Cllr Muhammed Butt, Leader of Brent Council has written to OFWAT, the water regulator, to urge them to reject Thames Water’s application to increase prices even further above inflation for 2014/15.
Thames Water has applied to increase bills by an additional 8% for 2014/15, on top of the 3% above inflation they have already increased household bills by between 2010 and 2015. Last year Thames Water posted a record profit of £549 million.
Cllr Muhammed Butt Leader of Brent Council:
“Londoners are in the middle of a cost-of-living crisis and paying the bills is more of a struggle every month. Real wages in Brent have fallen for 36 consecutive months. Water is one of the biggest outgoing faced by every household in Brent and residents simply can’t afford yet another above inflation hike to bills. Residents will feel ripped-off being asked to pay more while Thames Water is making record breaking profits. OFWAT should reject this application.”
Sadiq Khan MP, Shadow London Minister said:
“On a bill as unavoidable as water, hiking bills above inflation in the middle of a cost-of-living crisis while posting record breaking profits is frankly outrageous.”