BusinessPostCorner.com
No Result
View All Result
Thursday, July 16, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

The water industry is in crisis. Can it be fixed?

October 25, 2024
in Business
Reading Time: 2 mins read
A A
0
The water industry is in crisis. Can it be fixed?
ShareShareShareShareShare

Our loos flush and water comes out of our taps. In that sense, the water industry in England and Wales works. In just about every other way, it’s a mess.

The most visible sign of that mess comes after those loos have flushed. Last year England’s privatised water firms released raw sewage for a total of 3.6m hours, external, more than double the amount recorded the year before.

Millions of customers, surfers and bathers have joined a chorus that former pop star Feargal Sharkey has been singing for years – that the sector is a “chaotic shambles”.

It’s not just our rivers, lakes and coastlines. Some communities have been told to boil tap water to make it safe, others have seen their water supplies cut off for days or even weeks.

Environment Secretary Steve Reed told the BBC some parts of the country could face a drinking water shortage by the 2030s and plans to build new homes have been jeopardised by water supply problems.

Faith in these companies has never been lower and it’s not hard to see why.

There are some common denominators causing stress on the system that will take radical reform to tackle. The government knows this – which is why it has just announced a major new commission to conduct the biggest review of the sector since privatisation 35 years ago.

The independent commission will be led by former Bank of England Deputy Governor Sir Jon Cunliffe and will report back with recommendations next June. Options on the table include the reform or abolition of the main regulator Ofwat.

To critics like Sharkey, the former lead singer of the Undertones who nowadays is vocal about the state of UK’s rivers, it’s an admission that the privatisation of essential monopolies has been a failure. Recently, he described, external this as “possibly the greatest organised ripoff perpetrated on the British people”.

So how did we get here, how might it be fixed and what will that mean for customers and their bills?

Credit: Source link

ShareTweetSendPinShare
Previous Post

Trump Media stock up 200% this month

Next Post

Beijing uneasy with North Korean troops in Russia

Next Post
Beijing uneasy with North Korean troops in Russia

Beijing uneasy with North Korean troops in Russia

Trump’s plan for Europe is falling apart

Trump’s plan for Europe is falling apart

July 13, 2026
The AI boom drove China’s 27% export jump in June as AI and the Iran war reshape global trade

The AI boom drove China’s 27% export jump in June as AI and the Iran war reshape global trade

July 14, 2026
Londoners face hidden poverty premium, study says

Londoners face hidden poverty premium, study says

July 12, 2026
IESBA reports on ethics for accountants using new technology

IESBA reports on ethics for accountants using new technology

July 15, 2026
What’s really going on with mental health?

What’s really going on with mental health?

July 11, 2026
IMA unveils Management Accounting Competency Index

IMA unveils Management Accounting Competency Index

July 14, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

White House teleprompter operator accused of making 0k off Trump speech bets

White House teleprompter operator accused of making $100k off Trump speech bets

July 16, 2026
IRS quietly raises mileage rates due to inflation

IRS quietly raises mileage rates due to inflation

July 16, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!