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BusinessActive · 43h

Campaigners tell Ofwat: let failing water companies go bust

We Own It and economist Prem Sikka petition Ofwat to stop bailing out water firms as bills surge and sewage spills continue.

newest coverage 5h agosummary written 2h ago2 pieces153 likes & upvotes5 comments XGoogle News

What to know

  • A petition from campaign group We Own It calls on regulator Ofwat to let struggling water companies go bust rather than continue supporting them financially.
  • Campaigners cite a 36% bill increase Ofwat approved for 2025-2030, with companies seeking further rises, and say prices have doubled in real terms since privatisation.
  • The campaign links financial failure of water firms to persistent sewage discharges into rivers, water outages and hosepipe bans, and frames insolvency as a route to public ownership.

“We're telling Ofwat: let water companies go bust!”

We Own It, Campaign group · weownit.org.uk ↗ · Sep 22, 1:04 PM

Prem Sikka Economist, Labour peerWe Own It Campaign group (weownit.org.uk)Ofwat Water industry regulator

Campaigners tell Ofwat: let failing water companies go bust
x.com

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

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  1. 2

    Prem Sikka amplifies petition, cites bill rises and sewage failures

    Sikka posted on X urging people to sign the petition, citing Ofwat's approval of 36% bill increases for 2025-2030, further increases sought by companies, real-terms price doubling since privatisation, and ongoing sewage discharges, water outages and hosepipe bans.

    “Sign the petition. Let water companies go bust. Ofwat approved 36% bill increases for 2025-2030, companies want more. Prices doubled - in real terms - since privatisation. We got sewage in rivers, water outages, hosepipe bans. Need public ownership.”
    — @premnsikka

    • Sign the petition. Let water companies go bust. Ofwat approved 36% bill increases for 2025-2030, companies want more. Prices doubled - in real terms - since privatisation. We got sewage in rivers, water outages, hosepipe bans. Need public ownership.

      @premnsikkaX5h ago153▲view on X ↗
  2. 1 day quiet
  3. 1

    We Own It launches petition telling Ofwat to let water firms go bust

    The campaign group weownit.org.uk published a piece and petition arguing Ofwat should stop propping up struggling water companies and instead allow insolvency, paving the way toward public ownership.

    1. 1 outlet first by weownit.org.uk, 1d ago · read ↗