No matter where you turn, corruption and the prospect of big payouts at someone else’s expense are often appealing concepts for the already rich. In a new blog post by Belfast Telegraph, they summarize a new plan designed to ban large payouts to stakeholders in the water regulation and firm sector to help alleviate the potential for corruption and to keep the interests of the consumer in place to ensure financial stability for every party involved.

Key Takeaways:

• New potential restrictions were launched by UK water regulators recently, in an attempt to bolster consumer confidence in the water industry.
• To ensure fiscal soundness and keep customer interests of paramount concern, regulators have announced that shareholder payouts could be restricted.
• A new set of standards has been put out to help water companies to stay financially secure and robust.

“Labour wants to transfer the existing water and sewerage companies to new Regional Water Authorities.”

Read more: https://www.belfasttelegraph.co.uk/business/uk-world/water-firms-could-be-forced-to-restrict-shareholder-payouts-ofwat-warns-38296014.html