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Teaching Economics

In the News

Water industry - Profits surge even as leaks and spills wash away public trust

Graham Watson

28th November 2021

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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.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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