Water Companies Criticised For High Bills

The video discusses how water companies have been retaining savings instead of passing them to customers, as highlighted by government watchdogs. Despite improvements in water quality, the National Audit Office notes that companies are not providing full value for money. Factors like lower tax rates and borrowing costs have benefited companies, but these savings, amounting to £800 million, were not shared with consumers. While bills are expected to fall by 5% over the next five years, current savings per household are lower than in previous years. Economic conditions have influenced company profits, but not all benefits have been passed to customers.

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