Jul 9, 2023

Ofwat complacent over Thames Water affair - MP

Ofwat has been accused of being "Complacent" over the Thames Water affair, which has seen it lose its chief executive and face collapse over its massive debts. Sir Robert, a Conservative MP who chairs the Environment, Food and Rural Affairs Committee, told the BBC the regulator had been "Very complacent in my view" over Thames Water. Thames Water is not the only water company in the spotlight. "Southern Water's credit rating has been downgraded yet again. The owners of these companies are having put to put money in yet again. My worry is the money that we're paying as water users will be going to service that debt, rather than what we want to see, which is paying to clean up our rivers and improve sewage treatment." The BBC has approached Southern Water and Ofwat for comment.

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