Baroness Hayman of Ullock said the Government has no intention to bring water firms into public ownership ‘given the significant costs attached’.
Nationalising water firms would cost the taxpayer more than £99 billion – but the Government has “no intention” to do it, a minister has claimed.
The Conservatives also put forward a bonus ban “if a company has committed a serious criminal breach”, and pledged to use fines from water companies to invest in river restoration.Labour has ‘no intention to nationalise water companies’ like Thames Water, Baroness Hayman of Ullock said Baroness Hayman, a Department for Environment, Food and Rural Affairs minister, said the new figure “is higher than the Social Market Foundation’s 2018 estimates because the industry’s RCV has grown over the past six years, following new investment in infrastructure and RPI inflation”.
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