Untreated sewage pouring into coastal waters around England is far from the only crisis afflicting the UK in this worrying summer. But there could be few more dispiriting signs of the state we are in than the fact that holidaymakers on some of our most popular beaches are being warned to stay out of the sea because of the risks to health from swimming with faeces, while the majority of rivers are on “red alert”. In some locations, including Littlehampton in West Sussex, there are no working monitors, meaning that there is no way to measure pollution.
Rightly, the water companies and Ofwat, their ineffective regulator, are coming in for heavy criticism. And the headline figures and facts that sum up the sector’s dismal performance are worth repeating. Between 1991 and 2019, English and Welsh water companies paid out £72bn in dividends, and took on around £55bn in debt. But the investment in infrastructure that was supposed to follow privatisation never came. Not one new reservoir has been built in 30 years, while Scottish Water, which remains publicly owned, has invested 35% more per household. On a host of measures, from leaks to river water quality, the UK’s performance is poor, with leaked data showing that at current rates it will take 2,000 years to replace the pipe network.
Yet the rewards paid to company bosses have continued to expand – even as their reputations collapsed – turning the principle of performance-related pay on its head. In the last three years, 12 chief executives took home £58m between them, with several taking lucrative second jobs advising other companies on pay. In 2021, bonuses rose by 20% despite most companies missing pollution targets and despite the Environment Agency describing overall
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