Thames Water: Don’t bailout profiteers by dumping debt on the public – end privatisation, says TUC

Commenting on the turmoil at Thames Water and contingency plans being drawn up by ministers, TUC General Secretary Paul Nowak said:

“UK families have been ripped off by greedy water companies for too long. These firms have taken billions in profits while destroying our rivers with raw sewage.

“Privatisation is the problem, and regulation won’t fix it. Thames Water should be taken into public ownership permanently. Billions in debt – taken out for the benefit of profiteers – should not be dumped on the public.

“The best way to keep water bills affordable, and to clean up our rivers, is to end the profiteering for good. Every penny from every bill should be invested back into our water supply. And every water firm should be taken back into public hands.”