U.K. Water Profit Amid Tax Raises ‘Moral Questions’: Cox

The profits that water companies earn and tax structures they use to boost returns while consumer bills rise raises “moral questions,” the U.K.’s water industry regulator chief wrote in the Telegraph newspaper.

“I agree that the dichotomy between profits and the prices charged to customers raises business, regulatory and moral questions,” Ofwat Chairman Jonson Cox said in a commentary in the British paper.