This is difficult to watch, it's embarrassing, it's enraging, it's shameful.
Emma Reynolds the Secretary of State for the Environment and David Hill the head of water at Defra appeared before MPs on Tuesday where they repeated the same old lie, that water company shareholders invest their money in the companies and we, the bill payers, pay them back over 10, 15, 20, 30 years.
Even Ofwat have owned up, that's a lie the ยฃ104 billion "private sector investment" is coming directly out of your pockets, your bank account. For God sake just tell the truth.
Barry Gardiner, you're a star. ๐๐๐
Since privatisation water companies have taken more than ยฃ85billion in dividend and piled up more than ยฃ60billion of debt.
Yet all capital and operational costs are covered by bill payers.
So why keep a privatised structure for a natural monopoly like water?