The UK water industry has been deemed broken, with firms exploiting a lax regulatory system while sewage pollution in natural bodies reaches alarming levels. Environment Secretary Steve Reed criticized the financial strain from soaring water bills on households, attributing it to inadequate infrastructure investments. Since privatization, £85 billion has been paid out to shareholders, showcasing the preference of rogue water bosses for profits over essential system improvements. Steve Reed calls for a total overhaul of the regulatory system to address these critical issues.
The water industry is broken, with firms fleecing the public under a regulatory system that let them get away with it, causing record levels of sewage pollution.
Steve Reed stated that around £85 billion was paid out to shareholders since privatisation, highlighting inadequate investment in the water system and poor infrastructure.
Soaring water bills are straining household finances, and poor infrastructure is holding back economic growth, according to Steve Reed, the environment secretary.
Mr. Reed emphasized the need for a major overhaul of the water regulation system to prevent water companies from prioritizing payouts over essential infrastructure investments.
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