The Labour party would fulfil its pledge to nationalise the water industry by handing it to local government, its annual conference has been told.
Launching its Clear Water policy document earlier this week, shadow chancellor John McDonnell said that water bills "had risen 40% in real-terms since privatisation. “Each day enough water to meet the needs of 20 million people is lost due to leakages. With figures like that, we can’t afford not to take them back. But let’s be clear, nationalisation will not be a return to the past,” he promised.