Water companies in England and Wales ordered to pay £158m back to customers – Channel 4 News
Water companies in England and Wales ordered to pay £158m back to customers – Channel 4 News
Water companies in England and Wales have been ordered to pay £158 million back to customers - after the regulators found they had missed key targets on pollution and leaks.
In 2022/2023, England's water firms made a staggering £1.7bn in pre-tax profits. This fine is just chump change for them and doesn’t fix anything.
It's 9%ish. It's not insignificant. Far better than the 0.01% fines that you normally seee.
Is it enough? That's more debatable.
If crime is profitable and only penalty is slight reduction to the that profit, why would anyone stop doing the crime?
Makes for a good headline though, which is all politics is now.
from the video "per customer, we're looking at a tenner [£10/€12/$13]" 😣