Severn Trent Water Authority Price Increases (No. 2)
EDM number 702 in 1993-94, proposed by Ken Purchase on 01/03/1994.
That this House condemns the outrageous increase in water and sewerage charges of up to 9.1 per cent. to be levied by Severn Trent Water on hard-pressed householders in the West Midlands; notes that year-on-year dividends to shareholders have increased well above inflation; that its shares value has rocketed by 143 per cent., that senior managers' pay has risen dramatically, and that share option hand-outs have provided massive fortunes to selected executive directors; believes that in a moral society such scandalous practices would result in a jail sentence; and calls upon Her Majesty's Government to end the disgraceful misuse of private monopoly ownership of a life-giving public asset.
This motion has been signed by a total of 37 MPs.
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