In a bold move to tackle Britain’s failing water infrastructure, the national water regulator has approved a significant rise in water bills. Over the next five years, consumers will see a 36% increase, aimed at funding much-needed improvements in the sector.
The decision comes amid public outrage over sewage pollutants in rivers and seas, attributed to privatized water companies prioritizing profits over investments. With companies saddled in debt, the regulator has emphasized the need for a financial facelift within the industry.
This move, however, faces skepticism from environmental advocates questioning the trustworthiness of these companies to effectively use the added funds. The ongoing water infrastructure dilemma spotlights Thames Water, which is on the brink of potential nationalization if it fails to secure over 3 billion pounds in new equity funding.
(With inputs from agencies.)