• How does ofwat stop them investing into infrastructure?

    They must make a certain amount of profit as percentage of outgoing?

    I can't imagine they are all so strapped for cash they can't invest when forced to.

  • They invest but the investment needed after decades of underinvestment is huge, they aren't funded to deliver anything close to what's needed

    The counter argument is that have been funded historically but have spent it badly, that doesn't fix funding gap now though

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