Water firms' profits to soar

Labour yesterday seized on reports that profits at Britain's 10 privatised water companies are set to soar, claiming it was proof…

Labour yesterday seized on reports that profits at Britain's 10 privatised water companies are set to soar, claiming it was proof that the firms could easily afford to pay the windfall tax. Shadow environment secretary, Mr Frank Dobson, said the water companies' profits could top £2 billion.

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