UK Chancellor Jeremy Hunt has emphasized that Thames Water should address its financial and operational issues independently, without passing the costs onto consumers. This statement comes amid criticisms of the water sector, where companies like Thames Water have been accused of significant environmental and managerial failings, including the discharge of 3.6 million hours of raw sewage into waterways and financial mismanagement. Over the past 32 years, water monopolies have distributed £78 billion to shareholders while also facing accusations of inadequate infrastructure investment and environmental negligence. Advocates argue for water services to be brought into public ownership.
Thames Water must sort out its own financial problems, says Jeremy Hunt. Companies get away with high bills, sewage dumping, unplugged leaks, high dividends, tax dodges, low investment. Govt wrings its hands. End the scam. Must nationalise water. https://t.co/73OA23zO5x
Hunt says Thames Water must ‘sort out’ its own issues https://t.co/Aie1nKnFbc
Chancellor Jeremy Hunt said consumers in the UK shouldn’t foot the bill for mistakes made by the management of struggling utility Thames Water https://t.co/qpkD2hQBxG
In 32 years of privatisation, the water monopolies have siphoned off £78bn to shareholders. These are the same companies piped 3.6 million hours of raw sewage into our waterways last year alone. This is what rewarding failure looks like. We need water in public ownership.
Thames Water is everyone’s problem, and time is running out to fix it https://t.co/kOicnMhDZ9