x}Ao0>*M !K%{ZFZ~yiD$>{8NoV,jk{o\==4. Its guidance requires them to help resolve problems without resorting to enforcement action to recover debts., Firms are also compelled to offer flexible payment options. Im pleased to announce a commitment today to help thousands more people on low incomes to reduce their water bill by up to 90%.. I'm very annoyed about it - very angry. As a subscriber, you are shown 80% less display advertising when reading our articles.
NS&I ups rates with 1.3m savers receiving an 1bn interest BOOST but there are still far better deals elsewhere Britain's competition watchdog clears BT Sports' 540m Eurosport joint venture with Warner Bros Discovery, ECB hikes interest rates for first time in 11 years - and opts for unusually large rise as it battles red-hot inflation, Beazley raises profit forecast despite market volatility as Lloyd's of London insurer's cyber business booms, Platinum Jubilee failed to prevent retail sales dipping 0.1% in July as drivers cut back due to record fuel prices, MAGGIE PAGANO: Even 'Super' Mario Draghi didn't have a big enough bazooka to fix Italy's debt and problems, JD Sports set to match last year's record profit of 654m as athleisure demand wear remains strong, Investing to tackle some of the UK's most deep-rooted social challenges: How the Schroder BSC Social Impact Trust drives transformation in communities, I'm fascinated by the FIRE movement, says LEE BOYCE but there are a few reasons I don't quite have the discipline needed for financial independence and retiring early, Holidaymakers who had flights cancelled due to heatwave WON'T get compensation from airlines due to 'extraordinary circumstances'. But there are also many families suffering in silence, who pay their water bill but make sacrifices on other bills, such as food. That helps us fund This Is Money, and keep it free to use. )6!yTL%7|tLM/}W_wb19#m7Q[~fcZzFxa0"G9-#XyO./7nmEBYpXL&%i~_N3v~FAT*G=}4/aETL{%`[YiX2Yc.`,YfbFX:CBC'qB-@9Y4v|)0RmdrV'o?X_n~=V~]wv]?~h}BhM%|gtl?&G]&(e8s) 9p 9`O8{q:}Y}iY|?((@r @g t:@a$2\kzEFG},VZAMAlGD#2!$^|{D"cvpk_fl31o.A=OG('#z&$RD.'J$"e'g"|.@e$JRI*UIC.D6pRF w~T3 i+!duUtV]fy"W$6+Dyo==lo'u|j&TCo|Pct BP and Shell shares have bounced 45% in a year and pay big dividends, but will they be held back for not being green? Inflation is the main reason, according to regulator Ofwat. We couldn't imagine life without clean water, however there are 771 million people globally who still lack access to this basic human right. ", MPs have also criticised the rises, with Ashfield's Lee Anderson saying: "I understand the argument they have extra costs, but a 7% increase when, in other areas of the country it's about 3-4% - they really need to look at it again.". Severn Trent customers struggling with cost of living and with a household income below 16,385 can seek up to a 90% reduction on their water bill under The Big Difference Scheme. To learn more about what cookies we use and how or to change your preferences please check our cookie policy. If you live in Coventry, you may have lead water pipes that are at risk of leaking. If you enjoyed this story you can sign up to our weekly email forEnergy Live News and if youre interested in hearing more about the journey to net zero by 2050, you can also sign up to thefuture Net Zeronewsletter.
Enabling cookies permits us to gather information about which categories and articles are the most interesting to our readers, it permits us to understand how our readers consume content on our site and continually make improvements to both our layout and content. Rick Blackmore, CBI Midlands Director, said: The rising cost of living is having an acute impact on families and businesses across the country and support for those most in need is essential and welcome.. In Severn Trent's region, it said only about 21% of those facing water poverty were lifted out of it by current support schemes. These adverts enable local businesses to get in front of their target audience the local community. _sc|x{h]V}GGbJ{a/O!+Y&9TmmO]YY_Ix[1ud}e?a !#P~UK?q33P *@s-(rLJM@D %*q#M9FU9UJ$Pzy:n3V9AK& cu'5G$9N@hZ`[%%H_Y9\aRc2NJ"7DhXDF46OPeRcMkrPj:7jA"\U#zd?pyMWp)g??
694 0 obj Liv Garfield, Severn Trent CEO, said:As cost of living pressures continue to rise, were acting now to support people struggling to pay their bills. endobj Water supply interruptions in Netherwood Heath, Water Supply Interruptions In Mansfield, Nottinghamshire, Water Supply Interruptions In Draycote, Warwickshire, Water supply interruptions in Hampton on the hill. xVn0}J8-H\nWV!@JC~ ,0 "r3vp3s]k} 2#,M8C8shp
You can nominate them to win Commonwealth Games tickets! "People are going to struggle to heat their homes at the moment.
Tittesworth Water to host free sports day in celebration of the Commonwealth Games, Severn Trent invites customers to Rugby drop-in session ahead of 1.57m investment, Severn Trent urges people to use water wisely and to stay safe by staying out of reservoirs as the region heats up, Thousands of trees to give green hug around West Midlands, Severn Trent launches second Tunnel Boring Machine at Stroud site, Brendan Clarke-Smith MP visits Severn Trent's treatment works in Nottingham, Severn Trent shares impact of sewer misuse across the region, Success Stories Shared as Severn Trent Focuses on a Sustainable Future. Affiliate links: If you take out a product This is Money may earn a commission. Greenland IS a rich prospect as mining firm AEX Gold shows, MIDAS SHARE TIPS: Green revolution needs mountains of raw materials and tin's vital for your phone - and First Tin could swell your wallet, MIDAS SHARE TIPS: Sold! They said they were working on a number of projects in the North East to improve the company's environmental performance, such as a 30m spend on sewer improvements in County Durham and an investigation into bathing quality water at Marsden Beach, in South Tyneside. How have customers reacted to these changes? endobj "It's why we're taking a decision not to eliminate all storm overflows overnight because the cost of that could be several hundred billion pounds and that would be a very, very sharp increase in water bills. This means that any changes to the propertysince then will not be taken into account.
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Northumbrian Water's chief executive Heidi Mottram said: "These essential investments, together with the rising costs of inflation has meant it is necessary for us to increase our prices by a small amount.". Wonderful rivers can transform the communities around them, which is why we are launching #GetRiverPositive - our plans to improve the quality of rivers in our region by 2030. He said the increase was "not fair".
It says companies should speak to their customers in multiple ways to ensure that the support they offer is known. If youre struggling to pay your bill, see what help is available here: https://t.co/TZ4zArM9Uj pic.twitter.com/fTvO7gEMoE, Our independent review of water affordability set out a clear path to ending peoples worries over water bills and with the support of companies like Severn Trent and the wider water sector we can ensure people struggling to pay always get the help they needwhen they need it most.. endobj
By helping customers avoid falling into a debt spiral, companies can also help reduce bad debts and keep bills lower for everyone.. "This also factors in the levels of investment we're making in our infrastructure and the environment.". PROPERTY CLINIC: What is the most tax-efficient way of buying a doer-upper in Italy?
While the water industry said it has support for anybody struggling to pay their bills, consumers fear this also lacks standardisation.
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The CCW's senior policy manager Andrew White said: "It's a big concern for us and we have set out a number of different recommendations to replace the current postcode lottery of support. <>stream cEqH^N=n "Water has a monopoly which means people don't have any choice about who their water provider is.
Northumbrian Water said: "Our bills remain the lowest combined water and sewerage charges in England and continue to be less than what our customers paid for their water charges in 2019/2020.". Average bills in Cornwall, Devon and parts of Somerset and Dorset - served by South West Water - were 472. Emma Clancy, Chief Executive of the Consumer Council for Water (CCW), said:No one should have to worry about being to afford their water bill so were delighted to see Severn Trent putting its hand in its own pocket to help thousands more low-income households at a time of real crisis for many people.
Will the rest of 2022 be better for investors and can the UK market continue to outperform?
Please report any comments that break our rules. If youre not on a water meter, its likely that yourebilled according to your propertys Rateable value.
BBC News asks what lies behind it.
Severn Trent urges people to keep safe and out of its reservoirs as the region gears up for high temperatures, On your marks, get set, FLOW - Severn Trent share first look at Birmingham 2022 Commonwealth Games water refill stations, Severn Trent invites locals to community consultation as part of its 76m Green Recovery investment for Mansfield, Severn Trents 20m smart meter roll out hits ambitious early target, Worcester MP Robin Walker visits Severn Trent sewage treatment works, Severn Trent supports 33 not-for-profit groups with share of latest 250,000 from its Community Fund, Severn Trent and Wessex Water join forces to find innovative and sustainable solutions for future waste processing, Severn Trent on the lookout for Tiny Forest Tree Keepers, Pauline Latham MP visits Severn Trent works in Derby, 78m Bathing Rivers project gets underway in Ludlow, Severn Trent seeks new suppliers to support the delivery of its 78m Green Recovery supply pipe programme, People struggling with cost of living can seek up to a 90% reduction on their water bill, Tunnel Boring Machine named Florence launched in Stroud as part of 25m Severn Trent project.
Rising bills, it said, were in line with the revenue controls set by Ofwat. <> We are working with WaterAid to install life-changing clean water systems around the world, helping to change lives, like Olivia's, for the better. The CCW, a consumer body, said there were big regional variations in the percentage of households receiving support. Registered in England & Wales | 01676637 |. HP10 9TY. Customers currently do not pick up the costs of fines imposed on water companies due to failures to meet standards, according to the Consumer Council for Water (CCW). endobj Our customers facing cost of living pressures can seek up to 90% reduction on their water bill. Experts say the wide variation in bills comes down to factors such as how spread out the population is - dense, urban areas tend to cost less to supply - and how much coastline the region has. We do not write articles to promote products. "Other companies should look to do more to respond to the cost of living worries and we will be issuing new guidelines to signal the increased expectations of Ofwat and the public.". The companies operate in five-year business cycles, with the latest running until 2025, where Ofwat approves the services they will deliver and the amount they will charge for them. Your water bill covers more than just the cost of cleaning the water you use and the waste water we take away. x \,02,0>l(#0 jXKXFVm0j[VfkV^76K^ApY=9. We want your bill to be as clear as possible. LZ. They can be making bills easier to understand and pay, helping those that need further support, and go further to help people repay their debt if they fall behind. Users of Wessex Water - which also supplies water to Somerset and Dorset, as well as Bristol and Wiltshire, saw average bills stand at 470. Jamie Oliver's 1970 Ford Capri - the car that featured in Channel 4 TV show 'Jamie and Jimmy's Friday Night Feast' - is for sale, Ready, steady, tow! To calculate Rateable Value bills, we multiply the property'sRateable Value by the tariff charge. A third are expected to be in 'fuel poverty' by Christmas, as heightened bills push households over the limit, The butcher, baker and candlestick maker: How traditional businesses are turning to technology to survive on the High Street, ULEZ expansion failed to cut London's toxic emissions, TfL report suggests, but Sadiq Khan claims it's made 'incredible difference' as he plots extension, Five money saving tips: From holiday hacks to getting creative in the kitchen and a new discount supermarket. hIUPi)uMMBd)=&dw ?4`a5KGqF]e*r({=F6,6ynxI4-u}t~}q nG!: Steve Willey, from Sherwood, Nottingham, is served by Severn Trent Water, which is seeing the second highest average rise in the country. This site is part of Newsquest's audited local newspaper network. "The cost of living keeps going up all the time at the moment. It costs nothing to install and you can trial it for twoyears.
The Consumer Council for Water said: Noone should have to worry about being able to afford something as essential as water. ] Y?H2| They were an assessment of the annual rental value of aproperty and helped local councils calculate the amount of local tax a householdwould pay. The Ofwat guidelines also cover other areas such as bereavement support, customer rights and debt recovery. <>stream Because of this, Rateable Value is not always an accurateway of fairly representing your water use. Published: 22:30 BST, 25 May 2022 | Updated: 22:30 BST, 25 May 2022, Severn Trent has launched a 30million fund to help low-income families struggling to pay their water bills., The scheme is expected to cut the bills of 100,000 customers by up to 90 per cent and aims to support 315,000 customers by 2025., As cost of living pressures continue, were acting now, said Severn Trent boss Liv Garfield., 30m fund: Severn Trent boss Liv Garfield says the money will help low income families, She added: We dont want anybody in our region feeling nervous about their water bill arriving., Management consultant CEPA says 6.5 per cent of households around 1.5m are in water poverty, meaning they spend more than 5 per cent of their income after housing costs on water bills., But Severn Trent sparked anger with its plans to pay around 154million in dividends to investors., The water supplier for an area stretching from the Cotswolds to Lincolnshire, reported a profit for the year of 506million, up 7.5 per cent on last year, while revenues climbed 6.4 per cent to 1.9billion., Separately, the water industry regulator Ofwat yesterday called on firms to do more. approved some of the investment Ofwat had initially ruled out. MIDAS SHARE TIPS: Erik the Viking was right! Both Severn Trent and Northumbrian Water said that while they have seen the highest rises, the amount they charge was still lower than average bills in other parts of the country. This means when companies such as Severn Trent are fined 1.5m for sewage discharge, that eats into their profits, rather than being added on to bills.
Customers of some other companies have actually seen average bills fall. The nano-diamond battery's power comes from radioactive isotopes used in nuclear reactors. Schemes differ across the country, depending on the arrangements the companies have with their customers - whose bills fund such support. South West Water said: "Providing our services across a large geographic area which includes about a third of the country's bathing waters means we need more treatment works and thousands of miles of pipes.
The Rateable Value was based on the size and condition ofthe home, and the availability of local services, and other factors like theview from the property. Some links in this article may be affiliate links. <>/Filter/FlateDecode/ID[<6B6D105BDB6CDC449168398EFC2431F2><0AA772F18CB1B2110A005082EC9AFF7F>]/Index[689 26]/Info 688 0 R/Length 73/Prev 495194/Root 690 0 R/Size 715/Type/XRef/W[1 3 1]>>stream 689 0 obj The way local taxes were calculated changed in 1990, andRateable Value was no longer used.
A Severn Trent spokesperson said: "The recent change to customer bills is linked to inflation, reflecting the cost of living increase we're experiencing right across our supply chain. 693 0 obj "Our customers have the second lowest bill in the UK, at around 1 per day, but we know that for some, paying this remains a challenge. Rare low-mileage 1965 Mini Cooper S with the same owner for 56 years and stored in a GARDEN SHED for three decades could fetch 32,000 at auction. The water company has pledged to support an extra 100,000 customers who are struggling to pay their water bills. Research carried out by Ofwat earlier this year showed that just over half of water bill payers believe they will struggle to pay a utility bill over the coming year, rising to seven in 10 if there are children in the household. The comments below have not been moderated.
"We're pleased to see Severn Trent recognising the increased pressure facing customers and acting now to help those struggling in water poverty.
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To give you the best experience, we ask that you enable cookies. The funds are available to those on low incomes. Follow BBC East Midlands on Facebook, Twitter, or Instagram.
If we want it to stay wonderful, we all need to look after it.
People can get up to 90 per cent offtheir water bills as the cost of living rises. We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. There's a whole lot more we do behind the scenes. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. The cost of living crisis has seen fuel and energy bills rise sharply - but water customers in some parts of the country have also noticed an increase in their bills. ", Christine McGourty, CEO of Water UK, the trade association representing water companies, said: "I would urge anyone who's concerned to get in touch with their water company.". <>stream contact the editor here. Energy Live News Ltd It seems bills are going up and National Insurance keeps going up," he said. It says doing so should lead to customers getting further help when they need it, including the offer of a social tariff that reduces water bills for eligible customers. Severn Trent are fined 1.5m for sewage discharge, said concerns about water companies discharging raw sewage into rivers, Man killed as sink hole opens under swimming pool, Myanmars former soldiers admit to atrocities, Russia 'looting' steel bound for Europe and UK, Czechs demolish pig farm on Nazi concentration camp, US reports first polio case in nearly a decade, Ex-policeman jailed for George Floyd killing role.
<>/MediaBox[0 0 595.32 841.92]/Parent 687 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> New guidelines published by Ofwat require companies to offer more flexible payment options for customers on irregular incomes and zero hours contracts. Liv Garfield, Severn Trent CEO, said:As cost of living pressures continueto rise, were acting now to support people struggling to pay their bills. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. This has meant four companies - Anglian, Bristol, Northumbrian and Yorkshire - saw changes to their price controls. Read about our approach to external linking. endstream This is Money is part of the Daily Mail, Mail on Sunday & Metro media group. Ukrainians given sight back settle into new life, 'We've spent years preparing our Comic-Con costumes' Video'We've spent years preparing our Comic-Con costumes', 'I built a career from true crime and make-up', Whisky makers are turning their backs on peat, No faith in Russia, Germany scrambles for energy, Most of us don't clean our teeth in the right way, Why dark Japanese fairy tale Princess Mononoke was too much for Hollywood, Some street vendors say moonlight and dew are the magic ingredients. 
Comments have been closed on this article. But this may not happen until 2025 - and campaigners argue many customers need help now. Customers in that region get a government reduction, due to the region's long coastline and the amount of bathing water that requires maintenance. Emma Kelso, senior director at Ofwat, said: Many customers were struggling before the pandemic, and the current cost of living pressures are squeezing household incomes even further. From our rivers to our reservoirs, its not just any old water, its our water. 
MIDAS SHARE TIPS: Could these dividend powerhouses be your building blocks for income investing success? A review by the Competition and Marketing Authority (CMA) approved some of the investment Ofwat had initially ruled out. Regarding water poverty, the CCW is hopeful it will get government backing for a single water bill assistance scheme, which would standardise support. As a result, some bills are going up significantly due to rising inflation rates. Outgoing Marks and Spencer boss Steve Rowe leaves on a high Business secretary Kwasi Kwarteng set to probe Beijing How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing platform, Easy and most popular DIY investing platform, 9.99 per month and money back in free trades, Max 42 investment trust and shares ISA fee, 0.35% annual fee and responsible investing list, Read our full guide to the best investing platforms, > Compare the best investing platform for you. Earlier this week, Ofwat published new guidelines for water companies to help customers pay bills, get help and repay debts. Ofwat director Emma Kelso said: We want companies to continue to go above and beyond for customers.. We think its important to give back to communities by caring for the environment, supporting the next generation into work, and making our region a great place to live. inaccuracy or intrusion, then please CRANE ON THE CASE: Tui booked our wedding in-store in a country where same-sex marriage is illegal: Why won't it refund our deposit? 690 0 obj
"And if you're going to have that target to reduce sewage overflows into the water, there's a cost of putting in place that kind of infrastructure.". The funds are available to those on low incomes. %%EOF If the size of the property, or the amount of people livingin it, has changed since April 1990, the Rateable Value may not be accurate. The move comes as regulator Ofwat publishes new guidelines for water companies to help household customers across England and Wales pay bills, get help and repay debts. Of the 11 water and sewerage companies in England and Wales, customers of Northumbrian Water (10.8%) and Severn Trent (7.1%) have seen the highest average bill rises. endobj
2022 BBC. Find out if you're eligible for our Lead Replacement scheme today. Caravans have never been more popular: Here's RAY MASSEY'S guide to some of the best cars with pulling power. Nadia Whittome, the Labour MP for Nottingham East, has called for private companies to be brought back into public ownership. If youre not on a water meter, its likely that youre billed according to your propertys Rateable Value.
Get a discount code to save on your internet security, Discover a range of promo codes on kitchen appliances, Get great deals on existing and new plans, Upgrade your phones with these mobile deals, Click through to score Dell's discount code, DWP insults grieving family of woman wrongly refused a state pension by drastically slashing backpayment to 'measly' sum following her death, BUSINESS LIVE: British retail sales dip 0.1%; JD Sports revenues on the rise; Insurer Beazley profits plummet 87%, How to save money on home insurance: What you need to know to get the best and cheapest deal for building and contents, Is it time to scrap standing charges? Our new guidelines are clear in what water companies can do to support customers. VAT No: 988 8336 42. Water companies will also need to talk sensitively with customers struggling to pay to understand their circumstances and resolve problems without needing to take debt recovery action. Its not always possible to fit a water meter ata property.
The most accurate way for you to pay fairly for the wateryou use is to be billed using a water meter. 695 0 obj 699 0 obj US startup unveils battery made from nuclear waste that could last up to 28,000 years, UK fires up biggest electricity market reform in a generation, Gazprom reportedly declares Force Majeure on some of its European customers. We review our charges every year to make sure you get the best value service. Is Europe set for its worst wildfire season?
Keep our water flowing for everyone this summer and please follow some simple steps to reduce your water usage. Im pleased to announce a commitment today to help thousands more people on low incomes to reduce their water bill by up to 90%.. Companies like Severn Trent can charge what they want and privatisation is actually costing us more money," she said. We've put together a simple guide to help you understand how they're calculated. It said the problem is particularly acute in regions like the North West, where 12% of households need support but only about 3% of households were currently receiving such help. We can support you with a range of alternative formats to suit your needs. If this is the case for you, well talk to you about your optionsfor other forms of unmetered billing.
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Send your story ideas to eastmidsnews@bbc.co.uk. Water is wonderful and we've got some free water saving devices that can help you save it. endobj The scheme is already up and running and supports about 215,000 households with a social tariff the extra money will provide support for a further 100,000 people. contact IPSO here, 2001-2022. Read about our approach to external linking. Biotech shares are in the doldrums and that gives investors an opportunity: International Biotechnology Trust's Ailsa Craig, Blue Whale's Stephen Yiu: Why I ditched Facebook for better and more reliable growth opportunities. Severn Trent claims to be the first water company in the UK to offer support on this scale.
Those ads you do see are predominantly from local businesses promoting local services. startxref Has the shift from growth to value kicked in already and what shares could profit? All water companies are able to increase bills in line with inflation. Feel free to contact us with any enquiries, Be a good sport! 714 0 obj endobj Council Tax bands are more frequently updated, but were notlegally allowed to use Council Tax bands to calculate water bills. Make a bid for bargain Auction Technology Group, a fast-growing, well managed business at forefront of its field, MIDAS SHARE TIPS UPDATE: Tate & Lyle tastes growing returns as its products remove four million tons of sugar from our food and drink, MIDAS SHARE TIPS UPDATE: Fish supplier Hilton Food Group is still a catch after rise in share price, GCP ASSET BACKED INCOME: Trust's mission is to produce a steady income, with the occasional special dividend in good times, M&G GLOBAL LISTED INFRASTRUCTURE: Looking for solid foundations to deliver reliable long-term income, GUINNESS GLOBAL EQUITY INCOME: The dividend fund that's designed for tricky times, GLOBAL SMALLER COMPANIES TRUST: Small firms with growth promise and a big record on dividends, ODYSSEAN INVESTMENT TRUST: A special situations fund which invests in small listed UK companies that are leaders in their fields, LIONTRUST UK EQUITY: The fund that's hoping to find its roar again by backing the best of British shares, RATHBONE STRATEGIC GROWTH PORTFOLIO: Conservative fund aims to take some risk out of investing, but is backing tech bounce-back, HENDERSON INTERNATIONAL INCOME: Eleven years of rising dividends from backing firms that stand up to economic headwinds, SCHRODER UK MID CAP: It's a roller coaster journey, but FTSE 250 stock picker is taking the fight to inflation, AUBREY EUROPEAN CONVICTION: We look at the long-term trends not short-term moves, says manager of small but nimble fund, BUSINESS LIVE: Retail sales | JD Sports | Beazley, JD Sports set to match record 2021 profits, BT Sports' 540m Eurosport joint venture cleared, Beazley raises profit forecast on cyber boom, Marks & Spencer finance bossexits for ABF, MoneySupermarket outperforms in first half, S4 Capital shares almost halve on profit warning.
NS&I ups rates with 1.3m savers receiving an 1bn interest BOOST but there are still far better deals elsewhere Britain's competition watchdog clears BT Sports' 540m Eurosport joint venture with Warner Bros Discovery, ECB hikes interest rates for first time in 11 years - and opts for unusually large rise as it battles red-hot inflation, Beazley raises profit forecast despite market volatility as Lloyd's of London insurer's cyber business booms, Platinum Jubilee failed to prevent retail sales dipping 0.1% in July as drivers cut back due to record fuel prices, MAGGIE PAGANO: Even 'Super' Mario Draghi didn't have a big enough bazooka to fix Italy's debt and problems, JD Sports set to match last year's record profit of 654m as athleisure demand wear remains strong, Investing to tackle some of the UK's most deep-rooted social challenges: How the Schroder BSC Social Impact Trust drives transformation in communities, I'm fascinated by the FIRE movement, says LEE BOYCE but there are a few reasons I don't quite have the discipline needed for financial independence and retiring early, Holidaymakers who had flights cancelled due to heatwave WON'T get compensation from airlines due to 'extraordinary circumstances'. But there are also many families suffering in silence, who pay their water bill but make sacrifices on other bills, such as food. That helps us fund This Is Money, and keep it free to use. )6!yTL%7|tLM/}W_wb19#m7Q[~fcZzFxa0"G9-#XyO./7nmEBYpXL&%i~_N3v~FAT*G=}4/aETL{%`[YiX2Yc.`,YfbFX:CBC'qB-@9Y4v|)0RmdrV'o?X_n~=V~]wv]?~h}BhM%|gtl?&G]&(e8s) 9p 9`O8{q:}Y}iY|?((@r @g t:@a$2\kzEFG},VZAMAlGD#2!$^|{D"cvpk_fl31o.A=OG('#z&$RD.'J$"e'g"|.@e$JRI*UIC.D6pRF w~T3 i+!duUtV]fy"W$6+Dyo==lo'u|j&TCo|Pct BP and Shell shares have bounced 45% in a year and pay big dividends, but will they be held back for not being green? Inflation is the main reason, according to regulator Ofwat. We couldn't imagine life without clean water, however there are 771 million people globally who still lack access to this basic human right. ", MPs have also criticised the rises, with Ashfield's Lee Anderson saying: "I understand the argument they have extra costs, but a 7% increase when, in other areas of the country it's about 3-4% - they really need to look at it again.". Severn Trent customers struggling with cost of living and with a household income below 16,385 can seek up to a 90% reduction on their water bill under The Big Difference Scheme. To learn more about what cookies we use and how or to change your preferences please check our cookie policy. If you live in Coventry, you may have lead water pipes that are at risk of leaking. If you enjoyed this story you can sign up to our weekly email forEnergy Live News and if youre interested in hearing more about the journey to net zero by 2050, you can also sign up to thefuture Net Zeronewsletter.
Enabling cookies permits us to gather information about which categories and articles are the most interesting to our readers, it permits us to understand how our readers consume content on our site and continually make improvements to both our layout and content. Rick Blackmore, CBI Midlands Director, said: The rising cost of living is having an acute impact on families and businesses across the country and support for those most in need is essential and welcome.. In Severn Trent's region, it said only about 21% of those facing water poverty were lifted out of it by current support schemes. These adverts enable local businesses to get in front of their target audience the local community. _sc|x{h]V}GGbJ{a/O!+Y&9TmmO]YY_Ix[1ud}e?a !#P~UK?q33P *@s-(rLJM@D %*q#M9FU9UJ$Pzy:n3V9AK& cu'5G$9N@hZ`[%%H_Y9\aRc2NJ"7DhXDF46OPeRcMkrPj:7jA"\U#zd?pyMWp)g??
694 0 obj Liv Garfield, Severn Trent CEO, said:As cost of living pressures continue to rise, were acting now to support people struggling to pay their bills. endobj Water supply interruptions in Netherwood Heath, Water Supply Interruptions In Mansfield, Nottinghamshire, Water Supply Interruptions In Draycote, Warwickshire, Water supply interruptions in Hampton on the hill. xVn0}J8-H\nWV!@JC~ ,0 "r3vp3s]k} 2#,M8C8shp
You can nominate them to win Commonwealth Games tickets! "People are going to struggle to heat their homes at the moment.
Tittesworth Water to host free sports day in celebration of the Commonwealth Games, Severn Trent invites customers to Rugby drop-in session ahead of 1.57m investment, Severn Trent urges people to use water wisely and to stay safe by staying out of reservoirs as the region heats up, Thousands of trees to give green hug around West Midlands, Severn Trent launches second Tunnel Boring Machine at Stroud site, Brendan Clarke-Smith MP visits Severn Trent's treatment works in Nottingham, Severn Trent shares impact of sewer misuse across the region, Success Stories Shared as Severn Trent Focuses on a Sustainable Future. Affiliate links: If you take out a product This is Money may earn a commission. Greenland IS a rich prospect as mining firm AEX Gold shows, MIDAS SHARE TIPS: Green revolution needs mountains of raw materials and tin's vital for your phone - and First Tin could swell your wallet, MIDAS SHARE TIPS: Sold! They said they were working on a number of projects in the North East to improve the company's environmental performance, such as a 30m spend on sewer improvements in County Durham and an investigation into bathing quality water at Marsden Beach, in South Tyneside. How have customers reacted to these changes? endobj "It's why we're taking a decision not to eliminate all storm overflows overnight because the cost of that could be several hundred billion pounds and that would be a very, very sharp increase in water bills. This means that any changes to the propertysince then will not be taken into account.
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Northumbrian Water's chief executive Heidi Mottram said: "These essential investments, together with the rising costs of inflation has meant it is necessary for us to increase our prices by a small amount.". Wonderful rivers can transform the communities around them, which is why we are launching #GetRiverPositive - our plans to improve the quality of rivers in our region by 2030. He said the increase was "not fair".
It says companies should speak to their customers in multiple ways to ensure that the support they offer is known. If youre struggling to pay your bill, see what help is available here: https://t.co/TZ4zArM9Uj pic.twitter.com/fTvO7gEMoE, Our independent review of water affordability set out a clear path to ending peoples worries over water bills and with the support of companies like Severn Trent and the wider water sector we can ensure people struggling to pay always get the help they needwhen they need it most.. endobj
By helping customers avoid falling into a debt spiral, companies can also help reduce bad debts and keep bills lower for everyone.. "This also factors in the levels of investment we're making in our infrastructure and the environment.". PROPERTY CLINIC: What is the most tax-efficient way of buying a doer-upper in Italy?
While the water industry said it has support for anybody struggling to pay their bills, consumers fear this also lacks standardisation.
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The CCW's senior policy manager Andrew White said: "It's a big concern for us and we have set out a number of different recommendations to replace the current postcode lottery of support. <>stream cEqH^N=n "Water has a monopoly which means people don't have any choice about who their water provider is.
Northumbrian Water said: "Our bills remain the lowest combined water and sewerage charges in England and continue to be less than what our customers paid for their water charges in 2019/2020.". Average bills in Cornwall, Devon and parts of Somerset and Dorset - served by South West Water - were 472. Emma Clancy, Chief Executive of the Consumer Council for Water (CCW), said:No one should have to worry about being to afford their water bill so were delighted to see Severn Trent putting its hand in its own pocket to help thousands more low-income households at a time of real crisis for many people.
Will the rest of 2022 be better for investors and can the UK market continue to outperform?
Please report any comments that break our rules. If youre not on a water meter, its likely that yourebilled according to your propertys Rateable value.
BBC News asks what lies behind it.
Severn Trent urges people to keep safe and out of its reservoirs as the region gears up for high temperatures, On your marks, get set, FLOW - Severn Trent share first look at Birmingham 2022 Commonwealth Games water refill stations, Severn Trent invites locals to community consultation as part of its 76m Green Recovery investment for Mansfield, Severn Trents 20m smart meter roll out hits ambitious early target, Worcester MP Robin Walker visits Severn Trent sewage treatment works, Severn Trent supports 33 not-for-profit groups with share of latest 250,000 from its Community Fund, Severn Trent and Wessex Water join forces to find innovative and sustainable solutions for future waste processing, Severn Trent on the lookout for Tiny Forest Tree Keepers, Pauline Latham MP visits Severn Trent works in Derby, 78m Bathing Rivers project gets underway in Ludlow, Severn Trent seeks new suppliers to support the delivery of its 78m Green Recovery supply pipe programme, People struggling with cost of living can seek up to a 90% reduction on their water bill, Tunnel Boring Machine named Florence launched in Stroud as part of 25m Severn Trent project.
Rising bills, it said, were in line with the revenue controls set by Ofwat. <> We are working with WaterAid to install life-changing clean water systems around the world, helping to change lives, like Olivia's, for the better. The CCW, a consumer body, said there were big regional variations in the percentage of households receiving support. Registered in England & Wales | 01676637 |. HP10 9TY. Customers currently do not pick up the costs of fines imposed on water companies due to failures to meet standards, according to the Consumer Council for Water (CCW). endobj Our customers facing cost of living pressures can seek up to 90% reduction on their water bill. Experts say the wide variation in bills comes down to factors such as how spread out the population is - dense, urban areas tend to cost less to supply - and how much coastline the region has. We do not write articles to promote products. "Other companies should look to do more to respond to the cost of living worries and we will be issuing new guidelines to signal the increased expectations of Ofwat and the public.". The companies operate in five-year business cycles, with the latest running until 2025, where Ofwat approves the services they will deliver and the amount they will charge for them. Your water bill covers more than just the cost of cleaning the water you use and the waste water we take away. x \,02,0>l(#0 jXKXFVm0j[VfkV^76K^ApY=9. We want your bill to be as clear as possible. LZ. They can be making bills easier to understand and pay, helping those that need further support, and go further to help people repay their debt if they fall behind. Users of Wessex Water - which also supplies water to Somerset and Dorset, as well as Bristol and Wiltshire, saw average bills stand at 470. Jamie Oliver's 1970 Ford Capri - the car that featured in Channel 4 TV show 'Jamie and Jimmy's Friday Night Feast' - is for sale, Ready, steady, tow! To calculate Rateable Value bills, we multiply the property'sRateable Value by the tariff charge. A third are expected to be in 'fuel poverty' by Christmas, as heightened bills push households over the limit, The butcher, baker and candlestick maker: How traditional businesses are turning to technology to survive on the High Street, ULEZ expansion failed to cut London's toxic emissions, TfL report suggests, but Sadiq Khan claims it's made 'incredible difference' as he plots extension, Five money saving tips: From holiday hacks to getting creative in the kitchen and a new discount supermarket. hIUPi)uMMBd)=&dw ?4`a5KGqF]e*r({=F6,6ynxI4-u}t~}q nG!: Steve Willey, from Sherwood, Nottingham, is served by Severn Trent Water, which is seeing the second highest average rise in the country. This site is part of Newsquest's audited local newspaper network. "The cost of living keeps going up all the time at the moment. It costs nothing to install and you can trial it for twoyears.
The Consumer Council for Water said: Noone should have to worry about being able to afford something as essential as water. ] Y?H2| They were an assessment of the annual rental value of aproperty and helped local councils calculate the amount of local tax a householdwould pay. The Ofwat guidelines also cover other areas such as bereavement support, customer rights and debt recovery. <>stream Because of this, Rateable Value is not always an accurateway of fairly representing your water use. Published: 22:30 BST, 25 May 2022 | Updated: 22:30 BST, 25 May 2022, Severn Trent has launched a 30million fund to help low-income families struggling to pay their water bills., The scheme is expected to cut the bills of 100,000 customers by up to 90 per cent and aims to support 315,000 customers by 2025., As cost of living pressures continue, were acting now, said Severn Trent boss Liv Garfield., 30m fund: Severn Trent boss Liv Garfield says the money will help low income families, She added: We dont want anybody in our region feeling nervous about their water bill arriving., Management consultant CEPA says 6.5 per cent of households around 1.5m are in water poverty, meaning they spend more than 5 per cent of their income after housing costs on water bills., But Severn Trent sparked anger with its plans to pay around 154million in dividends to investors., The water supplier for an area stretching from the Cotswolds to Lincolnshire, reported a profit for the year of 506million, up 7.5 per cent on last year, while revenues climbed 6.4 per cent to 1.9billion., Separately, the water industry regulator Ofwat yesterday called on firms to do more. approved some of the investment Ofwat had initially ruled out. MIDAS SHARE TIPS: Erik the Viking was right! Both Severn Trent and Northumbrian Water said that while they have seen the highest rises, the amount they charge was still lower than average bills in other parts of the country. This means when companies such as Severn Trent are fined 1.5m for sewage discharge, that eats into their profits, rather than being added on to bills.
Customers of some other companies have actually seen average bills fall. The nano-diamond battery's power comes from radioactive isotopes used in nuclear reactors. Schemes differ across the country, depending on the arrangements the companies have with their customers - whose bills fund such support. South West Water said: "Providing our services across a large geographic area which includes about a third of the country's bathing waters means we need more treatment works and thousands of miles of pipes.
The Rateable Value was based on the size and condition ofthe home, and the availability of local services, and other factors like theview from the property. Some links in this article may be affiliate links. <>/Filter/FlateDecode/ID[<6B6D105BDB6CDC449168398EFC2431F2><0AA772F18CB1B2110A005082EC9AFF7F>]/Index[689 26]/Info 688 0 R/Length 73/Prev 495194/Root 690 0 R/Size 715/Type/XRef/W[1 3 1]>>stream 689 0 obj The way local taxes were calculated changed in 1990, andRateable Value was no longer used.
A Severn Trent spokesperson said: "The recent change to customer bills is linked to inflation, reflecting the cost of living increase we're experiencing right across our supply chain. 693 0 obj "Our customers have the second lowest bill in the UK, at around 1 per day, but we know that for some, paying this remains a challenge. Rare low-mileage 1965 Mini Cooper S with the same owner for 56 years and stored in a GARDEN SHED for three decades could fetch 32,000 at auction. The water company has pledged to support an extra 100,000 customers who are struggling to pay their water bills. Research carried out by Ofwat earlier this year showed that just over half of water bill payers believe they will struggle to pay a utility bill over the coming year, rising to seven in 10 if there are children in the household. The comments below have not been moderated.
"We're pleased to see Severn Trent recognising the increased pressure facing customers and acting now to help those struggling in water poverty.
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To give you the best experience, we ask that you enable cookies. The funds are available to those on low incomes. Follow BBC East Midlands on Facebook, Twitter, or Instagram.
If we want it to stay wonderful, we all need to look after it.
People can get up to 90 per cent offtheir water bills as the cost of living rises. We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. There's a whole lot more we do behind the scenes. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. The cost of living crisis has seen fuel and energy bills rise sharply - but water customers in some parts of the country have also noticed an increase in their bills. ", Christine McGourty, CEO of Water UK, the trade association representing water companies, said: "I would urge anyone who's concerned to get in touch with their water company.". <>stream contact the editor here. Energy Live News Ltd It seems bills are going up and National Insurance keeps going up," he said. It says doing so should lead to customers getting further help when they need it, including the offer of a social tariff that reduces water bills for eligible customers. Severn Trent are fined 1.5m for sewage discharge, said concerns about water companies discharging raw sewage into rivers, Man killed as sink hole opens under swimming pool, Myanmars former soldiers admit to atrocities, Russia 'looting' steel bound for Europe and UK, Czechs demolish pig farm on Nazi concentration camp, US reports first polio case in nearly a decade, Ex-policeman jailed for George Floyd killing role.
<>/MediaBox[0 0 595.32 841.92]/Parent 687 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> New guidelines published by Ofwat require companies to offer more flexible payment options for customers on irregular incomes and zero hours contracts. Liv Garfield, Severn Trent CEO, said:As cost of living pressures continueto rise, were acting now to support people struggling to pay their bills. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. This has meant four companies - Anglian, Bristol, Northumbrian and Yorkshire - saw changes to their price controls. Read about our approach to external linking. endstream This is Money is part of the Daily Mail, Mail on Sunday & Metro media group. Ukrainians given sight back settle into new life, 'We've spent years preparing our Comic-Con costumes' Video'We've spent years preparing our Comic-Con costumes', 'I built a career from true crime and make-up', Whisky makers are turning their backs on peat, No faith in Russia, Germany scrambles for energy, Most of us don't clean our teeth in the right way, Why dark Japanese fairy tale Princess Mononoke was too much for Hollywood, Some street vendors say moonlight and dew are the magic ingredients. Comments have been closed on this article. But this may not happen until 2025 - and campaigners argue many customers need help now. Customers in that region get a government reduction, due to the region's long coastline and the amount of bathing water that requires maintenance. Emma Kelso, senior director at Ofwat, said: Many customers were struggling before the pandemic, and the current cost of living pressures are squeezing household incomes even further. From our rivers to our reservoirs, its not just any old water, its our water. MIDAS SHARE TIPS: Could these dividend powerhouses be your building blocks for income investing success? A review by the Competition and Marketing Authority (CMA) approved some of the investment Ofwat had initially ruled out. Regarding water poverty, the CCW is hopeful it will get government backing for a single water bill assistance scheme, which would standardise support. As a result, some bills are going up significantly due to rising inflation rates. Outgoing Marks and Spencer boss Steve Rowe leaves on a high Business secretary Kwasi Kwarteng set to probe Beijing How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing platform, Easy and most popular DIY investing platform, 9.99 per month and money back in free trades, Max 42 investment trust and shares ISA fee, 0.35% annual fee and responsible investing list, Read our full guide to the best investing platforms, > Compare the best investing platform for you. Earlier this week, Ofwat published new guidelines for water companies to help customers pay bills, get help and repay debts. Ofwat director Emma Kelso said: We want companies to continue to go above and beyond for customers.. We think its important to give back to communities by caring for the environment, supporting the next generation into work, and making our region a great place to live. inaccuracy or intrusion, then please CRANE ON THE CASE: Tui booked our wedding in-store in a country where same-sex marriage is illegal: Why won't it refund our deposit? 690 0 obj "And if you're going to have that target to reduce sewage overflows into the water, there's a cost of putting in place that kind of infrastructure.". The funds are available to those on low incomes. %%EOF If the size of the property, or the amount of people livingin it, has changed since April 1990, the Rateable Value may not be accurate. The move comes as regulator Ofwat publishes new guidelines for water companies to help household customers across England and Wales pay bills, get help and repay debts. Of the 11 water and sewerage companies in England and Wales, customers of Northumbrian Water (10.8%) and Severn Trent (7.1%) have seen the highest average bill rises. endobj
2022 BBC. Find out if you're eligible for our Lead Replacement scheme today. Caravans have never been more popular: Here's RAY MASSEY'S guide to some of the best cars with pulling power. Nadia Whittome, the Labour MP for Nottingham East, has called for private companies to be brought back into public ownership. If youre not on a water meter, its likely that youre billed according to your propertys Rateable Value.
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The most accurate way for you to pay fairly for the wateryou use is to be billed using a water meter. 695 0 obj 699 0 obj US startup unveils battery made from nuclear waste that could last up to 28,000 years, UK fires up biggest electricity market reform in a generation, Gazprom reportedly declares Force Majeure on some of its European customers. We review our charges every year to make sure you get the best value service. Is Europe set for its worst wildfire season?
Keep our water flowing for everyone this summer and please follow some simple steps to reduce your water usage. Im pleased to announce a commitment today to help thousands more people on low incomes to reduce their water bill by up to 90%.. Companies like Severn Trent can charge what they want and privatisation is actually costing us more money," she said. We've put together a simple guide to help you understand how they're calculated. It said the problem is particularly acute in regions like the North West, where 12% of households need support but only about 3% of households were currently receiving such help. We can support you with a range of alternative formats to suit your needs. If this is the case for you, well talk to you about your optionsfor other forms of unmetered billing.
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Send your story ideas to eastmidsnews@bbc.co.uk. Water is wonderful and we've got some free water saving devices that can help you save it. endobj The scheme is already up and running and supports about 215,000 households with a social tariff the extra money will provide support for a further 100,000 people. contact IPSO here, 2001-2022. Read about our approach to external linking. Biotech shares are in the doldrums and that gives investors an opportunity: International Biotechnology Trust's Ailsa Craig, Blue Whale's Stephen Yiu: Why I ditched Facebook for better and more reliable growth opportunities. Severn Trent claims to be the first water company in the UK to offer support on this scale.
Those ads you do see are predominantly from local businesses promoting local services. startxref Has the shift from growth to value kicked in already and what shares could profit? All water companies are able to increase bills in line with inflation. Feel free to contact us with any enquiries, Be a good sport! 714 0 obj endobj Council Tax bands are more frequently updated, but were notlegally allowed to use Council Tax bands to calculate water bills. Make a bid for bargain Auction Technology Group, a fast-growing, well managed business at forefront of its field, MIDAS SHARE TIPS UPDATE: Tate & Lyle tastes growing returns as its products remove four million tons of sugar from our food and drink, MIDAS SHARE TIPS UPDATE: Fish supplier Hilton Food Group is still a catch after rise in share price, GCP ASSET BACKED INCOME: Trust's mission is to produce a steady income, with the occasional special dividend in good times, M&G GLOBAL LISTED INFRASTRUCTURE: Looking for solid foundations to deliver reliable long-term income, GUINNESS GLOBAL EQUITY INCOME: The dividend fund that's designed for tricky times, GLOBAL SMALLER COMPANIES TRUST: Small firms with growth promise and a big record on dividends, ODYSSEAN INVESTMENT TRUST: A special situations fund which invests in small listed UK companies that are leaders in their fields, LIONTRUST UK EQUITY: The fund that's hoping to find its roar again by backing the best of British shares, RATHBONE STRATEGIC GROWTH PORTFOLIO: Conservative fund aims to take some risk out of investing, but is backing tech bounce-back, HENDERSON INTERNATIONAL INCOME: Eleven years of rising dividends from backing firms that stand up to economic headwinds, SCHRODER UK MID CAP: It's a roller coaster journey, but FTSE 250 stock picker is taking the fight to inflation, AUBREY EUROPEAN CONVICTION: We look at the long-term trends not short-term moves, says manager of small but nimble fund, BUSINESS LIVE: Retail sales | JD Sports | Beazley, JD Sports set to match record 2021 profits, BT Sports' 540m Eurosport joint venture cleared, Beazley raises profit forecast on cyber boom, Marks & Spencer finance bossexits for ABF, MoneySupermarket outperforms in first half, S4 Capital shares almost halve on profit warning.