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Government refuses water nationalisation after securing £88bn investment by sector bosses, MPs told
A household water tap

THE government is refusing to nationalise water companies after securing £88 billion in private investment from their fat cat bosses, the Commons has heard.

Decades of profiteering from Britain’s creaking water infrastructure have left parts of the country facing water rationing in the 2030s, the second reading of the government’s Water (Special Measures) Bill heard.

But responding to growing calls to nationalise the sector, water minister Emma Hardy said this would be “complex, time-consuming [and] would halt the investment needed.”

Surfers Against Sewage policy officer Louise Reddy said: “This bill will go a small way to holding companies to account, but we know they can go further.

“We are also worried that new powers set out in the Bill will mean customers pick up the bill for companies’ debts if they are taken into special administration, something Thames Water is on the cusp of.

“We are demanding they ban this bailout, and promise we will not pay for the mess water bosses have put us in.”

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