[
Water investors have withdrawn Billions,
says research
Shareholders in some of the UK's largest water
companies have taken out tens of billions of
pounds but failed to invest, new research claims,
with firms planning to raise household bills
to fund future spending.
Investors have withdrawn £85.2bn from 10 water
and sewage firms in England and Wales since
the industry was privatised more than
30 years ago, analysis by the
University of Greenwich suggests.
Companies are under pressure following sewage spills
and water leaks, which critics have blamed
on under-investment in the country's infrastructure.
Ofwat, the industry regulator, said it
"strongly refuted" the figures.]
https://www.bbc.co.uk/news/articles/cw4478wnjdpo