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I remember reading something about because income is guaranteed (ie we will all need to pay our water bills forever), it's possible for water companies to borrow large amounts of cash in advance, not to invest in infrastructure but to pay bigger dividends.

For the first time I looked at the Southern Water pie chart that says where your money goes. Out of the average £1.14 daily charge (WTF - to put water through a pipe and take poo away?) 4p is profit and 22p is interest on debt

We can't have a water meter. Something to do with incompatible pipes. So instead they've put us on a meter assessed bill. Nothing about the house has changed, but somehow this has warranted a 25% increase in our water bill.:annoyed::shrug: