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In 2022/2023, England’s water firms made a staggering £1.7bn in pre-tax profits. This fine is just chump change for them and doesn’t fix anything.
It’s 9%ish. It’s not insignificant. Far better than the 0.01% fines that you normally seee.
Is it enough? That’s more debatable.
If crime is profitable and only penalty is slight reduction to the that profit, why would anyone stop doing the crime?
Makes for a good headline though, which is all politics is now.
