Water industry regulator Ofwat – more blancmange than watchdog – released its annual verdict onyesterday. It is a stinging assessment of their conduct, naming the six “worst” in England and Wales.
The sector’s creative approach to financial management has seen it pay out £66bn in dividends in 30 years while taking on debts of £54bn. An area of coastland next to where raw sewage had been reportedly discharged after heavy rain in Seaford.
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