- The Conservatives’ Costings Document does not have any budget allocated for the South West rebate past 2021
- Water bills will go up £200 over the next parliament under the Conservatives
- Labour’s plans will mean water bills go down by £113 a year, experts say
The Conservatives are going to end the South West Water rebate after 2021, their Costings Document has outlined. This will see families in Plymouth lose their £50 yearly rebate after 2021, putting up water bills by £200 over the course of the next Parliament.
The document shows the Conservatives do not intend to renew the South West Water rebate, as the allocated budget for this is £0 from the 2021-2022 financial year onwards.
According to research from the University of Greenwich, Labour’s plans will see water bills cut by an average £113 a year. Labour will bring all water companies back into public ownership, which means we can reinvest the profits into improving the system and reducing the bills.
Under Labour, water bills will go down £113 year. Under the Tories, they will go up by at least £50 a year.
Luke Pollard said:
“Over the last ten years £18billion has been paid out in dividends to water company shareholders. By taking our water companies back into public ownership, we can reinvest these profits into a better water system and lower bills. Experts say that Labour’s plans would see water bills fall by £113 a year.
“The Conservatives have quietly chosen to cut the South West Water rebate, meaning families in Plymouth will have to pay an extra £50 a year. That’s £200 over the course of the next Parliament.
“Labour will lower water bills and the Tories will raise them – Labour is on your side.”