GMB Union has reacted to Ofwat's draft proposal today
The watchdog calls on water companies to pay £88 billion between 2025 and 2030 to deliver cleaner rivers and seas, and better services for customers.
Meanwhile Customer bills are proposed to increase on average by £19 a year over the next five years – a third less than the bill increase requested by companies
Gary Carter, GMB National Officer said:
“Ofwat is right that water companies should fork out to clean up the mess they’ve made - not customers
“But that can’t be at the expense of water workers’ terms and conditions - which are the first things to be cut when companies plead poverty.
“Shareholders have trousered fortunes from UK water - they must be the ones to stump up the investment the money industry so desperately needs.”
