Tommy Tainant
Diamond Member
Water bills must rise if Labour is to hit housebuilding target, industry claims
Companies need regulator go-ahead on significant increases or they will not be able to aid plan, says Water UK
www.theguardian.com
Labour’s key housebuilding target will not be met if water companies are blocked from significantly increasing bills, the leader of an industry group has said.
The government has promised to build 1.5m homes during this parliament as a central pillar to its plans to end the housing crisis.
They want to ramp up existing bills to create cash to build new pipes and so on.
This is outrageous. They want existiing users to fund water for new customers.
Over the past decade they have paid out billions in dividends. Noney that could have developed the infrastructure.
That doesnt seem to be part of their equation. This is a failure of regulation.
The govt needs to take immediate action on this threat to soociety. They need to pass a water regulation bill. A bill tha blocks dividends and bonusses on companies that failed to invest in its business.
Dividends should not be paid until the companies are compliant. This is a societal problem not a commercial problem.
We cannot be held to ransom by these bandits.
