The latest drought exposes the abject failure of Tory water privatisation

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The latest drought exposes the abject failure of Tory water privatisation 🔵 paulwaugh for ipaperviews

Meanwhile, bills for customers – which have doubled over the past 15 years – are set to go up again, adding to the already dire cost of living crisis felt by many.

It’s no wonder many of the whistleblowers on sewage breaches work in the industry. I’m told one water firm worker regularly refuses to let his grandchildren swim in the sea on days when he knows just how polluted the water is.on water companies to reduce the amount of untreated sewage they pump into rivers and seas. Yet the political stench of a failing privatised system grows stronger every day and state intervention is now needed more than ever.

Six of the UK’s nine main water and sewage companies are owned by investment groups based offshore. China’s sovereign wealth fund China Investment Corporation owns nearly 10 per cent of Thames Water. Similar government-owned wealth funds in Singapore, Abu Dhabi and Kuwait all own chunks of English water firms.

 

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