hikes Will Go to Private Investors - Not Cleaning up Rivers

£22bn of water bill hikes will go to private investors - not cleaning up rivers

Higher water bills will fund £22bn in payouts to private investors over the next five years, The i Paper can reveal.Last month, the Government said it had secured £104bn in “private sector investment” to upgrade the country’s water infrastructure and tackle sewage pollution.To pay for this, water bills will rise by £157 per household over the next five years.However, £22bn from the increased bills will be spent on interest payments and dividends…

Thatcher’s Rotten Legacy: Offshore Bonuses, Raw Sewage, And The Sham Of “Private Efficiency” - Labour Heartlands

Yorkshire Water boss was paid extra £1.3m via offshore parent firm While working people across Yorkshire are forced to tighten their belts, pay ever-rising water bills, and dodge sewage in the rivers while on a hosepipe ban, the boss of Yorkshire Water has quietly pocketed an extra £1.3 million through an offshore Jersey-registered company that answers to no one but profit. Nicola Shaw, the current chief executive of Yorkshire Water, has been ha…

Water regulator Ofwat to pour £75million of taxpayers' cash into telling households how to save water... while billions of litres wasted daily due to leaky pipes

The watchdog, which ministers have vowed to scrap, is set to launch the multi-million-pound advertising and information campaign to reduce water usage by homes and businesses.