Water companies have been urged to invest their profits in cutting bills to “rebuild” trust in the tarnished industry, as suppliers in England and Wales announced costs would jump from April.
Water UK, the industry trade body, said bills would increase by 6% or £2 a month on average next financial year – far more than the current 4% inflation rate.
But the industry said bills would have been £60 higher if they had kept pace with inflation over the past decade. However, the group’s argument will do little to reduce public outrage during a cost of living crisis for an industry that has bee
Water UK, the industry trade body, said bills would increase by 6% or £2 a month on average next financial year – far more than the current 4% inflation rate.
But the industry said bills would have been £60 higher if they had kept pace with inflation over the past decade. However, the group’s argument will do little to reduce public outrage during a cost of living crisis for an industry that has bee
Water firms in England and Wales urged to invest profits in cutting bills | Water industry | The Guardian
Suppliers expected to charge average 6% more from April despite public anger at underinvestment and sewage dumping
https://www.theguardian.com/business/2024/feb/02/water-firms-in-england-and-wales-urged-to-invest-profits-in-cutting-bills
1 yr. ago
