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Evening Standard
Evening Standard
Business
Richard Wheeler

Nationalising water would cost up to £100bn and not resolve problems – Reed

Steve Reed Environment Pollution England House of Commons
Secretary of State for Environment, Food and Rural Affairs Steve Reed (Peter Byrne/PA) - (PA Wire)

Nationalising water firms would cost up to £100 billion and “not resolve the problems” faced by customers, according to the Environment Secretary.

Steve Reed ruled out bringing the companies back into public ownership as he outlined an independent review into the industry following a public outcry over bills, bonuses and sewage pollution.

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