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The budget and the public sector water companies

30/06/10

It remains to be seen what effect the Budget and departmental cuts will have on Scottish Water and Northern Ireland Water, both government-owned.

In the absence of a domestic charging scheme, Northern Ireland Water is heavily dependant on direct government funding.

Last week, Scottish Water reported that in 2009-10 it made an operating surplus of more than £100 million and exceeded its Overall Performance Assessment target by 20%.

Scottish Water still has, and needs, access to public borrowing, encouraging some Members of the Scottish Partliament to comment on this and call for change.

The important thing is not the source of funds but their continuing availability to a successful service that is making a big contribution to the present and future economy and environment in Scotland.

Scottish Water annual report

Contact: Bryan Wallis


© Water UK

Thu 17 May 2012, 0:00
http://www.water.org.uk/home/news/archive/finance/budget---infrastructure-30-06-2010