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Water industry - Profits surge even as leaks and spills wash away public trust
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
28th November 2021
The financial results of water company, Pennon are announced next week, and the Observer uses this to make a case for re-nationalisation of the sector, arguing that the structure of the industry is such that it has created regional monopolies guaranteed supernormal profits.
As a result, it is argued that the firms are more interested in generating shareholders than serving consumers, not least in relation to their treatment of sewage.
@SouthernWater was fined £90m for deliberately dumping raw sewage into protected seas for financial gain.
Water profits surge even as leaks and spills wash away public trust https://t.co/ateNnzovPW
— The Guardian (@guardian) November 28, 2021
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