UK Water Bills Soar 350% Since Privatization to Double Inflation
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Water bills for UK consumers have increased at about twice the rate of other goods since the industry was privatized, according to the Office of National Statistics.
Bills have increased 363% since privatization in 1989, a move intended to keep bills down while drawing in investment. Charges jumped 8.9% in April, according to the data, the steepest increase in 18 years. One company, South West Water, has seen the number of customers receiving help with their bills rise by more than a third.