Conversation

The failure of water privatisation & its subsequent regulation is ever more apparent!

Having drained the water companies of capital via dividends & executive pay, the water companies have now got the supine OFWAT to agree to an average 26% water bill increase this year, the largest since privatisation, to fix the very problems caused by the investors draining the firms of cash;

OFWAT has been well & truly captured by the industry it purports to regulate!

#water #sewage #privatisation
h/t FT