#UK govt worst case scenario for nationalising water still leaves households better off

Research found an average of 35% of customer bills used to pay for interest on companies’ loans, & to pay dividends to shareholders

You're paying a #PrivatisationTax for #water companies dividends & debt

Publicly owned #ScottishWater doesn’t pay dividends to private shareholders, lost just 8% of revenue in interest payments

https://weownit.org.uk/news/governments-worst-case-scenario-for-nationalising-water-still-leaves-households-better-off/

#Water #PublicOwnership #inflation #tax #PrivatisationTax

Government's worst case scenario for nationalising water still leaves households better off | We Own It

If the government took water into public ownership, it could save customers £3 billion a year. Research shows that debt and dividends is crippling the industry’s ability to fix the sewage crisis.

We Own It