Move would mean some input on companies’ spending and holding executives to account over bills and sewage discharges.
Giving local political leaders more authority over the sector was a recommendation in Sir Jon Cunliffe’s review of water companies last year.
Before he became MP for Makerfield, he told the Guardian that he intended to nationalise Thames Water, the water company that serves 16 million customers and has been on the verge of collapse for more than two years.
In the meantime, customer dissatisfaction with the water industry has continued to grow.
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At the end of March the regulated value of Thames’s assets was estimated at £23bn.
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Move would mean some input on companies’ spending and holding executives to account over bills and sewage discharges.
Mayors and other local politicians could be given powers to oversee water companies under plans being considered by the UK government to bring utilities under greater public control.
Giving local political leaders more authority over the sector was a recommendation in Sir Jon Cunliffe’s review of water companies last year.
While there have been no firm decisions yet, officials in the Department for Environment, Food and Rural Affairs are keen on the idea, according to the BBC.
Burnham has repeatedly promised to take public utilities into public control, including water companies. Before he became MP for Makerfield, he told the Guardian that he intended to nationalise Thames Water, the water company that serves 16 million customers and has been on the verge of collapse for more than two years.
At the end of March the regulated value of Thames’s assets was estimated at £23bn, while its net debt increased to £18.5bn.
In the meantime, customer dissatisfaction with the water industry has continued to grow.
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