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Andy Burnham said he will legislate to repeal the ban on public ownership of water companies and present a strengthened Water Bill, with mayors gaining new powers to hold firms to account. Shares in Severn Trent, Pennon and United Utilities traded down by 0.9%-1.6% after the announcement, Reuters reported.
Andy Burnham said he would legislate to repeal the ban on public ownership of water companies and promised a ten-year plan for a “very different water system”, strengthening public control, at the Labour Party conference.
British Prime Minister Andy Burnham said on Tuesday he would legislate to repeal a ban on the public ownership of water companies, promising a ten-year plan to "a very different water system"."It will strengthen public control," he told the Labour Party conference on Tuesday.