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UK water companies make case for higher customer bills
Thames Water and other British water companies have said they need to raise bills by more than they had estimated, blaming new regulatory requirements and investment costs, regulator Ofwat said.
UK Water Companies Will Be Allowed to Invest Billions More
The UK’s water watchdog will allow companies to invest as much as £7 billion ($9.1 billion) more in the next five years to curb sewage spills and improve drinking water quality, a move that will require further raising bills for consumers.
Water bills set to rise more than expected
Water bills will go up by more than previously thought over the next five years, to fund higher costs and more investment, the BBC understands. The regulator, Ofwat, is in the process of deciding how much customer bills will be allowed to rise.
Water companies push for higher bills again as customers face up to 84% hike
Water companies are lobbying for bill rises of up to 84 per cent in the next five years in a fresh blow to customers. Firms including beleaguered Thames Water have applied to the regulator, Ofwat, to hike tariffs so they can upgrade their networks,
4h
Black man shot dead by UK policeman in 2022 was gunman days before, court told
A Black man shot dead by a British police officer in London two years ago was the gunman in a nightclub shooting days before ...
4h
on MSN
UK public borrowing rises to £16.6bn in September, higher than official forecast, in sign of budget pressures – business live
UK has borrowed £79.6bn this financial year, £1.2bn more than a year ago, which is the third highest year-to-September ...
2h
on MSN
Son of Singapore’s founder says he has been granted political asylum in the UK
Lee Hsien Yang, the estranged brother of former Singapore Prime Minister Lee Hsien Loong, says he is now a “political refugee ...
9h
on MSN
UK borrowing for September third highest on record
Government borrowing in September rose to the third highest figure for that month since records began in January 1993.
9h
on MSN
Economists see UK cutting interest rates more substantially as inflation pressures ease
Economists at Goldman Sachs forecast the Bank of England's key rate falling to 2.75% by November, well below market pricing.
11h
Under a quarter of UK workers want alcohol at social events, study finds
Only one in four UK employees want alcohol at workplace social events while little more than half attend after-hours events ...
19h
on MSN
Brazil environmental disaster victims take case against mining giant BHP to UK court
Victims of Brazil’s worst environmental disaster are taking their case for compensation to a UK court on Monday.
1h
on MSN
UK economic forecast boosted by IMF
A bump in economic growth will be welcome for Chancellor Rachel Reeves as she prepares for the budget next week and has placed herself in a tough fiscal position.
1h
on MSN
UK households issued £615 water bill warning as prices set to soar
Thames Water, the UK’s largest provider currently in emergency talks due to a £15 billion debt pile and worsening financial ...
Construction News
29m
UK construction activity September 2024: South East
Project starts and detailed planning approvals fell against the previous quarter and last year. More positively, main ...
2h
on MSN
IMF hikes UK growth outlook amid lower inflation and interest rates
The IMF now sees 1.1% growth for the U.K. economy this year, up from its July forecast of 0.7%, and reiterated a forecast for ...
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