EMBARGO: Immediate Release
Responding to Thames Water's new proposed business plan which could increase customer bills by 40%, Liberal Democrat Treasury spokesperson and MP for Richmond Park, Sarah Olney said:
“All Thames Water are doing is throwing more money down the drain. Ministers must ensure millions of households have a water company able to keep the taps running, and actually invest to end the sewage crisis.
"It would be an absolute disgrace if customers are forced to foot the bill for Thames Water's shambolic failings. Ofwat cannot allow these bill hikes to go ahead.
“The Liberal Democrats will be tabling a Bill in Parliament on Monday, which would immediately put Thames Water into Special Administration.
“This is the only way Thames Water can become a financially safe company which cares about the environment.”
ENDS
Notes to Editors:
Reporting on the plan can be found here.