Water Rip off !

Did your water bill increase last year?  Have you ever wondered where that money goes?

I've spent the last six months researching the water industry and found a murky financial setup. Water company shareholders take huge pay-outs while customers are forced to pay increased bills and taxpayers are asked to cover the cost of improvement works. [1]

I think this is unacceptable in an industry which is so fundamental to people's lives and where customers cannot choose their supplier. That's why I've started a petition on Change.org to call for MPs to hold an inquiry into the profits made by the water industry. Click here to sign my petition.

For years now customers have been paying too much for their water and shareholders have been running off with giant profits. Worse, with many companies owned by private equity funds there are no public meetings to hold executives to account. 

MPs questioned executives from Google, Amazon and Starbucks over their tax affairs following a public outcry. I think its time water company executives were also called before MPs to answer to the public about where the money goes. 

Please join me and sign my petition if you agree that MPs should hold a Parliamentary inquiry into water companies' profits.

Thank you,
George Turner

[1] Centre Forum Report: Money down the drain
Guardian: Former regulator attacks water firms over windfall profits and high prices
Independent: Water companies told to stop siphoning off cash to foreign owners