US EditionUK water industry needs ‘root and branch reform’, MPs say
- MPs warn that the water industry is "failing" and companies are "deaf to the crisis."
- A review led by Sir Jon Cunliffe should explore different forms of corporate ownership, as MPs call for "root-and-branch reform."
- Public trust has declined due to multimillion-pound bonuses paid to executives regardless of performance.
- Excessive dividends and poor performance are seen as "symptomatic of a culture of profiteering over duties to regulators and customers.
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'Failing' water sector blasted by MPs as bosses pocket bonuses despite pollution
The “failing” water sector needs “root-and-branch reform” to address the culture that is “deaf” to the crisis, MPs have warned. Parliamentarians on the Environment, Food and Rural Affairs (EFRA) committee said there is a cultural problem in the sector and called for “a major refresh of the incentives and drivers” and “much more regulated management of financial incentives for senior executives”.
·United Kingdom
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Total News Sources16
Leaning Left5Leaning Right1Center5Last UpdatedBias Distribution45% Left, 45% Center
Bias Distribution
- 45% of the sources lean Left, 45% of the sources are Center
45% Center
L 45%
C 45%
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