Burnham promises water overhaul

Britain's new prime minister Andy Burnham has promised greater public control of the water industry as a centerpiece of his domestic agenda, partly reversing privatization that began in the nineteen eighties.

December plan sets broad direction

Ministers are due to unveil more detail in a ten-year plan for Britain expected in December. This will contain high-level vision, priorities and principles for the industry's future.

Granular details wait until 2027

Much of the detailed work on how future ownership models will operate in practice is only expected later.

Treasury costs still unknown

The spending review is where full details will be nailed down, including any fiscal implications for the Treasury.

“nailed down”

Water firms warn of bill rises

England's privatized water firms argue that uncertainty over the sector's future is damaging investor confidence.

“£40 being added to every single water bill”

Industry chief urges faster action

Water UK Chief Executive David Henderson urged the government to move ahead with reforms suggested last year by former Bank of England Deputy Governor Jon Cunliffe before deciding the sector's ownership path.

Water bill to address executive pay

Environment Secretary Angela Eagle is due to bring a water bill to parliament before Christmas with separate policy, including closing what Burnham has called loopholes used to pay excessive bonuses to water company executives.

“loopholes used to pay excessive bonuses”