The environment secretary, Steve Reed, emphasized the urgency of fixing the polluted waterways, asserting that a new commission has been established to attract much-needed investment to clean up the environment and improve aging water infrastructure.
Under proposals being considered, water companies in England could be mandated to operate without profit motives, with the idea of transferring ownership to not-for-profit entities that prioritize public benefit.
The success of Welsh Water, which operates on a not-for-profit basis, showcases a drastic reduction in debt as surplus funds are reinvested into services rather than distributed to shareholders.
Public fury continues to mount as water companies show preference for profit maximization, leading to significant financial gains for executives while vital water infrastructure remains neglected.
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