Water nationalisation plans over after Conservatives secure landslide victory
The Conservative Party has won the 2019 General Election with a landslide majority, meaning the threat of nationalisation of the water sector is over.
The Conservatives easily passed the 326 seats required to form a majority in the early hours of this morning (13 December) and are forecast to have 364 seats.
Earlier in the week the Labour Party had reiterated plans to nationalise water and energy companies, with shadow chancellor John McDonnell announcing that the process would start within 100 days, if the Party took office.
But after a huge loss at the polls these plans are now over. Outgoing Water UK chief executive Michael Roberts had warned that the nationalisation of the water industry in England would be “bad for customers, bad for the environment and bad for the economy”.
During a dramatic night Labour leader Jeremy Corbyn announced that he will step down from his role while Lib Dems leader Jo Swinson lost her seat.
Prime Minister Boris Johnson has now been given a mandate to deliver Brexit. He said: "It does look as though this One Nation Conservative government has been given a powerful new mandate to get Brexit done. I think this has turned out to be a historic election that gives us, in this new government, the chance to respect the democratic will of the British people to change for the better and to unleash the potential of the entire people of this country."
- PR19 plans may define future of industry - CCWater CEO Plans submitted to Ofwat this week "could define the future of the water industry in England and Wales", Consumer Council... Read More >
- Nationalisation report a reminder of consequences - Water UK Water UK has said a new report on the impact of nationalisation on household savings and pensions is "a useful reminder to... Read More >
- Households could lose up to £1000 from nationalisation, study claims Households in the UK could lose an average of nearly £1,000 each under Labour's nationalisation plans, according to a new... Read More >
- Reaching net carbon zero In summer 2019, the water industry committed to reach net carbon zero by 2030. This is a very ambitious aim and... Read More >
- Meeting AMP7 leakage targets Damian Crawford, head of smart networks & leakage at Stantec, discusses how becoming data-rich and knowledge-smart can... Read More >
- Rewarding excellence WWT content director Alec Peachey looks ahead to next year's Water Industry Awards. Read More >
- Delivering a smart network Tom Mills, senior director UK&I at Sensus, examines what a smart water network really means - and how to get there. Read More >
- A watershed moment for the water industry? Tessa Harding, director of water at Thomson Environmental Consultants, discusses the government's Environment Bill. Read More >