Sector Focus 

Opening the floodgates

Opening the floodgates

England has the only fully privatised water industry in the world, and it has been coming under increasing pressure in recent years. Earlier this year Thames Water received a record fine for dumping 1.4bn litres of raw sewage into the Thames between 2013 and 2014. In the last general election Labour proposed replacing the existing system with a network of publicly owned regional water companies, citing a 40 per cent increase in bills since privatisation. And just last week an article in the Financial Times attacked the water system as a failed experiment largely unaccountable to the customers it serves.

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