When I was a kid in Fenham the water rates were a Guinea: 10 and 6 if you lived in a maisonette. You only got them once a year and My Dad showed them to me with relish and said rain was free and Victorian engineering would last a millennium.
The billionaire owner of Northumbrian Water is at the centre of a documentary being aired on North East screens on Monday (12 Jan) night.
The water company, owned by Hong Kong-based Li Ka-shing, one of the richest men in the world, has made more than £630m profit in the last two years, according to BBC investigations programme Inside Out.
But the firm pays on average less than 10% tax because of a legal tax loophole, the show will claim.
Northumbrian Water told the BBC that the company always acts transparently and within the letter and spirit of the law, adding that it is not in dispute with HM Revenue and Customs on its tax affairs.
But presenter Chris Jackson will tell viewers:
“Northumbrian Water sounds nice and local but when you pay the bill you may be surprised to learn the profits leach away to the other…
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