Thames Water has done what the regulator has asked but no more. It has not been concerned to make the water system more resilient, with, say, back-up reservoirs to guard against climate change
I might be wrong here but I was under the impression that Thames had indeed applied to build more reservoirs and had had the planning permission turned down?
Thames Water’s proposals for a huge new reservoir near Abingdon have been rejected by environment secretary Caroline Spelman acting on the advice of an independent planning inspector.
Oh yes, I was right. So that\’s WillyWaffle again isn\’t it? And as to this:
Second, as public service companies, all British water companies should pay corporation tax as a percentage of turnover, with proper deductions for investment and depreciation, but no allowances for any financial transaction with a tax haven.
What is the idiot talking about? A profit tax based upon turnover? Eh? OK, so let\’s assume he doesn\’t mean that but what he actually says: a tax on turnover. So, err, that just means higher prices for all water users, doesn\’t it? The government is entitled to a slice of what you pay for water: finis.