London super sewer ‘should be scrapped in favour of cheaper projects’

London super sewer ‘should be scrapped in favour of cheaper projects’ Former Ofwat chief says combination of storm tanks and better drainage would stop sewage running into Thames.
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Thames Water wants to raise average bill £100 by 2020

Inflation-busting increases blamed on need to invest in super-sewer as London growsBritain’s biggest water company plans inflation-busting price rises over the next six years that could leave customers paying around £100 a year more by the end of the decade. Thames Water wants to review current price rules agreed with regulator Ofwat and to increase […]
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Thames Water – a private equity plaything that takes us for fools | Will Hutton

When the water company was privatised we were promised a utopia of private sector efficiencyLondon remains the effluent capital of Europe. The Victorian network of sewers is overwhelmed, and untreated or semi-treated sewage is leaking into the Thames, leaving the tide to do the rest, just as it did when the great engineer Joseph Bazalgette […]
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Water companies pay billions to shareholders but little tax. Why?

UK water firms have no trouble making profits – and yet the customer is footing the bill for infrastructure projectsIt will take seven years to build, cost about £4.1bn – nearly half the cost of the Olympics – and has already provoked resentment among residents, including impressionist Alistair McGowan, who fear it will blight their […]
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This water tax trickery in the corporate sector is unacceptable

Every pound lost to tax avoidance is a pound that cannot be spent on vital servicesWhen the coalition was formed in 2010 the government was borrowing £400m a day just to pay the bills. Although there were disagreements over the scale and speed of the cuts, all the main political parties accepted the need to […]
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Water companies pay little or no tax on huge profits

Thames Water and Anglian among companies paying little or no corporation tax while executives pocket huge bonusesThree of Britain’s biggest water companies paid little or no tax on their profits last year while generously rewarding their executives and investors, the Observer can reveal. Thames Water and Anglian Water paid no corporation tax on the profits […]
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China’s shopping spree: UK businesses taken over

The acquisition of Weetabix by a Chinese state-owned company continues the country’s voracious shopping spree for western brands and infrastructure as it seeks to develop and expand its rapidly growing economyHere is a list of well-known British companies and services to have fallen into Chinese hands:1. Weetabix: 60% share in the breakfast cereal maker bought […]
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Hosepipe bans come into force for southern and eastern England

20 million people face £1,000 fine if they defy hosepipe bans, introduced after one of driest two-year periods on recordMillions of householders across southern and eastern England are banned from using hosepipes from Thursday as drought grips parts of the country.Seven water companies are introducing restrictions on water use following one of the driest two-year […]
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Is a hosepipe ban the most effective way to tackle a drought? | Leo Hickman

Lack of rainfall over the south-east of England means hosepipe bans will be imposed from 5 April. But do they work? Leo Hickman, with your help, investigates. Post your views below, email leo.hickman@guardian.co.uk or tweet @leohickman11.14am: Seven water companies announced yesterday that a hosepipe ban will come into effect across London and the south-east of […]
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