In the 30 years since England’s water was privatised by Margaret Thatcher, water companies have set up a system in which billions of pounds leave the network in an average year. Among them, Dieter Helm, an Oxford professor of economic policy specialising in utilities, went as far as saying in 2021 that England’s water system was “a scandal of financial engineering”. £4.0bn £4.9bn Your water Dividends Interest Investment DEBT £2.1bn £1.5bn Some of it pays for your water Getting clean water into your house and sewage out, costs water companies £4bn in an average year. England's water companies invest an average of £4.9bn each year. But England's water system is private...

Source: The Guardian December 01, 2022 15:59 UTC