Under investment, insufficient government strategy, and inadequate co-ordination has resulted in a failure to “treat water with the care and importance it deserves”, warns Industry and Regulators Committee. The Industry and Regulators Committee has been investigating the regulation of the water industry, including looking at Ofwat’s performance in relation to its statutory duties, the investment […]
Britain’s biggest water company has hired Rothschild and Slaughter & May to help evaluate financing options for its vast balance sheet, Sky News learns Thames Water is facing crunch talks over its finances amid mounting concerns about its ability to service a debt mountain which stands at more than £14bn. Sky News has learnt that […]
Shadow environment secretary Jim McMahon said Labour will set out at its party conference in September “a position that would clean up the water industry in this country, deliver value for money for consumers and bill payers, and finally work in the national interest”. Shadow defence and education minster Stephen Morgan shared: “Labour’s plan to […]
A survey by Ofwat, Trust and perceptions: People’s views on the water sector, finds that only one-third of people trust water companies to prevent sewage from entering waterways or to do no harm to biodiversity in the water environment. Over half said untreated sewage had the most negative impact on rivers from a list which […]