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Lib Dems plan to block taxpayer money for water companies unless they commit to end sewage discharges
Liberal Democrat MP slams “a blank cheque written with taxpayers’ money to fund polluting, profiteering firms”.
Today, the Liberal Democrats are seeking to ensure the Government’s new Infrastructure Bank does not invest in water companies unless they produce a costed and time-limited plan to end sewage discharges into local rivers.
MPs will vote on a new Bill which would enshrine into law the UK Infrastructure Bank. Liberal Democrat MP Richard Foord has tabled an amendment to ensure strict sewage discharge conditions are placed on water companies before they can receive funds from the proposed Infrastructure Bank.
The Liberal Democrat MP slammed taxpayers’ funds going to water companies as “scandalous”, amid water companies paying their executives millions of pounds in bonuses, while permitting voluminous sewage discharges.
Analysis of Companies House records by the Liberal Democrats found that the twenty-two water bosses paid themselves £24.8 million, including £14.7 million in bonuses, benefits and incentives in 2021/2022. This is despite destructive sewage discharges in rivers and on seafronts, harming both wildlife and swimmers.
Liberal Democrat MP for Tiverton & Honiton Richard Foord said:
It would be a scandal if taxpayers’ money was given to the same firms that continue to poison our rivers and coastlines.
Without adding strict sewage conditions to the bill, it will be a blank cheque for taxpayers’ money to fund these polluting, profiteering firms.
These are the very same water companies that line their executives’ pockets with bonuses worth millions of pounds. Now they expect public money to bail out the companies and patch up the leaking pipes they’ve long neglected.
My own constituency has suffered from regular sewage gushing onto beaches and into our rivers. Until that stops, the Government shouldn’t be throwing taxpayers’ money at water companies.