• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

United Utilities shareholders make £1.2billion as billion of litres wasted

Dividends and interest worth £263 million were accrued by shareholders in 2017 alone, GMB Union figures show An investigation by GMB, the water union, has revealed United Utilities shareholders have made more than £1.2 billion in just five years. The privatised water company showered shareholders with a total of £263 million in 2017 alone. As […]

Joe Mellor by Joe Mellor
2018-07-26 00:01
in Business, News
FacebookTwitterLinkedinEmailWhatsapp

Dividends and interest worth £263 million were accrued by shareholders in 2017 alone, GMB Union figures show

An investigation by GMB, the water union, has revealed United Utilities shareholders have made more than £1.2 billion in just five years.

The privatised water company showered shareholders with a total of £263 million in 2017 alone.

As millions in the North West face life under a hosepipe ban, GMB revealed United Utilities waste 400 million litres of water every single day through leaks.

Last month, GMB figures showed United Utlities’ CEOs trousered a whopping £12 million in salary, bonuses, pensions and other benefits over the past five years.

The figures come from a joint investigation into the accounts by GMB and Corporate Watch [3] as part of GMB’s Take Back the Tap Campaign to bring England’s privatised water industry back into public ownership.

While shareholders pocketed these eye-watering sums, consumer water bills in England and Wales have increased by 40% above inflation since privatisation in 1989 according to a report by the National Audit Office [4]

RelatedPosts

Liberty hails ‘landmark’ win over MI5, MI6 and GCHQ

US Supreme Court overturns right to abortion and allows more Americans to carry guns away from home

Watch: Rees-Mogg’s new Brexit benefit is more pathetic than his recent universal charger ‘win’

Here she is! Nadine Dorries wades in to support Johnson…it didn’t go well

Tim Roache, GMB General Secretary, said: “Forking out billions to shareholders, while bills rocket and trillions of litres of water are wasted shows just how broken the system is.

“We all need water, it’s not an optional extra, it’s absurd that something we all depend on is in private hands delivering eye watering pay outs instead of being run for the public good.

“That’s why GMB is calling for the water industry to be brought back into public ownership.”

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

‘They’re laughing at us’: ITV eviscerates Tories over Christmas car-crash

Police stop driver with one tyre missing after officers spotted it

Nigel Farage probably likes pasties

Archway Kebab – a restaurant for the many, not the few

Mail On Sunday ordered to print front-page statement on Meghan’s copyright win

Otter spotted for first time in landlocked Birmingham city centre

Tory minister reminded of manifesto promise after refusing to rule out people having to sell homes to fund care

Probe launched at £15,000-a-year private school after claims girls forced to kneel on floor as staff measured their skirts

Theresa May to set out the “Road to Brexit” – 10 months in to the exit process

Sajid Javid mercilessly bats off pleas for a ‘proper pay rise for NHS staff’

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.