Having not got that answer they wanted from OFWAT five water companies appealed to the Competition & Markets Authority to over-rule limits on prices & the result of this approach is expected soon.
As usual, having drained these firms of funds (provided by their bill payers) while not maintaining the system properly, the investors now want the bill-payers to cover the required investment.
The privatisation of England's water industry has been dysfunctional!
possibly... as it would become glaringly (even more) obvious
The privatisation of England's water industry has been dysfunctional!
No is dysfunctional.
Investors must pay to rescue their companys, or give them back to the citizens AFTER fixing the faults caused by lack of investment and asset milking.
Company executives must be made fully responsible for their actions and above all they must be subject to regress. Make them pay for their greed.
Fold up in water sector is not the fault of taxpayers, Politicians and management
to blame.
Emeritus Prof Christopher May
Patrick Hadfield
🇳𝗮ꜟ𝖼𝘩
Peter Brown
Andy Dearden