- Thames Water made £488 million in profit last year
- Liberal Democrats demand ‘Sewage Tax’ to clean up local rivers
New analysis by the Liberal Democrats has revealed Britain’s nine water companies made a total £2.8bn in combined operating profits last year.
Thames Water, which dumps sewage in local rivers, made an operating profit of £488 million last year.
The water companies making billions in profit were responsible for nearly 400,000 sewage dumping events in 2020 alone, according to the Environment Agency.
The Liberal Democrats are demanding a ‘Sewage Tax’ of 16% on water companies to create an emergency fund for cleaning up rivers.
Sam Webber, Liberal Democrat candidate for Bromley Town, said:
“It's disgraceful to see a company which pollutes our local rivers with sewage make so much money last year. Thames Water should pay to clean up the mess they make here.
“Boris Johnson's Conservative Government is just letting companies like Thames Water get away with it.
"The Conservatives are taking us for granted and doing nothing to protect our local rivers."
Leader of the Liberal Democrats Ed Davey MP said:
“Thames Water must urgently act to show it is taking its environmental duties far more seriously.
“From cleaning up on sewage spills and radically reducing them to investing in new innovation to play a bigger role on climate action, Thames must reinvest much more of its profits to show it is changing, and rapidly.
“Conservative Ministers have failed time and again to pass the laws needed to force and support strong environmental action for our streams and rivers. This Government is just tone deaf to the growing public outrage on this.”