Firms are unable to raise £260bn to deal with sewage spillages according to researchers
Business live – latest updates
England’s water companies are “environmentally insolvent” because they do not have the financial means to raise the £260bn needed to deal with their sewage spillages, academic research has found.
The report, by Prof Richard Murphy of the Corporate Accountability Network and Sheffield University, recommends nationalisation without compensation and raising the necessary funds through government ISAs for the public and higher charges for heavy water users.
About Author
More Stories
Jane Birkin’s original Hermès handbag to be sold at auction in Paris
Trump trade deal shows how vital China’s rare-earth metals are to US defense firms
BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker