From April 1, the average household water and sewerage bill in England and Wales will see a 6 per cent increase, as confirmed by the water industry.
Water UK stated that companies would invest a record £14.4 billion, aiming to enhance supply security and "significantly reduce" sewage levels in rivers and seas. Despite these assurances, the Consumer Council for Water expressed the view that firms should use profits to assist those struggling to pay their bills. Labour criticised water bosses for receiving substantial bonuses while passing the financial burden onto consumers.
The price hike follows public outrage over sewage spills and regulatory concerns about water firms paying dividends to shareholders amid the cost of living crisis.