A significant lender to Thames Water has initiated a rapid sell-off of up to £600 million in debt amidst the looming general election, casting fresh uncertainty on the future of
South West Water has cut its dividend by £2.4 million following a record fine for sewage violations.
Pennon Water, the parent company of South West Water, has reduced its dividend by £2.4 million following a record fine for illegal sewage discharges into rivers and seas. The company
Last year, ten water companies did not pay taxes, even though some discharged sewage.
The ‘super deduction’ scheme introduced by Rishi Sunak during his tenure as chancellor post-Covid enabled the water industry to secure £97 million in tax rebates.