Source: Labour Party UK
Rebecca Long Bailey, Shadow Secretary of State for Business, Energy and Industrial Strategy, responding to record £126 million Ofwat fines and customer rebates for Southern Water, said:
“Today’s eye watering fines and forced customer rebates demonstrate clearly just how broken our water system is. Despite failures, chronic underinvestment and exorbitant customer bills, many water companies continue to pay out hefty dividends to shareholders.
“Instead of using profit for dividend extraction over investment and quality of service, Labour will ensure our water companies are run for the benefit of us all by lowering bills and investing in our infrastructure.”