Thames Water profit is a "kick in the teeth for millions", say Lib Dems
EMBARGO: Immediate Release
Responding to Thames Water reporting a return to profit today, Liberal Democrat Environment Spokesperson Tim Farron MP said:
“This is an absolute kick in the teeth for millions of households to see Thames Water posting hundreds of millions in profit after hiking up customer bills.
“Thames Water is failing, and balancing its books on the backs of hard-pressed bill payers - all while paying huge amounts of interest and continuing to dump toxic sewage into our precious waterways.
“The whole system is fundamentally broken. If Andy Burnham wants to prove he is serious about cleaning up our broken water industry, he needs to heed Liberal Democrat calls to immediately place Thames Water into a Special Administration Regime, and transform it into a mutual that is owned by and serves its customers and the environment, not vulture capital funds.”
ENDS
Notes to Editor:
