"Water Bills to Soar as Regulator Approves £3.4bn in Additional Spending. Millions of households in England and Wales are bracing themselves for even higher water bills, as the industry regulator has given the green light for water companies to spend an extra £3.4 billion on various projects, including supporting the development of new homes and datacentres. The decision will add to the existing £104 billion investment programme, which is already set to drive up bills by 36% over the next decade. As a result, households will face significant increases in their water bills, sparking concerns about affordability and the impact on low-income families."
Firms in England and Wales seek to fund measures including supporting new homes and datacentresBusiness live – latest updatesMillions of households in England and Wales face higher bills after water companies were given the green light to spend £3.4bn more than planned, including to support new homes and datacentres.The new spending will come on top of the £104bn programme of investment approved by the regulator that had already meant water bills will rise by 36% over the second half of the decade. Continue reading...
